Professional Indemnity Insurance

Professional indemnity insurance can be an important cover for a range of businesses, from accountants, architects,  surveyors, and consultants, who must have professional indemnity cover in order to operate legally, and which is often included as part of their regulatory bodies standards and rules.

It’s a popular choice for small businesses or self-employed / freelance people that provide professional services – i.e. a designer, garden landscape design, an accountant or tax professional, or a personal trainer because it can cover you if your work leads to a financial loss for your client. Some client contracts will require that you have a certain level of professional indemnity cover.

Even if you’ve done nothing wrong, the cost of defending yourself against claims for negligence or mistakes that leave your client out of pocket can be very high.

• Negligence – if you provide incorrect advice or make a mistake
• Breach of confidence – sharing (commercially) sensitive information without permission
• Lost or damaged documents, money or goods – if you lose money, or lose/damage documents or goods whilst in your care
• Defamation – If you produce or support libellous comments
• Breach of copyright – Limited cover is available if you infringe copyright, trademarks or intellectual property (see intellectual property insurance for our full cover option)
• Employees – If your employee causes a loss for a client

The cost of professional indemnity insurance depends on how much cover you need to take out and how risky your business might be.

The best way to get an idea of how much professional indemnity insurance might cost is to speak to one of our senior brokers.

Depending on your type of work and if you are a members of a professional body, we may have a specialist facility, which provides enhanced cover and competitive rates, you can use to purchase your PI Insurance.

• Visual Language Professional members
• Society of Garden Designers members
• Institute of Historic Building Conservation members
• Chartered Institute of Architectural Technologists
• Chartered Institute of Ecology and Environmental Management
• Chartered Association of Building Engineers
• Landscape Institute 
• Chartered Society of Designers
• Central Association of Agricultural Valuers (CAAV and SAAVA members)
• Association of Valuers of Licensed Property members (AVLP)
• Chartered Institute of Taxation

We work with a wide range of insurance providers in the UK.

If you use the Direct arm of the insurer you may not get the cover you need, as its often the case that their telephone advisers cannot tailor the cover entirely.

As an insurance broker, we take the time to understand your needs and those of any regulatory body and, working with the insurer underwriters (and not their telephone advisers), were we can tailor a policy for you.