Professional Indemnity Insurance >>>

Professional Indemnity Insurance

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Professional indemnity (PI) insurance protects professionals from claims made against them by their past or present clients.

Professional indemnity insurance is designed for professionals who provide advice or services to their clients. It protects your business against legal costs and claims by third parties for damages arising from acts, omissions or breaches of professional duty in the course of your business. This basically means that if you do something (or neglect to do something) in the course of your work, and a client suffers injury or financial loss as a result, they might take legal action against you. And at the end of the day, we are all human we all make mistakes.

What’s included in the Policy:

We can assist with:

  • Professional Indemnity
  • Public and Products Liability
  • Management Liability
  • Cyber Liability
  • Drone Risks
  • Corporate Travel
  • Defence costs
  • Consumer Protection
  • Joint ventures
  • Loss of Documents
  • Inquiry costs
  • Estates
  • Compensation for Court Attendance
  • Public Relations Expenses
  • Former Principals Libel & Slander


If a client suffers a material, financial or physical loss that can be attributed to an experts failure to uphold their professional standards or the provision of that experts advice, then the expert risks being sued for a breach of their professional duty. Professional indemnity insurance indemnifies you against a claim resulting from a breach of professional duty.

All PI insurance policies have a limit of indemnity and an excess. The limit of indemnity specifies the absolute maximum amount that the insuring party will pay in total for any individual claim. The excess applies for each individual claim that exceeds the limit of indemnity and specifies the amount that must be paid by the insured.

PI insurance is written on a claims-made basis, meaning that the insurance policy provides cover for claims made during the period the insurance is active in respect of professional services rendered after the agreed retroactive date and always subject to the terms and conditions of the insurance policy at the time.

The agreed retroactive date is specified in the insurance policy schedule and depends among other factors on the PI insurance package.

Professionals are legally held to a higher degree of skill and experience than other people and could be considered experts in their respective industries and also expected to uphold professional standards. Get a quote now!


Got a Question about Professional Indemnity Insurance? We’ve got the Answer!

In the past, professional indemnity insurance was only considered by medical workers, engineers, solicitors accountants and a few other professions.

However, in recent years the legal definition of professional has expanded to include a number of workers and specialists across a wide range of industries.

Today, professional indemnity insurance can cover all professionals providing services and are regarded by their clients as experts in their fields. In short, experts expected to uphold specific professional standards are open to a legal claim against them.

It costs time and money to defend against a claim of malpractice, professional misconduct, or breach of duty. You could be held responsible not only for your own actions, but also for those of your partners, employees or volunteers. A professional indemnity insurance policy safeguards your business by providing cover against such claims, including legal defence costs.
Professional indemnity generally covers legal liability for claims arising out of an actual or alleged breach of your professional duty, unlike public liability insurance, the claim types are not normally defined in the insuring clauses of the policy and therefore can include personal injury, property damage or financial loss. We are able to add on Public Liability and Management Liability if required.
Architects, Accountants, Allied Health Professionals, Architects, Bookkeepers, Charities and Not-for-profit organisations, Chiropractors, Consultants, Draftsmen, Design professionals, Engineer, Event Organisers, Financial Advisors Franchise Owners, Graphic Designers, Marketing and Advertising, Massage Therapists, Media professionals, Music and Singing Teachers, Psychologists, Physiotherapists, Performers, Podiatrists, Photographers, Occupational Therapists, Osteopaths, Radiographers, Real Estate Agents, Solicitors, Surveyors, Travel agents, Tour Operators, Tax Agents and Volunteers.
Professional Indemnity policies are written on a Claims Made policy which generally excludes claims arising from circumstances known to the insured before the start of the policy period. If, when the notification is investigated and its shown that your client did not disclose their knowledge of any potential claim this could lead to denial of the claim.

Therefore, the Continuous Cover clause is there to extend cover under the policy to a claim arising out of a circumstance which could have been notified under a previous Professional Indemnity insurance policy but the insured (for whatever reason) did not. However, for a Continuous Cover clause to apply, the insured must have been insured under a Professional Indemnity insurance policy at the time they first became aware of the circumstance that eventually gives rise to the claim.

Professional Indemnity policies operate on a ‘Claims Made’ basis. In other words, the policy which responds is the policy in place at the time a claim is made against your practice or when you notify the insurer of circumstances that may give rise to a claim as opposed to when the work which is the subject of the claim was done. What this basically means is that you need to have Professional Indemnity Insurance cover in place at the time you become aware of a circumstance that could give rise to a claim and/or at the time when a claim is made against you.



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