Professional Indemnity Insurance Overview
In today’s professional world, mistakes or perceived negligence can result in costly lawsuits and damage to
your reputation. Professional Indemnity Insurance protects professionals—such as
consultants, lawyers, architects, engineers, accountants, and medical practitioners—against claims
from clients for financial losses due to errors, omissions, or negligence in the course of their work.
What Does Professional Indemnity Insurance Cover?
Errors & Omissions
Protection against claims resulting from mistakes or oversight in professional work.
Negligence Claims
Covers costs if you’re accused of providing substandard services or advice that caused loss.
Legal Defense Costs
Covers legal fees incurred when defending against client lawsuits or allegations.
Defamation & Breach of Duty
Protects against claims of libel, slander, or breach of professional duty.
Why Choose Professional Indemnity Insurance?
- Protects your professional reputation against costly claims
- Covers financial risks of errors, omissions, and negligence
- Ensures peace of mind while dealing with clients and contracts
- Required by many regulatory bodies and professional associations
- Safeguards against unexpected legal costs
Why Professional Indemnity Cover Matters
| Without Cover |
With Professional Indemnity |
| Personally paying for lawsuits and settlements from unhappy clients |
Insurance covers settlements and compensations, saving you from financial ruin |
| Reputational damage due to inability to defend professionally |
Legal defense costs covered, enabling strong representation |
| Difficulty in securing large contracts or tenders |
Proof of PI cover builds client trust and meets tender requirements |
Frequently Asked Questions
Professionals such as lawyers, consultants, accountants, engineers, architects, and medical practitioners benefit most, but any professional offering expert services should consider it.
In many professions, it is either legally required or mandated by professional associations, especially in fields like law, healthcare, and engineering.
Public Liability covers physical injury or property damage to third parties, while Professional Indemnity specifically covers professional errors, omissions, and negligence that cause financial loss.
