Professional Indemnity Insurance

Professional Indemnity Insurance can help protect your business if a client claims that there is a problem with the work you’ve done, or the advice that you have given. It can offer cover if you need to pay compensation to correct a mistake or settle a claim, and can also cover your legal defence costs.

This can include claims arising from the following:

• Negligence – being careless in your work, such as giving bad advice or making a mistake
• Infringement of intellectual property rights – for example re-using content from a website without permission
• Defamation – making false or damaging claims about a person or organisation
• Breach of confidence – sharing confidential or commercially sensitive information without consent

Here are some examples of how you might make a claim and what your insurance may cover:

• A client made some business changes based on advice you gave them. The changes didn’t bring the benefits they expected and cost them money. So they make a claim against you for compensation. Professional indemnity insurance would cover the claim for compensation plus the costs of defending or settling the claim.
• You included a case study about a former client in a presentation at a conference. Afterwards that former client makes a claim against you for defamation, alleging that you made a false statement about them, and demands you pay compensation. Professional indemnity insurance would cover the compensation payable plus your legal defence costs.

Our areas of expertise include:

• Accountants
• Architects
• Commercial
• Communications, Media and Technology
• Contractors, Engineers
• Healthcare and Medical
• iIndependent Financial Services
• Single Projects
• Small to Medium-sized Enterprises

Our Professional Liability Brokers have access to a number of specialist markets for a number of Professional Indemnity risks.