Professional Indemnity


Whilst it is commonly misconstrued as insurance only needed for architects and solicitors, professional indemnity, or PI insurance, is in fact a broad civil liability cover required across a broad spectrum of professions. Whether it’s a home you’re building or a website, if your job entails consultancy, design or working to specification, you have a PI risk.

PI insurance is designed to protect you in the event that damages are awarded against you for a breach of civil liability arising from your business activities. The policy will also cover your legal defence costs, even when the action being defended is spurious and ultimately unsuccessful.

Key Points

  • Defence costs
  • Professional negligence
  • Claims arising from breach of contract
  • Defamation – libel and slander
  • Breach of confidence
  • Unintentional infringement of intellectual property – e.g. copyright
  • Loss of documents
  • Indemnity limits from £100,000 to £10+ million

Whilst you may hold public liability insurance, this exclude claims for professional negligence and also restricts cover to accidental injury or property damage whereas professional indemnity cover would indemnify you for claims arising from financial losses.

Using our expertise in this key area of insurance, Firth & Scott can help you to identify areas for which your business may require this cover and provide you with a policy selected from a wide range of insurers which is most suited to your business.