Professional Indemnity Insurance

What is Professional Indemnity Insurance?

Often abbreviated to "PI", professional indemnity insurance covers legal costs and expenses as well as compensation where you are found to have provided inadequate or negligent advice, services or designs. Many professionals are obliged to hold professional indemnity insurance as part of their regulatory body's requirements.

Insurance Obligations

You are obliged to be truthful with the insurer and tell them about any material facts.

How much does Professional Indemnity Insurance Cost?

The cost of professional indemnity insurance is based on a number of factors including the industry that you operate in and turnover. It can be extremely competitively priced in some professions and more expensive in others.

You can pay for your insurance in one annual lump sum, or by 12 equal monthly instalments. The lump sum option is generally cheaper, whereas the monthly instalments helps to spread the cost. Policies can be paid for by direct debit, direct transfer, card and cheque.

If you require professional indemnity insurance, or if your existing policy is up for renewal, please contact us for a competitive quote.