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Professional Indemnity Insurance


Protection against your legal liability to compensate third parties who have sustained loss or damage

What is Professional Indemnity Insurance?

Professional Indemnity Insurance (or PI Insurance as it is often called) protects you and your business against the costs of compensating a client if you make a mistake in work for a client that causes them financial or reputational loss. It's not always easy to get the guidance you need to find a policy that’s right for you when you are looking for Professional Indemnity Insurance. But that's where we come in.


Do you need Professional Indemnity insurance?

Whilst Professional Indemnity Insurance isn’t a legal requirement, and not all businesses need this type of cover, many do. Just take a look at our helpful overview below to see if your business should have it.

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Do you offer a professional service?

Most businesses that provide services are very likely to need Professional Indemnity Insurance

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Do you handle a client’s data or copyrighted materials?

No matter how careful you are there’s always the risk of losing or releasing confidential information

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Do you provide advice to clients?

No one wants to think about it, but if the advice you give leads to a bad outcome, some clients might sue

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Is there a chance you may damage a client’s property?

Property can mean intellectual as well as bricks and mortar. Whether you’re woking on a home or a website, things can happen

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How much Professional Indemnity Insurance cover do you need?

Professional Indemnity Insurance can usually cover you for anywhere between £50,000 and £5 million, with some policies able to cover you for more. Clearly, that’s a wide range. We can work with you to understand exactly how much you need. As a guide, here are a few of the things we look at when we help arrange cover.


Step 1: Work out the value

What’s the total value of the information or property you’ll be handling? Whether you’re a consultant advising on multi-million pound deals, or a small business carry out some building improvements, you should be insured for enough to cover any losses you might cause.

Step 2: Look at contracts

The devil is in the details. Most businesses require a certain level of Professional Indemnity Insurance for anyone they work with, which will probably be included your contract. No matter what, it’s always worth checking.

Step 3: Check others

To begin with it's sensible to see what other businesses in your industry are doing, so you have a better idea of what the usual standards are. Although, of course, no two companies are the same,

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We’re here to help

We would be delighted to help you or your business with your insurance needs. Whether you need a specific product, or a full review of your current set up, just get in touch and we will come back to you quickly.

Contact us