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What is Professional Indemnity Insurance?

Professional indemnity insurance is an important cover for businesses that give advice or provide a professional service to clients. It can pay for compensation claims and legal fees that may arise if a client suffers a financial or professional loss due to negligence in your work.

Do I need a Professional Indemnity policy?

If your business gives advice, offers a professional service, or handles data or intellectual property belonging to a client or business, you may need professional indemnity insurance. This cover protects you against the cost of a claim for negligence or a mistake that leaves the client out of pocket.

Even if you’ve done nothing wrong, the cost of defending yourself against these claims can be very high. Professional indemnity cover can help protect you and your business against this risk.

How much does a Professional Indemnity policy cost?

The cost of a professional indemnity insurance policy depends on factors such as the level of cover you choose and the type of work you do. Insurers predict how likely you are to make a claim and how much a claim could cost. Typically, businesses that face higher levels of risk pay more.

Professional Indemnity Cover

 Data protection and copyright breaches


 Breach of confidentiality

 Business equipment

 Loss of documents

 Bodily injury (from breach of professional duty)

 Dishonesty of employees

 Court attendance costs

 Public liability

 Employers’ liability