Professional Indemnity
Insurance
We’ll protect you against professional risks. Stay safe from potential claims of negligence, errors, or omissions.
- Expert Guidance
- Claims Support
- Tailored Policies
Overview of PI Insurance
Professional indemnity also known as PI insurance will protect you against claims made by your clients if they follow your advice and suffer any kind of loss or damage.
Although it is not a legal requirement, if you have PI, you could protect your business from legal fees, expenses, and compensation costs.
Professional Indemnity Insurance Coverage
Negligence and
Errors
Protection against claims of negligent advice, errors, or omissions causing financial loss, such as missing a filing deadline.
Libel and
Slander
Protection against defamation, slander, and libel claims arising from false information provided during professional work.
Breach of
Contract
Protection against the claims of breach of contract originating from the failure to perform the requested duties as agreed upon in the contract.
Choose Your Professional Indemnity Coverage
Our professional indemnity insurance is suitable for professional service providers, including accountants, lawyers, solicitors, architects, financial advisors, and healthcare professionals.
Negligence and Errors Insurance Policy
For professionals working in legal, healthcare, IT, consultancy and financial sectors, making small mistakes can lead to significant financial loss or reputational damage. Professional indemnity insurance will protect your business against claims arising from errors, omissions, or negligent advice.
If your client alleges that your mistake has caused them financial harm, professional indemnity insurance will cover the legal fees, compensation, and associated costs. It is a vital layer of protection for businesses managing sensitive data and offering expert advice. Stay protected, stay professional.
Libel and Slander Insurance Policy
False allegations and slandering are popular issues for media, consultancy, marketing, and public relations individuals. They can arise unexpectedly, threatening your reputation and financial stability. Our professional indemnity insurance offers crucial protection against claims involving defamatory statements, whether intentional or accidental, made during your professional work.
This coverage will handle your legal defence costs and compensation. You can focus on your work without worrying about reputational harm. If your words allegedly damage someone’s reputation, our PI insurance will protect your brand and maintain client trust. Safeguard your business with comprehensive libel and slander coverage.
Breach of Contract Insurance Policy
Professional indemnity insurance is essential for individuals working in the IT, legal, and financial sectors. Problems may arise when you fail to meet the agreed standards or timelines. Clients may claim that they encountered financial loss due to unmet contractual requirements, missed deadlines or unsatisfactory services. This insurance will safeguard your finances and reputation.
For businesses managing sensitive agreements, professional indemnity insurance is a must. This will ensure that you are equipped to handle disputes, maintain client relationships and focus on delivering quality results. Stay protected, stay prepared.
Why Select SIS Professional Indemnity?
Looking for simple solutions to protect your complicated decisions? Sign up with Simple Insurance Solutions to protect your business from third-party claims.
Our PI insurance will give you the freedom to make confident choices without worrying about negligence, omissions, and mistakes. Get the best PI service with
Flexible Policies
Affordable Rates
Simple Process
Our Simple, Clear, and Hassle-Free Process
Report the
Incident
Documents
Evaluation
Compensation
The Safety Net Every Professional Needs
If you provide professional or consultancy services, it is recommended that you have a PI insurance policy ahead of time. It’s a beneficial policy to cover legal fees and compensation costs that your clients may bring upon you due to your negligence, mistake, or omissions.
For professionals handling sensitive client data or providing critical advice, even a minor mistake or mishandling of information can lead to significant financial and reputational consequences. PI insurance ensures you’re prepared for the unexpected, giving you peace of mind to focus on delivering your best.
Personalised Insurance Solutions Right Around the Corner
Connect with our PI insurance brokers for a tailored policy to meet your business needs. Stay protected against risks and focus on what you do best!
Professional Indemnity Insurance FAQs
Confused about having professional indemnity insurance?
Clear all confusion with direct answers to your queries.
Do I need professional indemnity insurance?
Professional indemnity insurance is an important insurance coverage for architects, accountants, lawyers, doctors, and experienced consultants. It is essential if your wrong advice or mistake could cause financial loss to your customers. If you hold sensitive information, you should get PI insurance to protect your business and reputation in case of a mishap.
Is professional indemnity insurance compulsory?
It is not compulsory but ideal for those who offer consultations or manage sensitive information. The necessity of PI insurance depends on your profession, regulatory requirements and the level of risk associated with your services. It is highly recommended as a risk management tool to protect yourself from financial and legal liabilities.
What is the difference between professional indemnity and public liability insurance?
Professional indemnity insurance protects your business from claims made by your clients as a result of your improper advice, which might have caused them financial loss or harm. In contrast, public liability insurance will protect your business from third-party claims against the physical damage that your business might have caused them, such as accidents or injuries.
What is covered under professional indemnity insurance?
Professional indemnity insurance covers legal costs and compensation claims arising from alleged negligence, errors, and inadequate advice provided during the course of professional services. It typically covers negligence or errors, omissions, breach of duty, defamation, legal defence costs, loss of documents, and breach of confidentiality.