Professional Indemnity

Professional Indemnity Insurance - Exceptional cover, exclusively from iNdemnity360.

Professional Indemnity Insurance covers you for any error or omission, negligent act or alleged wrongful advice in the work you do or professional services you provide.

Professional Indemnity Insurance protects you and your business against claims for loss or damage, or allegations of poor advice made by a client or third party if you make mistakes or are found to have been negligent in some or all of the services you provided. Professional Indemnity Insurance will also cover the legal costs of defending a claim or allegation made against you.

It is highly likely that it will be a requirement of your contract that you purchase Professional Indemnity Insurance. It is important to check your contract to ensure that you have purchased an adequate sum of insurance for the work that you are doing.

The contract you have with an agency does not provide you with insurance for your legal liabilities. This is your responsibility.

Retroactive cover is included in our policies as standard.

Claims Made and Retroactive Cover

Professional Indemnity Insurance is different to liability policies in that it is written on what is known as a claims made basis. This means that the insurance policy has to be in effect at the time that a claim is made against you, rather than at the time the actual event being alleged occurred.

To provide protection against claims which may arise from work you have done under a previous insurance policy, most Professional Indemnity policies include the option to purchase Retroactive Cover. Generally speaking, this cover would only cover you back to the last break in continuous insurance, and most insurers will charge an additional premium to include it, dependent on how far back the cover needs to go.

Our policy automatically includes retroactive cover back to the date of incorporation of your company, or the date you started trading.

How much cover do I need?

The amount of professional indemnity insurance you need will depend on a number of factors, including the nature of your work, the size of your business, and the type of clients you serve. Here are a few things to consider when determining how much coverage you need:

  • The nature of your work: If you work in a high-risk industry, such as law, accounting, or engineering, you will likely need higher levels of coverage than if you work in a lower-risk industry, such as marketing or consulting.
  • The size of your business: Larger businesses typically need higher levels of coverage than smaller businesses. This is because larger businesses have more assets to protect and are more likely to be sued.
  • The type of clients you serve: If you work with high-profile clients or clients with deep pockets, you will likely need higher levels of coverage than if you work with smaller, less-sophisticated clients.

It is important to note that professional indemnity insurance is not a one-size-fits-all solution. The amount of coverage you need will vary depending on your individual circumstances. If you are unsure how much coverage you need, you should call us on 0330 118 0007 so that we can discuss your options.

Here are some additional tips for determining how much professional indemnity insurance you need:

  • Review your contracts: Many contracts will specify a minimum level of professional indemnity insurance that is required.
  • Check with your professional body: Many professional bodies have minimum requirements for professional indemnity insurance.
  • Consider your financial situation: Can you afford to pay for the legal fees and damages that could result from a professional error?
  • Get quotes from multiple insurers: This will help you compare prices and coverage options.

By following these tips, you can ensure that you have the right level of professional indemnity insurance to protect your business.


Q: What is professional indemnity insurance?

A: Professional indemnity insurance is a type of insurance that protects businesses and individuals from financial losses arising from claims of professional negligence. It covers the cost of legal fees, settlements, and damages awarded against you in the event that a client or customer sues you for professional negligence.

Q: Who needs professional indemnity insurance?

A: Any business or individual that provides professional services to others should consider taking out professional indemnity insurance. This includes lawyers, accountants, architects, engineers, consultants, and other professionals.

Q: What is covered by professional indemnity insurance?

A: Professional indemnity insurance typically covers claims for professional negligence, breach of contract, and infringement of intellectual property rights. It may also cover the cost of defending against regulatory investigations and disciplinary proceedings.

Q: What is not covered by professional indemnity insurance?

A: Professional indemnity insurance does not cover claims for intentional acts, fraud, or gross negligence. It may also exclude claims for losses that are caused by natural disasters or other events that are beyond your control.

Q: How much does professional indemnity insurance cost?

A: The cost of professional indemnity insurance varies depending on the size and type of business, the nature of the professional services provided, and the level of coverage required.

Q: How do I get professional indemnity insurance?

A: You can get professional indemnity insurance from a number of different insurance companies. We only offer policies from one insurer, but there are many others online.

Q: Why is professional indemnity insurance important?

A: Professional indemnity insurance is important because it can protect your business from financial ruin in the event of a claim. It can also help you to maintain your professional reputation and avoid costly legal fees.

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