Professional Indemnity Insurance

Help protect your business against claims from clients for loss of revenue following claims of negligence or malpractice. Professional indemnity insurance is there to cover legal fees for defending your claim, as well as compensation, expenses and other costs you may be liable for.

Professional Indemnity Insurance solutions from Gallagher

Professional Indemnity Insurance solutions from Gallagher

Bank of Scotland Business Insurance Services are arranged and administered by Arthur J. Gallagher Insurance Brokers Limited. When you get a quote online, you’ll be taken to the Gallagher website, with a different cookie and privacy policy.

Get a quote for Professional Indemnity Insurance

Get a quote for Professional Indemnity Insurance

Once you’ve given us your information, Gallagher can approach a panel of insurers and we will aim to be in touch to discuss your quote within 24 hours (or the next business day).

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What is covered by Professional Indemnity Insurance?

Professional indemnity insurance is used to cover against mistakes and errors in your advice or work that can impact a client. It covers things like financial loss, reputational damage or loss of confidential data.

Examples of the actions and accusations which may cause a client to seek legal costs and compensation, and which are covered by professional indemnity insurance, include:

Negligence

You may be liable for professional negligence if you make mistakes, give bad advice or fail to act upon something. If an act of negligence loses money for your client, they might take action for compensation.

Intellectual Property Infringement

If work you’ve produced for a client infringes on the work of someone who holds the copyright, they may sue your client.

Unintentional Defamation

You might make a statement that a client considers damaging to their reputation, causing them to seek compensation. Having Professional Indemnity Insurance can contribute to the costs of legal expenses.

Cyber Cover

Your work might involve accessing sensitive or confidential client data. The accidental loss or damage of data, or leaking it, might damage your client’s reputation. They might then seek compensation.

Keep in mind

Keep in mind

Cover is subject to the terms, conditions and exclusions of the insurer. Make sure you are applying for the cover you need by checking the policy documentation you’re given during the quote process.

Talk to an insurance specialist

Talk to an insurance specialist

Call 0345 377 0001

Lines are open Monday - Friday, 9am - 6pm, excluding bank holidays. 

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Is Professional Indemnity Insurance Right For Me?

Your business relies on providing a professional service to clients. You might want to consider professional indemnity insurance to cover potential costs if you’re found liable for negligence or any errors you make. Although you’re not legally required to hold this type of insurance, some clients might insist on having it in place before they’re willing to work with you. It might even form part of the conditions of a service contract if you’re dealing with sensitive or confidential data.

What Types of Job Need Professional Indemnity Insurance?

If your job is to offer advice, create or design for a client, or provide a professional service, you may benefit from arranging professional indemnity insurance.

Some industries may require you to have it in place before a client will sign a contract to agree work, including management consultants, surveyors and engineers.

How Much Does Professional Indemnity Insurance Cost?

The cost of professional indemnity insurance premiums varies depending on the size of your company and the industry you work in. Larger businesses working with more clients could be more likely to face a claim. Whether or not you work in an industry that poses more risk of mistakes or negligence, causing clients significant financial losses, also affects costs.

How Much Cover Do I Need?

There isn’t one set amount of professional indemnity insurance for everyone. Every business is different. Think about the following as you consider the amount of cover you need:

A client’s requirement for you to have the cover in place before starting work.

The types of contracts you have and the size of your clients.

The risk of the industry your clients work in – some professions may call for a higher amount of cover than others.

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Call 0345 377 0001

Lines are open 9am to 6pm. Monday to Friday, excluding bank holidays.

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