Professional Indemnity Insurance

Professional Indemnity Insurance

Professional indemnity (PI) insurance can offer protection for your small business if a client claims you’ve made a mistake, been negligent or offered poor advice. No matter your industry, clients expect the best and you always work hard to provide exemplary service. PI insurance is on hand to keep your business' wheels in motion when things don’t go to plan.

What is professional indemnity insurance?

Nobody expects to make mistakes, but professional indemnity cover is on hand to safeguard your business if a client alleges there are faults in your work.

PI insurance helps in several situations that might bring financial loss or reputational damage for your client.

What does professional indemnity insurance cover?

Professional negligence or a breach of a duty of care – this might occur when poor conduct or advice results in negative consequences for a client

Negligent misstatement or misrepresentation – this is where a client or other party claims you made a false or misleading statement about their business

Defamation – a client may claim a statement you’ve made to be untrue and damaging to their reputation and make a claim against you