Commercial cover
Professional indemnity
Protection if a client says your advice, design or service cost them money.
Who it is for
Consultants, surveyors, accountants, architects, designers, IT firms and contractors who design as well as build.
Professional indemnity insurance is written on a “claims made” basis. The policy that pays is the one in force when the claim is made, not when the work was done. That is why continuous cover and accurate disclosure matter so much.
Many professional bodies and client contracts set minimum limits. We check your contracts and your regulator’s rules before recommending a limit.
Usually covered
- Legal defence costs, even when the claim has no merit
- Compensation awarded for negligent advice, design or specification
- Loss of documents and data (on most policies)
- Breach of confidentiality and defamation (on many policies)
Usually not covered, or needs adding
- Claims you knew about before the policy started
- Work outside the activities declared on your proposal
- Contractual promises beyond normal professional duty, such as fitness-for-purpose warranties
- Claims after the policy lapses. PI is written on a claims-made basis, so run-off cover may be needed when you stop trading
Policies differ between insurers. We will show you the actual wording, limits and excesses before you decide.
Often needed by
Questions
Common questions
What does "each and every claim" mean?
The limit applies separately to every claim, rather than being shared across the year as it would be on an "aggregate" basis. Contracts often specify which one you need.
Do I need PI if I only give free advice?
Possibly. A claim can arise from advice given free if the client relied on it. Talk to us about your activities.
Talk it through with someone who knows your trade
Call, book a callback at a time that suits you, or send us the basics online. A named broker comes back to you within one working day.