Professional Indemnity Insurance
Protecting Your Business Decisions
Expect the very best financial protection if you are ever sued for negligence. Our PI Insurance covers both legal defence costs and compensation payments if you lose a claim. FREE retroactive and worldwide (excluding USA/Canada) cover is standard - any number of sub-contractors you choose to engage are also covered under the policy.
Your peace of mind is guaranteed.
Start here to get the right protection your business deserves or if you prefer to talk call our friendly brokers on 01480 470220.
What is PI Insurance?
Professional indemnity insurance is designed, as the name suggests, to indemnify professionals should they be sued for failing to exercise their professional duty of care. To put it another way, professional indemnity insurance is there to protect you from the financial consequences of negligence – anything you did which you shouldn't have done as well as anything you should have done which you didn't. And it includes such eventualities as accidental breach of copyright or intellectual property rights, accidental breach of confidence, inadvertent libel or slander, loss of client documentation, and dishonesty on the part of your employees.
It also covers all the legal costs – which could end up as large as any claim – associated with defending any action taken against you.
Who needs it?
Just about everyone whose business involves the provision of professional advice and/or the delivery of professional services. And the definition of 'professional' has widened considerably over the years. No longer is the term restricted to doctors and lawyers. It refers to anyone whose judgement any client might reasonably be expected to rely on. Indeed, at www.professionalindemnityservice.co.uk, we offer individually tailored professional indemnity policies for over 350 different professions.
The reason why this particular policy is so important is because, as a professional, you can't simply agree not to charge a client if something goes wrong. You are potentially liable for the total amount of any financial loss the client suffers as a result of negligence on your part. When you bear in mind that a mistake you make could result in delay to a bigger project, additional labour costs, lost revenue and, in some cases, repair to any damage caused and compensation for any injuries suffered, it's easy to see how claims can run to thousands, tens of thousands and even millions of pounds.
Without professional indemnity insurance, you could liable for the lot.
How much do I need?
There's no 'one size fits all' answer to the question of how much professional indemnity insurance you should have. It depends on what you do, who you do it for and where you do the work. But you may find that any professional body you belong to will stipulate a recommended or mandatory level of cover. Similarly, you may find that a contract you bid for demands that you hold a certain amount of cover.
But whatever your circumstances, we can accommodate you at www.professionalindemnityservice.co.uk. We offer the following levels of cover for all professions:
Arrange your Professional Indemnity Insurance here
Some Of Our Partners
Discounted professional indemnity insurance from £78.40 p.a
Full protection underwritten by Royal & Sun Alliance (A+ rated - Standard and Poors)