We understand that if you provide a professional service, either as a business or an individual, if things go wrong, you want the peace of mind that you have the right protection. That’s why we arrange bespoke Professional Indemnity insurance policies for all types of professionals including Accountants, Surveyors, Solicitors and Engineers, tailored to your individual requirements.


An Professional Indemnity insurance policy can include cover for:


  • Claims made against you for negligence, or a breach of duty or care

  • Directors and officers of your business

  • Employment and public liability

  • Material damage for office contents and equipment


Disclaimer: Employment and Public Liability, Directors and Officers included within a Professional Indemnity policy will be considered a Professional Indemnity Combined policy.


Professional Indemnity (PI) Insurance safeguards businesses that provide expert advice or services from bearing the financial burden of potential negligence claims.


*All features and benefits are subject to eligibility and underwriting criteria.


What is Professional Indemnity Insurance?

Professional Indemnity Insurance is protection for businesses that offer professional advice or services. It protects these enterprises from bearing the financial brunt of potential negligence claims made by clients. PI Insurance is especially crucial for businesses that provide financial advice, IT consultancy, design services, and more.



The cover allows professionals to perform their duties without fear of unintended consequences. If disagreements occur, professional indemnity insurance handles the cost of rectifying the situation, including legal fees. It provides protection against claims of financial losses resulting from alleged or actual negligence during the provision of a professional service.


Coverage scope of Professional Indemnity Insurance

Professional indemnity insurance protects against several claims, including:


  1. Negligence: Protects if the professional services result in damage or injury to a client.

  2. Misrepresentation: Offers coverage if a client alleges that false or misleading information led them to enter a contract agreement, resulting in damages.


The importance of Professional Indemnity Insurance cover

If a company offers professional services and lacks professional indemnity insurance cover, it can be held accountable if a customer believes a mistake was made. Even if the alleged error didn't cause financial loss, the company could still face a lawsuit. professional indemnity insurance thus offers a financial safety net when businesses need it most.


When is Professional Indemnity Insurance required?

Companies should consider investing in professional indemnity cover if they:


  • Provide professional services

  • Offer advice to clients

  • Are required to have complete coverage


Professional Indemnity Insurance exclusions

While professional indemnity cover offers extensive coverage, it does not cover all scenarios. Some exclusions include:


  • Claims arising from known circumstances that were not notified to the insurer when the policy was taken out

  • Liability for bodily injury or property damage (covered by public liability insurance)

  • Fines and penalties


Is Professional Indemnity Insurance compulsory?

Though professional indemnity insurance is not a legal requirement for all businesses, certain professions are required by their industry bodies to have it. These include solicitors, accountants, architects, mortgage intermediaries, and insurance brokers.


Who should have Professional Indemnity Insurance?

Professional indemnity insurance is a type of liability insurance that helps protect professionals such as accountants, consultants, architects and lawyers from bearing the full cost associated with defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit. But it's not just these professions that could benefit from such a coverage.


In essence, any individual or business providing a service or advice in a professional capacity should consider having professional indemnity insurance. For example, if you're a fitness trainer or dietitian, you could face legal action if a client suffers an injury or health issue based on your advice. Similarly, if you're in the IT industry and a client suffers losses due to your software recommendations, you may be held accountable.


Even if you are not at fault, legal costs can quickly escalate and have the potential to cripple your business or personal finances. Professional indemnity insurance can provide that crucial financial support when it's needed most. Ultimately, it's about peace of mind. With this insurance in place, professionals can focus on what they do best - providing excellent service to their clients.


How does Professional Indemnity Insurance work?

Professional indemnity insurance is a type of liability coverage designed to protect businesses and professionals from financial loss. But how exactly does it work? Basically, if your business provides professional services or advice, there's always a risk that a mistake or oversight could result in financial loss for your client.


Imagine, for instance, you're an architect and an error in your design causes a building to collapse. Or perhaps you're an accountant and a miscalculation on your part leads to your client being fined by the tax authorities. In such cases, the client could sue you for damages. Professional indemnity insurance would cover the legal costs and any resulting compensation claims.


In case of a claim, the insured must notify their insurer promptly. The insurer will then assess the claim, and if it falls within the scope of the policy, the insurer will handle the legal costs and potential compensation payment.


This insurance gives you a financial safety net, ensuring that one mistake won’t bankrupt your business. It also provides peace of mind to both you and your clients, knowing that should something go wrong, there's a system in place to rectify it. The policy terms and conditions, including the coverage limits, would depend on the particular risks associated with your profession and the specific details of your business.


How to choose the right Professional Indemnity Insurance provider

Choosing the right professional indemnity insurance provider is a crucial decision that can significantly impact your business. This form of insurance protects professionals against potential claims for damages from clients alleging negligence or failure to perform professional duties. With so many providers offering seemingly similar policies, it's essential to make an informed decision.


Consider the reputation of the provider. Look for a company with positive reviews and a proven track record in handling claims efficiently and fairly. Check the financial stability of the insurance provider. You want to be confident that your insurer has the financial capacity to pay any claims that may arise. Companies with strong ratings from independent rating agencies are typically a safe bet.


Finally, consider the level of customer service provided. Ensure that the insurer offers personalised service and is responsive to queries and concerns. You should feel comfortable discussing your needs and concerns and feel assured that they will be addressed promptly.


Remember, professional indemnity insurance is not just about price; it's about getting the right coverage from a reliable provider. So, take your time, do your research, and make an informed decision. Your peace of mind and business reputation may depend on it.



Professional Indemnity Insurance offers a critical safety net for businesses that provide professional advice or services. By shielding these enterprises from potential financial losses arising from negligence claims, professional indemnity insurance provides peace of mind and financial security.


Remember, while this guide offers a comprehensive view of PI Insurance, it's crucial to seek advice from an insurance professional to understand the unique needs of your business.


Professional indemnity insurance FAQs


What is generally covered by professional indemnity insurance?

Professional indemnity insurance is a safety net for professionals who provide advice or services. It covers legal costs incurred in your defence and any damages or costs that may be awarded, if you're alleged to have provided inadequate advice or services that cause your client to lose money.

This could include situations such as negligence, misrepresentation, violation of good faith or fair dealing, or inaccurate advice. In a world where mistakes can happen, having professional indemnity insurance gives you the confidence to deliver your expertise without the constant worry of potential legal repercussions.


How much does professional indemnity insurance cost?

To get a quote for professional indemnity insurance or to receive a quote for any of our other insurance products, you can get a quote through our website.


Do I need my own professional indemnity insurance?

Whether you need your own professional indemnity insurance largely depends on your profession and the level of risk involved in your work. This type of insurance is designed to protect professionals against claims made by their clients for loss or damage due to negligent advice or services.

It is especially crucial for professionals like doctors, lawyers, architects, accountants, and consultants. So, if your work involves providing professional advice or services that could potentially lead to a client's financial loss, investing in professional indemnity insurance could be a wise decision.


What does professional indemnity insurance not cover?

Professional indemnity insurance is a lifeline for many businesses, providing a safety net against claims of negligence or mistakes made in the course of doing business. However, it's important to note that not everything is covered by this type of insurance. For instance, it does not cover intentional wrongdoing or illegal acts. If your business intentionally causes harm or engages in fraudulent activities, your insurer is likely to refuse any related claims.

Additionally, it doesn't cover physical injuries or property damage; those are typically covered by general liability insurance. Lastly, professional indemnity insurance doesn't cover claims arising from services not specified in your policy.


What is business insurance?

Business insurance is a safety net for your venture, a tool to mitigate financial risks associated with unexpected events like natural disasters, lawsuits, employee injuries, or even business interruption. It's a contract between a business and an insurance company, where the business pays premiums and in return, the insurer pays for the business's covered losses. Whether you're a small startup or a multinational corporation, having business insurance can be the difference between weathering a storm and sinking under its weight.


What is public liability insurance?

Public liability insurance is a must-have for any business, big or small. It's a type of insurance that covers any legal costs and compensations that a business may have to pay if it's found to be at fault for causing injury or damage to the public or their property.


Is public liability insurance required by law?

In the UK, public liability insurance is not legally required. However, it is highly recommended for businesses that interact directly with the public. This form of insurance provides cover if a member of the public gets injured or their property is damaged due to your business activities. It can be a lifeline for businesses as it offers financial protection against potential compensation claims.

Despite not being a legal requirement, some industries and clients may insist on businesses having it. For instance, if you're a contractor working on a construction site, the site manager may require you to have public liability insurance as part of the contract. Additionally, certain professional bodies or trade associations might require their members to have this type of insurance as part of their membership criteria.



Why Choose Insurance Choice Commercial?

At Insurance Choice Commercial, we’ve been arranging competitive specialist insurance for over 20 years, specialising in tailoring leisure insurance policies to meet your individual or business’ requirements. We can also offer flexible payment solutions, including spreading the cost of your insurance in monthly instalments.


It couldn’t be simpler to get a quote with us, simply call 01384 429900 now, or fill in the form below, and we’ll call you back.


*All features and benefits are subject to eligibility and underwriting criteria.


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