Professional Indemnity (PI) Insurance protects businesses that provide advice or professional services from claims of errors, omissions, negligence, or breaches of contract. It helps cover legal costs and compensation payments resulting from such claims.
Key Coverage Areas
Professional Negligence & Breach of Duty
Protection against allegations of professional negligence or failure to meet duty standards in providing your services.
Optional Coverage for Contractors
Additional protection for contractors working with your business.
Industry-Specific Policies
Tailored solutions for various sectors
Why Do You Need PI Insurance?
PI Insurance is essential for any business providing professional advice or services, such as real estate agents. Your clients rely on your expertise when making significant decisions, like property valuations or tenant approvals. If your advice leads to financial loss, your clients may seek legal action against you. In such cases, PI insurance can cover both legal defense costs and any compensation you might be required to pay.
What Professional Indemnity (PI) Insurance Covers
Professional indemnity insurance protects you against claims of negligence, error, or omission in your professional services, covering legal costs, compensation, and related expenses.
Legal Defence Costs
Coverage for solicitor fees, court costs, and expert witness expenses if you’re sued for professional negligence.
Compensation & Settlements
Pays for damages awarded to clients due to financial loss caused by your advice or services.
Breach of Duty
Covers breaches of confidentiality, fiduciary duty, or privacy obligations.
Errors & Omissions
Protection against mistakes in documentation, advice, or service delivery, even if unintentional.
Defamation & Reputational Harm
Covers claims of libel or slander resulting from your professional communications.
Regulatory Investigations
Some policies also cover investigations by professional bodies or regulators.
Cover at a glance
Protection against claims of negligence, error, or omission
Cover for legal defense costs, settlements, and compensation
Protection for breaches of confidentiality or duty of care
Cover for defamation and reputational harm
Assistance with investigations by regulators or professional bodies
Flexible limits tailored to your profession and level of risk
Who needs it?
PI insurance is essential for professionals who provide advice or services to clients, helping protect against claims of negligence or error.
Consultants & Advisors
Business, financial, HR, and IT consultants.
Health & Wellness Professionals
Psychologists, dietitians, and fitness instructors.
Legal, Accounting & Financial Services
Accountants, bookkeepers, mortgage brokers, and lawyers.
Design & Creative Professionals
Architects, engineers, graphic designers, and marketers.
Real Estate & Property Professionals
urveyors, valuers, and agents.
Confidence to work without the risk of costly claims
If your work involves giving advice, making recommendations, or providing services that clients rely on, PI Insurance is a vital safety net. Even the most experienced professionals can make mistakes, and one claim could result in significant legal fees or damages.
