Professional Indemnity Insurance
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What is the difference between Professional Indemnity Insurance & Public Liability Insurance
Last Updated: June 5, 2025Professional Indemnity (PI) and Public Liability (PL) are both important insurance covers, but they protect you in different ways. Professional Indemnity Insurance covers claims that arise from the advice or services you provide, like an error in a report, a design flaw, or a breach of professional duty. This cover is essential for consultants, designers, engineers, and anyone offering professional expertise. Public Liability Insurance, on the other hand, covers injury or property damage caused by your business activities, like someone tripping over something in your office or damage caused to a client’s property during a site visit. In many cases, professionals will need both types of cover. Professional Indemnity protects your work, while Public Liability protects your day-to-day operations and activities.
What is Professional Indemnity Insurance
Last Updated: June 4, 2025Professional Indemnity Insurance (often called “PI”) is designed to protect professionals who provide advice or services to clients. If someone claims your advice caused them financial loss or harm, this cover can help with legal costs, investigation expenses, and even compensation payouts. It’s particularly important for consultants, designers, engineers, and other service-based businesses where mistakes, omissions, or breaches of duty can have a ripple effect. Even if the claim has no merit, you’ll still need to defend yourself, and that can be expensive. Most PI policies operate on a “claims made” basis, meaning the policy must be active when the claim is made, not when the work was done. Keeping continuous cover is critical. To obtain a quote or learn more about professional indemnity insurance, please get in touch with our team.