Professional Indemnity Insurance

Mistakes are inevitable, and even the most careful businesses can sometimes face scrutiny from a client who believes that the professional actions or advice provided were not in their best interest, this is where Professional Indemnity Insurance steps in.

While it is not mandatory for businesses to have insurance by law, its highly recommended to cover the cost of defending a claim, even if you believe you are not at fault. If a client believes that your advice has caused financial loss to their business or has damaged their reputation, they may hold you responsible for negligence and initiate a claim against you. This is what a Professional Indemnity policy covers.

Sometimes, clients often ask for proof of professional indemnity insurance and, if required, public liability insurance before engaging your services.

If your business offers professional services or advice directly to clients, it is wise to have insurance that can offer protection in case of any disagreements. This can give peace of mind to both you and your clients.

Businesses who should consider Professional Indemnity Insurance:

• HR consultants
• Marketing or PR freelance consultants
• Accountants
• Financial Advisors
• IT contractors
• Architects
• Business consultants
• Builders
• Engineers

The following businesses aren't the only ones who should consider Professional Indemnity Insurance. If you would like to find out if a Professional Indemnity Insurance would be needed for your business, speak to our team of insurance specialists.

Can Professional Indemnity Insurance Cover You For Claims from Previous Work?

Customers may file claims against you for prior work, which is frequently something that business owners may not consider. A good professional indemnity insurance policy can protect you not only for claims during your current policy but also claims against you for previous work whilst your policy is valid. 

It's crucial to make sure you have the appropriate depending on your business requirements, which can be difficult for you to determine. However, this is where using an insurance broker like ourselves is beneficial. We take the time to understand your business and find an insurance solution tailored to your business' needs.