Professional Indemnity Insurance

Professional Indemnity Insurance with Prosura

Working in a professional capacity carries a tremendous amount of responsibility. While your services provide a vital role, a small error or omission can have significant consequences for your clients.

And there’s no denying that even with the very best care, mistakes can happen. It’s our job to find you the right cover to safeguard your business if they do.

Our experienced brokers understand the challenges and risks faced by those working in the  professional services industry, and have access to a wide range of high quality products to create the most appropriate professional indemnity cover for your needs.

Let us to prepare your quote for indemnity insurance; our specialist team will ensure the career you’ve invested so heavily in is fully protected.

Do you offer professional advice to clients?

Professional indemnity insurance is essential for anyone who provides a professional service or professional advice in the course of their work.

This can include accountants and bookkeepers, architects, solicitors, surveyors, and those who work in financial services.

Although not a legal requirement, some regulatory bodies – and even clients – will insist upon professional indemnity insurance as a contractual obligation.

Whether you run a large practice and need a PI insurance quote, or you require self employed professional indemnity insurance, our brokers will be able to help – leaving you free to get on with the day job.

What does Professional Indemnity Insurance cover?

Professional indemnity insurance will protect you in the event a claim is made by a third-party for financial loss or damages caused as a result of the professional service or advice you provide.

A client may make a claim against you for alleged negligence or breach of duty, claim that you’ve made an error or omission, or that you’ve offered poor advice in your line of work. Even if you have done everything right, the cost of defending these claims can be eyewatering.

Some of the covers that can be included in a professional indemnity insurance policy are:

  • Professional negligence or a breach of duty of care
  • Negligent misstatement or misrepresentation
  • Defamation
  • Breach of confidence
  • Breach of copyright
  • Breach of contract
  • Employee cover
  • Lost or damaged documents

It’s imperative that your professional indemnity cover is adequate for the level of risk you’re exposed to. Our brokers will help you select the right level of cover, as well as explaining any exclusions that apply so you have complete confidence in the policy we create for you.

As experienced brokers, we take the time to understand your requirements before advising you on the most appropriate products from a selection of top-quality insurers.

What else do I need to consider with Professional Indemnity Insurance?

Public liability and professional indemnity insurance often go hand-in-hand. Should a client suffer an injury, damage, or loss while at your business premises, your public liability insurance will cover the cost of compensation and legal fees.

If you employ other people within your firm, you’ll need employers’ liability insurance. This is a legal requirement that will protect you in the event of a workplace illness or injury.

If you work with contractors, we’ll be able to advise you on how to check their cover meets the requirements of your PI insurance policy too.

Whether you’re a large firm, or a small business needing professional indemnity insurance, our team of expert brokers can create a bespoke package to suit your needs.

Why contact Prosura for a Professional Indemnity Insurance quote?

ProSura prides itself on being an independent insurance broker, with access to a broad range of insurers to select the right product that’ll meet your exact requirements.

Our high-quality, cost-effective professional indemnity cover is built on years of experience and in-depth industry knowledge, delivered to you in a simple, jargon-free way.

We also give all our Professional Indemnity Insurance Clients free access to PROSURA Digital Lawyer, saving them hundreds of pounds a year on Legal Fees.

To get your bespoke quote for indemnity insurance, please contact the team at Prosura today.

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