Professional Indemnity Insurance
Advice, expertise and professional services come with responsibilities to the people who rely on them. Professional Indemnity Insurance is designed around the risks that can arise from that professional work.
From £8 a month
Professional Indemnity Insurance helps protect against a range of risks arising from the advice, expertise and professional services you provide.
Protection if a client alleges that your advice, work or services failed to meet the expected professional standard.
Cover for certain mistakes, errors or things you may have failed to do while providing your professional services.
Protection against certain claims involving the unintentional disclosure or misuse of confidential or private information.
Cover for certain unintentional infringements of intellectual property rights arising from your professional services.
Protection against certain claims involving libel, slander or defamatory statements made during your professional work.
Cover can extend to certain costs arising from the loss or damage of documents or data entrusted to you.
If a covered claim is made against your business, Professional Indemnity Insurance can help with eligible legal defence costs and compensation or damages you're legally liable to pay.
Even experienced professionals can face allegations when a project doesn't go to plan. Here are a few examples of how a Professional Indemnity claim could arise.
A client alleges that advice you provided led to a costly business decision and seeks compensation for the resulting financial loss.
A client claims an error in a system or digital solution you delivered caused additional costs and disruption to their business.
A mistake in your professional work means part of a client's project has to be redone, and they seek to recover the additional cost from you.
Professional Indemnity Insurance
From
a month
£50k to £5m cover available
Choose the level of protection that reflects the work you undertake, the potential financial impact of a claim and any minimum cover required by clients or contracts.
Eligible online policies also include access to practical legal support and business resources.
Speak to qualified solicitors about contracts, employment law and other business-related legal issues.
Access ready-to-use contracts, policies, procedures, guides and templates.
Still not sure? Call us on 01225 284968.
Generally, no. However, clients, contracts, regulators or professional bodies may require you to have it.
It can be important if clients rely on your advice, consultancy, designs, expertise or professional services.
Consider the type and value of work you undertake, the potential financial impact of a claim and any minimum limits required by clients or contracts.
An allegation can still be expensive to defend. PI can help with eligible defence costs for covered claims, even where you believe you've done nothing wrong.
Depending on the policy and circumstances, cover can extend to areas including confidentiality, intellectual property, defamation and loss of documents.
Professional Indemnity primarily protects against claims arising from professional services that cause financial loss. Public Liability primarily deals with injury to other people or damage to their property.
Online insurance available through Captivo is provided by Markel, an established specialist insurer with more than 25 years' experience protecting professionals and businesses. You'll see full insurer and policy details before you buy.
Choose cover that keeps pace with the professional services, clients and contracts your business takes on.
