Professional Indemnity Insurance

 

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Combined Professional Indemnity and Public Liability cover

Get combined indemnity and liability quotes from a panel of selected insurers, to protect your business in the event of a claim.

Call 0345 377 0002
Lines open Monday to Friday 9am - 5pm

To provide this service we've chosen to work with Arthur J. Gallagher Insurance Brokers Limited, one of the UK's largest brokers.

What is Professional Indemnity Insurance

Professional Indemnity Insurance, also known as professional liability insurance or PI, provides cover to protect you if claims are brought against you by a client. PI insurance can help to put mistakes right and cover any legal costs if a client alleges you have provided inadequate service or advice.

Many professional bodies require their members to hold professional indemnity insurance and large industries and companies will more often than not, insist that you have adequate PI cover before you are able to undertake work for them.

You should consider Professional Indemnity Insurance if you:

  • give advice or offer a professional service that can be challenged
  • handle data or intellectual property
  • are considered to be a professional, specialist, expert or authority in your field

Do your customers visit your premises, or do you ever meet at their offices or homes?

If so then you may also need Public Liability Insurance to protect you in the event of an accident or injury to your customers or members of the public.

To get a combined Liability and Indemnity quote, call 0345 377 0002 to speak to specialist advisors who can advise you on the cover you need to protect your business.

Lines available from 9am to 5pm Monday to Friday

How can Lloyds Bank Business Insurance Services help you protect your business?

We know your business is important to you, and keeping it safe and secure will allow you to focus on the important day to day tasks.

To help you do this we have chosen to work with Arthur J. Gallagher Insurance Brokers Limited, one of the UK’s largest insurance brokers.

This service will provide you with access to specialist insurance advisors and a panel of leading insurers which means you can choose from a range of products to get the cover you need at the price you want.

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How much Professional Indemnity Insurance cover do I need?

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Do I need Professional Indemnity Insurance?

Professional Indemnity Insurance is designed to cover many different professions.

Reasons to Buy

  • Compare quotes from our panel
    Receive competitive quotes from a panel of leading insurers, saving you time and hassle.
  • Easy to buy
    The right insurance helps your business run smoothly. We make it quick and simple to get you the cover you need - get quotes online in minutes.
  • Protect your business
    If you give advice or offer a professional service, you may need Professional Indemnity Insurance. This insurance protects you against the costs involved with giving wrong, negligent or misleading advice. Even if the mistake was not yours, it can be costly to defend these claims.

Keep in Mind

  • To offer this insurance service, we work with Arthur J. Gallagher Insurance Brokers Limited, one of the UK’s largest insurance brokers. Arthur J. Gallagher will search a panel of insurance providers for quotes tailored to your business’ insurance needs.
  • 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.
  • For some professions or contracts, Professional Indemnity Insurance (PI) is a legal requirement. You may also be required to have PI to get membership with certain industry bodies and trade associations.
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Need advice?

Call 0345 377 0002Call telephone number 0345 377 0002 to get advice from experienced advisers on the insurance you need. The general line is available from 9am to 5pm Monday to Friday. You’ll have the option to buy your policy over the phone and request instant cover.

Examples of professional indemnity insurance claims

General claims

  • Losing or misplacing confidential documents.
  • Accidentally sending an email to an unauthorised person, leading to your client suing you for breach of confidentiality.
  • Using a copyrighted image or photo without getting the appropriate rights or licence.

Accountants

  • Advising a client regarding the transfer of funds to family members, and the client later becoming liable for paying capital gains tax.
  • Failing to carry out a required audit.

Engineers and tradesmen

  • Making a mistake in measurements that results in additional costs to rebuild, or causes damage during or after construction.
  • Installing lighting that is later found to be non-compliant with regulation, and therefore needs to be redone.
  • Designing a machine that proves inadequate to cope with the weight of items it is meant to produce.

Media professionals

  • Designing and running a direct marketing campaign, where the brochures were wrongly addressed. The client claims damages for loss of revenue.
  • Creating work using the wrong Pantone colour for the client’s logo, with client claiming costs to reproduce the work.

Estate agents

  • A client claiming that you undersold a property, and several months later it’s resold for 120% of the previous price.

Quantity surveyor

  • A surveyor forecasts cost for the construction of a number of restaurants at the start of each project. The client claims that the monthly and year-end costings and forecasts were inadequate, making the contracts non-viable.

Travel agents

  • Failing to arrange travel insurance for a client who falls ill while on holiday in Africa, claiming medical bills and expenses.

Safety consultants

  • A person injuring himself by falling from scaffolding you approved.

Interior designers

  • Designing the layout of office premises and the client claiming that this was not in accordance with their requirements.

Town planners

  • Giving the wrong advice about planning permission on a plot of land.
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Public Liability Insurance

Protect your business against third party claims of accidental injury or damage.

Find out about public liability insurance

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Working from Home Insurance

Cover for businesses that are run from home including cake makers, tutors, ebayers, designers, consultants and many more.

Find out about working from home insurance

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Office Insurance

Can include building and contents insurance, computer cover in addition to cover for Public and Employers liability. Cover for business interruption can also be provided.

Find out about office insurance

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Need Advice?

If you’re not sure what you need, call to speak to experienced insurance advisers, to get the Indemnity and liability insurance you need.

0345 377 0002Call telephone number 0345 377 0002

Lines available from 9am to 5pm Monday to Friday

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