Professional Indemnity Insurance
Covering Your Back, So You Can Cover Theirs
Providing expert advice comes with risk. Even highly skilled professionals can face claims of negligence, error, or breach of duty. Professional Indemnity Insurance helps protect you by covering legal defence costs and potential compensation, so one mistake doesn’t undo years of good work.
What Does Professional Indemnity Insurance Typically Cover?
- Claims of negligence, error, or omission in your professional advice
- Legal defence costs, even if a claim is unsuccessful
- Settlements or court-awarded compensation
- Defamation, libel, or slander (where included)
- Breach of confidentiality or privacy
- Intellectual property infringement
- Mistakes in reports, certifications, or documentation
- Contractors or subcontractors acting on your behalf
Policies can be tailored to your profession and risk exposure.
Who Needs Professional Indemnity Insurance?
- Business consultants and advisors
- Architects, engineers, and designers
- Accountants and financial professionals
- IT professionals, developers, and software vendors
- Health, wellness, and education professionals
- Anyone whose clients rely on their advice or expertise
Why It’s Different from Public Liability
Public Liability covers physical damage or injury caused to others. Professional Indemnity is about protecting your reputation and finances when the damage is intellectual, financial, or legal in nature.
For full protection, many professionals carry both.
See also: General Liability Insurance and Cyber Insurance.