Professional Indemnity Insurance

Professional Indemnity Insurance
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Professional Indemnity Insurance

Professional Indemnity Insurance (PI or PII) covers businesses, sole traders, freelancers, partnerships and organisations who wish to have protection against claims being made in connection with services they provide to their clients.

A Professional Indemnity Insurance policy will cover and react to claims such as libel, slander, errors, omissions, professional neglect, malicious falsehood, copyright, breach of confidentiality, negligent statements or actions and much more.

There was a time when Professional Indemnity Insurance was only purchased by the traditional professions. These included architects, accountants, independent financial advisers, brokers, solicitors, surveyors and engineers. Professional indemnity insurance is now a compulsory requirements for many professions and businesses.

Today more and more businesses need or are required to hold professional indemnity insurance, indeed many organisations employing professionals, contractors or freelancers will insist that a professional indemnity policy is in place before awarding contracts or allowing membership to any representing bodies.

What does a PI policy cover? (Very Broadly)

  • The defence of allegations made against the business or a professional. That is the legal costs of hiring an expert legal representative or solicitors (where necessary) to defend a claim against you or your business.
  • In the event that you were to be found neglectful in your duties, the damages awarded against you up to the level selected when the policy was purchased.

Clearly professional indemnity insurance policies can expand to cover the needs of an individual, profession or business. In some cases individual contracts can be considered for cover.

Click here to get a Professional Indemnity Insurance quote or choose one of the options on the left.

Click here to read our Professional Indemnity Insurance Guide

If you have any questions our expert brokers are available Monday-Friday 9.00am-5.00pm (UK time) to help. Call us on +44 (0) 1323 648000 or from the Republic of Ireland call 0818 333 742.