Professional Indemnity

Professional indemnity insurance covers the costs of compensating clients for loss or damage which results from negligent services or advice provided by a business or individual.

Do I need it?

Professional indemnity insurance is strongly recommended for any companies or self-employed individuals which offer knowledge, skills or advice on a professional basis, even if it’s for free.

⚠️ You may be required to have professional indemnity insurance by your professional body or industry regulator. Solicitors, accountants, architects, chartered surveyors and financial advisers are among the professionals usually obliged to hold professional indemnity insurance.

Many other businesses choose to protect themselves with professional indemnity insurance, particularly those who tender for contracts. Read our article about reasons for obtaining professional indemnity insurance.

What does it cover?

Standard professional indemnity policies include:

  • Cover for claims brought against you for negligence or breach of duty of care, negligent misstatement or misrepresentation, and breach of confidence or misuse of confidential information;
  • Cover for claims brought against you for infringement of intellectual property rights, including copyright, trademark or moral rights; and
  • Losses or claims brought against you as a result of dishonesty of employees
  • Cover for the cost of replacing lost documents, information or data which are necessary for you to carry out your business.

Cover extensions available include: cyber and data breach, business interruption and crisis containment.

Contact us to find out more or to get a free, no-obligation quote.

Covers can vary so always read your policy documents carefully.


Download our professional indemnity fact sheet