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What is Professional Indemnity Insurance?
Professional Indemnity Insurance covers loss caused by breach of professional duty, or negligent advice given to third parties. Losses can result from injury, damage to property or financial loss.
Who requires Professional Indemnity Insurance?
Anyone giving advice or designing in a commercial capacity needs Professional Indemnity (PI) cover.
Some professions are required by their regulatory bodies to carry PI cover in order to trade. Occupations such as solicitors, accountants, chartered surveyors, financial advisors and insurance brokers fall into this category.
For other related insurance visit our liability insurance section.
