Professional Indemnity Insurance
At get indemnity™ we're a specialist PI insurance broker with access to the wholesale market
Get indemnity™ professional liability
Professional Indemnity (PI Insurance)
Compare business insurance for a breach of professional duty in an increasingly litigious environment
At get indemnity™ professional indemnity insurance quotes start from £322 annually or £26.83 monthly for a £1 million limit. Below we provide some background about the product and explain how professional indemnity can offer financial protection.
Get indemnity™ professional liability
Our professional indemnity online application is simple to complete and validates your company information from third party data sources. We may require you to complete a full proposal form depending on upon what services you offer.
What is professional indemnity insurance?
The business insurance will pay legal costs incurred in defending allegations and pay damages from any award or settlement. We've produced a useful guide called: Who needs professional indemnity insurance? Explained 1O1
Who needs professional indemnity insurance?
However, professional indemnity insurance should be considered for any organisation where advice, professional, or technical services are offered to a client. If you're unsure, contact us and we'll happily discuss your individual requirements.
How much does professional indemnity cost?
At get indemnity™ professional indemnity quotes start at £332 per year or £26.83 monthly for a £1 million limit. With a number of factors potentially impacting the availability and pricing we've produced a guide: How much does professional indemnity insurance cost?
How does a professional indemnity policy work?
The mechanics of a professional indemnity policy can differ, so it’s important to appreciate the difference and whether you're required to purchase a specific type. We’ve produced a useful guide: How does a professional indemnity insurance policy work?
What professional indemnity insurance covers?
Negligence
Civil Liability
Breach of Contract
Defamation
Breach of Privacy
Intellectual Property Infringement
Some policies may include Employee Dishonesty and Loss of Documents under an extension. Note professional indemnity insurance definitions and coverage vary from policy to policy, therefore it's worth considering whether the specific cover meets your needs.
Get indemnity™ professional guides:
How much professional indemnity should we buy?
The size of contracts you undertake offer an indication of how much professional indemnity you should buy because an unsatisfied customer will typically claim the contract value.
Minimum amount of professional indemnity
The minimum amount of professional indemnity you can buy is £100,000, however you should consider the additional cost of buying an increased limit. The most common amount bought by small businesses is £1 million.
Please note the amount you purchase, may not be suffcient to cover the cost of future claims. We recommend you compare more than one option to appreciate the cost to increase your limit. Get professional indemnity quotes by completing our digitial onboarding process.
Professional indemnity insurance claim examples:
Impact of professional indemnity allegations
Errors and omissions (E&O) insurance
Errors and omissions (E&O) insurance is an alternative name for professional indemnity or professional liability, however it is more commonly referred to errors and omissions within North America and certain classes of media liability insurance, such as T.V & Film.
Leading professional indemnity providers:
Leading PI insurance providers include: AIG, Allianz, Aqueous, AXA, Beazley, Chubb, CFC, CNA Hardy, Hiscox, Markel, MPR, Nexus, Tokio Marine, and QBE.
How to compare professional indemnity quotes?
At get indemnity™ we continue to see stable market conditions with reductions in premiums for some industries. However, there have recently been signs of a hardening market with a reduction in the number of competing insurers.
This guide is for information purposes and based on sources which we believe are reliable, the general risk management and insurance information is not intended to be taken as advice with respect to any individual circumstance and cannot be relied upon as such.