Professional Indemnity Insurance
Without Professional Indemnity Insurance companies are exposed and run the risk of being sued for multiple claims. Any claims which relate to past work or incidents that took place before cover was originally incepted may not be protected. It is important to check the Retro Active Date on a Professional Indemnity Insurance policy to ensure it matches the date the business commenced trading to ensure that past work undertaken is covered.
Get a quote online today or call us to discuss your cover on 01323 648000.
Professional Indemnity Insurance is compulsory for most professional businesses, these include traditional professions such as architects, engineers, insurance brokers, independent financial advisers and accountants. Professional Indemnity Insurance will provide protection for your business's interests against claims for error, omissions and professional neglect for both the principles and employees of the business. We are able to provide a wide range of covers via our online Quote & Buy platform as well as from our experienced brokers.
Buy Professional Indemnity Insurance online
We have made it easy for you to obtain Professional Indemnity Insurance quotes from top UK insurers, which can be purchased immediately through our secure Quote and Buy portal.
Why use us to compare Professional Indemnity quotes?
We compare Professional Indemnity Insurance policies from some of the major commercial insurance companies to find you the right cover at the right price. PIA make it quick and easy for you to get the best business insurance quotes, which can then be purchased through our secure website. You can update and save your quote at any time using your unique quote reference. Comparing cover from top UK insurers enables you to get a competitive quote instantly for your business.
If you wish to obtain a quote for Professional Indemnity Insurance cover, simply click on the 'Get a Quote' button. You will be able to get an instant online quote for your business insurance alternatively you can download an interactive proposal form which can be sent to us to obtain a Professional Indemnity Insurance quote for your business. This can be sent via fax, email or post.
We are happy to provide PI quotes as well as help and advice for companies in the UK or anywhere else in the world. Professional Insurance Agents Ltd are also able to provide Directors and Officers Liability Insurance and other business commercial covers.
Professional Indemnity Insurance FAQs
A Professional Indemnity policy will cover financial loss, personal injury and property damage which results from a negligent act, error or omission while you are working for a client.
A policy covering financial loss, personal injury and property damage which results from a negligent act, error or omission.
A Professional Indemnity policy may cover you for areas such as libel and slander, professional neglect, malicious falsehood, passing off copyrights, breach of confidentiality, and negligent statement or actions. In business, mistakes are likely to happen. Errors can lead to a mountain of legal fees and compensation fees if someone such as a client suffers a financial loss.
Some professional organisations and regulators make Professional Indemnity Insurance compulsory for their members. If you give advice, design or offer services in a professional capacity you are seen as an expert by your clients.
Professional Indemnity Insurance costs vary. Factors taken into consideration are business class, annual turnover, claims history and risks associated with each industry. There is no average professional indemnity cost but our online premiums start from £81.00.
The cost of Professional Indemnity Insurance will depend on various factors. The level of indemnity you choose, your class of business, whether you have had previous claims are just a few factors that will be taken into consideration.
Professional Indemnity Insurance costs can vary. Factors taken into consideration are business class, annual turnover, claims history and risks associated with each industry. There is no average Professional Indemnity cost but our online monthly premiums start from £7.56.
Think about the worst happening. What would you need to pay in compensation and legal fees? The larger the size of your clients, the higher the risk which means you will need to consider more cover.
It’s worth considering the best cover you can afford as the cost of different indemnity limits can be minimal. To provide an example, cover for £250,000 could cost £350.00, while £1,000,000 could cost £650.00. Paying £300.00 more could provide you with an extra £750,000 of cover.
Every business requirement is different. A Professional Indemnity policy needs to cover the legal costs and total rectification costs of your negligence. Check your contracts because there may well be a specified limit of cover required for you to undertake the contract. Check with any regulatory body as they may request that a specific amount of cover be held. Think about the worst case scenario and how much it would cost to put right.
Any professional giving advice or providing a service to their customers.
At Professional Insurance Agents we know that PI cover is essential for any business and that it will help to defend you against claims of loss of client data, documentation or negligence.
If you need any help with the completion of your application or advice on obtaining PI or Directors and Officers Liability Insurance, in the UK or abroad, please call telephone number +44 (0) 1323 648000 or e-mail us on info@professionalinsuranceagents.co.uk.
We are really proud of the service we provide to you: We combine a traditional high-quality broking service, with an online Multiquote & Buy facility for a range of commercial insurances. This means that whether you have a complicated or overseas requirement, or you are a local SME, we will always provide the right level of service.