Professional Indemnity Insurance

Protect your business against mistakes, errors or omissions.

Professional Indemnity Insurance helps cover the cost of compensation claims and legal action should a client sue your business for negligence.

Professional indemnity insurance covers you for errors and omissions such as:

professional negligence or breach of duty of care (making a mistake in your work or providing wrong advice)
copyright infringement (such as mistakenly using protected content without permission)
breach of confidentiality (such as sharing of confidential or sensitive information without consent)
loss of documents or data
defamation or libel (making a false statement that is damaging to a person’s or company’s reputation)

It is important to make sure your business description is accurate and details of all activities carried out by the company are disclosed to insurers. If your details are not accurate, insurers can withhold the right to pay out on a claim.

We ask the right questions, ensuring that you will have all the cover in place that you need, should you ever need to make a claim. By doing this, our insurers have the peace of mind that we have researched your requirements thoroughly, and can offer us the most competitive rates that we pass on to you.

Get a quote

To discuss your insurance requirements please call us on 020 7354 3881 or email us through our contact page using the link below.

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Key features:

Civil Liability

This will protect you should a client suffer directly as a result of working with your business.

This includes, negligence, unintentional breaches of confidentiality, infringement of copyright/trademark, defamation infringements, loss of professional documents and legal defense costs.

Varying levels of cover

Levels of cover vary according to your business and the type of services you provide.

The limit covers the total of all claims made during the policy period.

Claims made

Only claims arising and notified to insurers during the policy period will be covered.

You can arrange retroactive cover which means that your policy can start before the date it has been taken out.

Optional Extras

Cover will vary according to your business needs. The more protection you have, the better.

This can include: Public, Employers and Products Liability, Directors and Officers Liability, Entity Defense, Employment Law Protection and Fidelity Covers.

Who needs Professional Indemnity?

Any company or professional offering advice or providing professional services which could potentially cause their client a financial loss.

Common Examples are:

Architects
Accountants
Book-keepers
Solicitors
Engineers
Builders
Consultants and
IT Professionals

However, there are many other professions where services supplied could potentially cause a loss and may require cover. We have access to a wide range of insurers who offer cover to many different professions.

Significant exclusions/limitations of Professional Indemnity (PI) Insurance:

Business Activities not disclosed to insurers
Excess – an amount you normally have to pay in the event of a claim
Onerous Contractual terms going beyond the duty of care at common law are excluded, unless previously disclosed to insurers and agreed
Potential known incidences that could give rise to a claim but not disclosed and accepted by insurers prior to inception of the policy
Claims arising from the transmission of computer viruses or data protection breaches
Defective Premises Act cover

Each Professional Indemnity Insurance policy is different, and therefore you should seek advice to ensure that you have all the correct cover in place.

Our team can tailor a policy to suit the exact needs of your business, rather than a one size fits all policy that can leave you open to risks.

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Have you ever been convicted of any offences involving fraud, theft, false accounting or other dishonesty or an offence (whether or not in the United Kingdom) relating to companies, building societies industrial and provident societies, credit unions, friendly societies, insurance banking or other financial services, insolvency consumer credit or consumer protections, money laundering, market manipulations or insider dealing? (required)	YesNo
Are you the subject of any current criminal proceedings? (required)	YesNo
Have you any convictions for any offences other than those listed in question 1 a) above which are not spent, whether or not in the United Kingdom (excluding traffic offences unless these resulted in a ban from driving or involved driving without insurance)? (required)	YesNo
Are you or have you ever been the subject of any civil proceedings, arbitration or litigation, including proceedings that resulted in a County Court Judgment (CCJ) or other judgement debts, in the United Kingdom or elsewhere? (required)	YesNo
Are you aware of any intention to begin such proceedings against you in the future? (required)	YesNo
Do you have any judgement debts (including CCJs) made under a court order still outstanding, whether in full or in part? (required)	YesNo
Have you ever failed to satisfy any such judgement debts within one year of making of the order (required)	YesNo
Are you or have you ever been, the subject of any bankruptcy proceedings, or proceedings for the sequestration of your estate? (required)	YesNo
Have you ever entered into a deed of arrangement or an individual voluntary arrangement (or in Scotland a trust deed) or other agreement in favour of your creditors, or are you doing so? (required)	YesNo
Have you ever been found guilty of conducting any unauthorised regulated activities or been investigated for possible conduct of unauthorised regulated activities? (required)	YesNo
Are you, or have you ever been, the subject of an investigation into allegations of misconduct or malpractice in connection with any business activity? (required)	YesNo
Have you ever, either in the United Kingdom, or elsewhere been - (required)
- refused entry to, or been dismissed or requested to resign from, any profession, vocation, office or employment, or from any fiduciary office or position of trust, whether or not remunerated? (required)	YesNo
- refused, restricted in, or had suspended, the right to carry on any trade, business or profession for which specific licence, authorisation, registration, membership or other permission is required? (required)	YesNo
- disqualified by a court from acting as a director of a company or from acting in a management capacity of conducting the affairs of any company, partnership or unincorporated association? (required)	YesNo
- the subject of a disqualification direction under section 59 of the Financial Services Act 1986 of a prohibition order, under section 56 of the Financial Services and Markets Act 2000, or received a warning notice to make such a direction or order? (required)	YesNo
Have you ever been a controller, director, senior manager, partner or company secretary of a company, partnership, or unincorporated association? If you answered "no" to question 8 you may proceed to section 12. Please tick (required)	YesNo

In respect of activities regulated by the FCA have you, or any company, partnership or unincorporated association of which you are or have been a controller, director, senior manager, partner or company secretary, during your association with that entity and for a period of three years after you ceased to be associated with it, ever - (required)
- been refused, had revoked, restricted or terminated any licence, authorisation, registration, notification, membership or other permission granted by any such body? (required)	YesNo
- been criticised, censured, disciplined, suspended, expelled, fined, or been the subject of any other disciplinary or intervention action by any such body? (required)	YesNo
- resigned whilst under investigation by, or been required to resign from, any such body? (required)	YesNo
- been the subject of any civil action which has resulted in a finding against you or it by a court? (required)	YesNo
Has any company, partnership or unincorporated association for which you have been a controller, director, senior manager, partner or company secretary, in the United Kingdom or elsewhere, at any time during your involvement or within one year of such an involvement – (required)
- been put into liquidation, wound up, ceased trading, had a receiver or administrator appointed or entered into any voluntary arrangement with its creditors? (required)	YesNo
- been declared by a court liable for any fraud, misfeasance, wrongful trading or other misconduct? (required)	YesNo
- been investigated or been involved in an investigation by an inspector appointed under companies or any other legislation, or required to produce documents to the Secretary of State, or any other authority, under any such legislation? (required)	YesNo
- been convicted of any criminal offence, censured, disciplined or publicly criticised, by any inquiry, by the Takeover Panel of any other governmental or statutory authority or any other regulatory body (other than as already indicated under 10 b))? (required)	YesNo
Are you currently a director of any company other than one which is a part of this company? (If “yes” please give details on the supplementary sheet). (required)	YesNo

Professional Indemnity Insurance