What is Professional Indemnity (PI)?

Professional Indemnity covers you and your business for any professional errors which may occur. Usually a PI policy is purchased by anyone who gives advice in return for a payment, such as:

  • An architect
  • Business consultant
  • Surveyor
  • IT consultant
  • Engineers
  • Solicitors
  • Accountants

As the job role will entail giving out advice to customers, if any of the advice given to clients is incorrect or negligent and the client at hand faces a financial loss, then a PI policy will benefit you as it will cover the cost of any legal fees and any compensation which is due to the client.

Professional Indemnity can cover:

  • Professional negligence such as making a mistake on a piece of work for a client or giving inaccurate advice
  • Unintentional breach of confidentiality and/or copyright
  • Defamation and libel
  • Loss of documents or data
  • Loss of money or goods (your own or for which you are responsible)

 

Many clients and industry bodies with regulatory requirements will need you to have a minimum amount of cover, so be sure to choose a suitable limit. We offer professional indemnity insurance for over 200 professions. Our cover ranges from £50,000 to £5M.  Here at JSW Insurance, we can provide you with various competitive prices which can be designed to suit your needs, just simply get in touch today to get a quote.

Professional Indemnity Professional

What to expect from JSW Insurance?

  • Save money on your premium
  • Quick & reliable responses to any queries
  • Support & help if you need to make a claim
  • Save time as we ‘shop the market’ for you
  • Local, experienced team