Business Details
50+ Years
experience
Professional Indemnity Insurance for Transport Professionals
Established in 1925, we have provided professional indemnity insurance solutions tailored to the transport industry for over a century. Our mutual insurer model ensures members benefit from policies designed around the specific requirements of transport professionals, with surplus funds distributed to members through continuity credits for 30 consecutive years. Operating globally across 110 countries, our policies are underwritten at cost without external shareholders, maintaining focus on member needs.With 3,650 members worldwide, we specialise in covering marine, aviation and offshore professionals through comprehensive indemnity policies that address errors, omissions and negligence risks inherent in transport operations. Our claims handling prioritises swift resolution to protect business relationships while maintaining rigorous risk management standards.
Services
Professional indemnity insurance
Debt collection cover
Legal costs insurance
Loss prevention advice
Additional insurance products
Details
- Year established: 1925
Highlights and features
- Mutual insurer since 1925 with proven industry expertise
- Global coverage across 110 countries
- Policies underwritten at cost with no external shareholders
- 30 consecutive years of member continuity credits
- Specialist knowledge in marine, aviation and offshore sectors
Services
Professional indemnity insurance
Our professional indemnity policies protect transport industry professionals against claims arising from negligence, errors or omissions. Cover extends to legal costs, breach of intellectual property rights and fraud-related losses. Policies are specifically tailored for marine, aviation and offshore sectors with global risk management support.
Debt collection cover
This specialist insurance product protects against financial losses from unpaid debts. Designed for transport intermediaries, it covers credit risks associated with customer insolvencies and payment defaults. The policy complements our core professional indemnity offering with dedicated claims handling expertise.
Legal costs insurance
Our legal costs cover provides financial protection for legal proceedings related to professional services. Tailored for transport professionals, it includes support for contract disputes, liability claims and regulatory investigations. The policy works alongside our primary indemnity insurance to provide comprehensive legal risk management.
Loss prevention advice
We offer specialist loss prevention guidance to help members mitigate risks before claims occur. Our services include contract reviews, compliance checks and best practice recommendations specifically tailored to transport industry challenges. This proactive approach reduces claim incidence through expert risk assessment.
Additional insurance products
Beyond core indemnity insurance, we provide directors' liability, loss of commission and cash in transit policies. These complementary products address specific risks faced by transport professionals. All additional covers integrate with our primary insurance framework to provide holistic risk protection.
Questions
What professional indemnity insurance does ITIC offer?
ITIC provides mutual professional indemnity insurance specifically designed for transport industry professionals, covering claims arising from negligence, errors or omissions in their professional services.
How do I make a claim with ITIC?
To make a claim, contact ITIC directly through our London or Limassol offices with full details of the incident. Our claims team will guide you through the process and required documentation.
What areas does ITIC cover?
ITIC provides professional indemnity insurance globally, operating across 110 countries with specialist knowledge of international transport industry requirements.
How do I get a quote from ITIC?
Complete the relevant proposal form available on our website or contact your insurance broker to obtain a tailored quote for professional indemnity insurance.
What is ITIC's history?
Established in 1925 as the Chartered Shipbrokers Protection Association, ITIC has provided professional indemnity insurance to transport professionals for over 95 years.
What additional insurance products does ITIC offer?
In addition to professional indemnity cover, ITIC offers debt collection insurance, directors' liability policies, loss of commission cover and cash in transit insurance for transport professionals.
Reviews (1)
Charlotte Kirk
Nov 14, 2018
Report
ITIC is committed to consistently providing competitively priced professional indemnity insurance (and related insurance covers) with valuable, high quality loss prevention advice to businesses servicing the marine, aviation, rail and general transport industry through a mutual insurance company supported by at least "A-" rated security from its external reinsurers. Strong reserves will be maintained and quality service and sound risk management provided by its highly competent staff.
