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Professional Indemnity Insurance - Compare Prices for your Business with MoneyMaxim

Need Professional Indemnity Insurance? Short cut your search with MoneyMaxim

Professional Indemnity Insurance

Professional indemnity insurance can help protect you, your business and your staff if a client makes a claim against you due to a problem with work you have done for them or advice you have given them. This type of cover is also known as PI insurance (PII) or indemnity insurance.

Professional Indemnity Insurance policies cover you for claims made by clients for compensation should an error or a mistake made by your company cause them financial loss. It will also cover legal costs due to your or your staff's negligence. Typically claims are for providing the wrong advice or making a mistake which leaves your client out of pocket.

Fill out your details below and a panel of leading PI insurers and brokers will provide you with competitive quotations.

Those who need Professional Indemnity Insurance normally fall into one of the following categories:

  • In the business of providing advice to clients
  • Manage customers' information or data
  • Are liable for the intellectual property of your clients
  • Are a professional who could be responsible for losses if the work you undertake is deemed to have caused losses.

Whilst many businesses feel that the quality of their work is such that claims are unlikely, we are in a world where litigation is on the rise. PII is therefore a protection any professional firm cannot really do without. Additionally clients and regulators would expect you to have such cover to ensure they are also protected should losses be incurred.

Professional Indemnity Insurance is normally provided on an industry basis, as a architect needs very different cover than a lawyer or accountant. You can select the policy limit you require, typically up to £10m.

We can happily provide quotations for charity and voluntary organisations as well as commercial businesses.

So find the right professional indemnity insurance policy for your profession by completing our form above and we will ask a range of PII insurers for great value quotations.

This service is operated on our behalf by Seopa Limited.

This content was last reviewed on 11/10/2021