Professional Indemnity Insurance
Keep your business safe and protected
If you give advice or offer a professional service, you may need professional indemnity insurance. Indemnity insurance can cover the costs involved with giving wrong, negligent or misleading advice. Even if the mistake was not yours, it can be costly to defend these type of claims.
Common professional indemnity claims are:
- Clients claiming compensation if there’s a mistake in the advice you’ve given.
- You could face claims if you accidentally disclose data or infringe on a client’s legal rights.
- In case you make a mistake in designs, plans or calculations.
Many clients will need you to have professional indemnity insurance in place before you can start working for them.
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Who needs Professional Indemnity Insurance?
Any business that provides a service or gives advice could need Indemnity insurance the occupations that typically need professional indemnity include;
- Business consultants
- IT consultants
- Media industry professionals
How much professional indemnity cover do I need?
The level of cover you’ll need will depend on the risks involved with your business and who you do work for.
You need to consider how big are your clients and how expensive would it be to fix any issues or pay compensation for any claims.
It is also important you check what your clients need you to have as part of your contract with them. You may also find that some professional bodies will have rules about how much cover you need to be a member.
With Halifax Business Insurance you can choose indemnity limits from £250k to £5m so you can get the cover you need.
Do clients visit you? Do you visit clients?
If you do then you may want to also consider public liability insurance cover.
Public liability can cover an accident in your work area such as slip, trips or falls. It can also cover incidents that occur while doing business offsite, such as damage to your clients property.
For more information, or to get a combined liability and indemnity quote call 0345 241 3410. Lines are open Monday to Friday 9am-6pm.
Need other covers to protect your business?
Need other covers such as Public Liability, Contents Insurance and tool cover to protect your business?
For advice and guidance on the cover you need to protect your business call 0345 241 3410 and speak to specialist insurance advisers who will help you get the cover you need.
Lines are open Monday to Friday 9am-6pm.
Insurance covers are subject to the individual terms, conditions and exclusions of the insurer providing them. Always review the policy documentation supplied during the quote process to ensure you have the cover you need.
Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.
Halifax is a division of Bank of Scotland plc, and is an introducer to Arthur J. Gallagher Insurance Brokers Limited who arrange and administer Halifax Business Insurance Services and source products from a panel of insurers.
Halifax is a division of Bank of Scotland plc. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Bank of Scotland plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628.