Professional 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.