Professional Indemnity Insurance Policy


Professional services provide advice in their individual areas of expertise. Whilst you may be an expert, in the increasingly litigious society we live in, there is always a chance that your advice could be challenged. Or worse, a claim of negligence bought against you. A claim against the work or services you have provided will cause disruptive ripples throughout your business. This applies regardless of whether the claim is successful or not. As a result, if you are providing expertise, skills or advice, you should consider professional indemnity cover. From sole traders to freelancers, contractors, limited companies or limited liability partnerships, P I cover is important to look into.

What is professional indemnity insurance?

Professional indemnity insurance (PI) is also known by the term ‘Professional Liability Insurance’. This is a type of commercial insurance policy that protects business owners from a claim against them of inadequate services. For example, customers could try to sue you for negligence that ended up costing them money. Likewise, customers can also claim you gave the wrong advice that resulted in a loss of income. As customers have the right to sue the person or business offering professional services or advice, P I cover is an effective safety net. Professional indemnity insurance was put in place to help safeguard service-based businesses.

As we offer a wide range of commercial insurance plans, we get customers from all business sectors seeking our advice and solutions. Our team of chartered insurance brokers have expert knowledge and are here to help in any way we can. Some sectors that our clients with professional indemnity cover work in include:

  • Accountants
  • Solicitors
  • Architects
  • Barristers
  • Training and Development
  • Actuary
  • Investment Banking
  • IT Consultancy
  • Financial Planners
  • Engineers
  • Surveyors

Finding you a comprehensive solution

At Alan & Thomas, we strive to become a key professional advisor for each of our clients. Despite the fact we are confident in the quality of the advice we give; we still have a professional indemnity insurance policy just in case! As chartered insurance brokers, we will work closely with you to access your needs and manage risks. This will help us to understand whether your business requires professional indemnity cover. If so, we will find you a range of P I covers on the market that are suitable for your requirements. As with your commercial insurance that covers your employers' liability and public liability amongst other things, the level of cover you need depends on the risks your business is exposed to. In some cases, client contracts dictate the minimum level of professional indemnity cover you require. So, it's always good to identify this as a starting point.

Keep your business safe when the unexpected occurs

A professional indemnity insurance policy will help your business survive beyond the court case. In the event of a costly claim, P I cover offers you financial assistance. We cannot stress the importance of ensuring you have looked into all of the types of commercial insurance covers. Some policies are worded to sound similar but unless it’s stated in your plan, you are not protected. This means you and your business could end up paying for more than you anticipated.

Don’t leave it to chance. Speak to one of our specialist chartered insurance brokers today. Whether you have an existing professional indemnity cover you want to review or add to your plan, we can help. We can also recommend other suitable covers that you may not have been aware of. To get in touch with us, email You can also speak to us directly about professional indemnity insurance by calling 01202 754900.

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Contact Us

If you have a question about Professional Indemnity Insurance or if you would like a quote for your professional services company, Steve is here to assist:

Steve Callen
01202 754931