Professional Indemnity Insurance

Professional Indemnity Insurance covers claims arising from professional negligence, errors or omissions, breach of duty or contract, and other professional liabilities that result in financial loss or damage to a client.

Professional Indemnity Insurance is typically required by professionals who provide advice or services to clients, such as lawyers, accountants, architects, engineers, consultants, and other professionals

The amount of cover you need will depend on the type of services you provide, the risks associated with your business, and your clients’ requirements. Our specialists can help you assess your risks and will recommend an appropriate level of cover based on your needs.

Having Professional Indemnity Insurance can provide peace of mind and protect your business against financial loss and reputational damage resulting from a claim of negligence or professional misconduct.

The cost of Professional Indemnity Insurance can vary depending on several factors, including the nature of your business, the level of cover required, and your claims history. Our specialists will compare quotations from a broad panel of leading insurers in order to find you the most competitive policy that meets your needs.

While it is possible to purchase Professional Indemnity Insurance online, it’s recommended to work with an experienced insurance broker who can help you assess your risks and find the right policy to meet your needs given the risks of purchasing the incorrect cover.

If you don’t have Professional Indemnity Insurance and a claim is made against you, you could be responsible for covering any legal costs and damages awarded to the claimant. This can be financially devastating for your business, and in some cases, it may even result in bankruptcy. You may also find that some client contracts will stipulate that you hold PII cover and specific limits.