Professional Indemnity Insurance
A deep understanding of PI insurance is at the core of everything we do. Here's everything you need to know about protecting your professional practice.
What PI Insurance Covers
Professional indemnity insurance responds when a client alleges that your professional work caused them a financial loss. The policy covers:
Legal Defence Costs
Solicitors' fees, barrister costs, expert witnesses, and court expenses incurred defending a claim — even if wholly without merit.
Damages & Settlements
Compensation awarded by a court or agreed through negotiation. Your insurer pays on your behalf up to the policy limit.
Regulatory Investigations
Costs of responding to investigations or disciplinary proceedings by your professional body or regulator.
Libel & Defamation
Defence and settlement costs if a claim arises from unintentional defamation in your professional capacity.
Loss of Documents
Costs of restoring or replacing client documents lost, damaged, or destroyed while in your care.
Breach of Confidence
Protection against claims arising from inadvertent disclosure of confidential client information.
What Happens Without PI Cover?
Operating without professional indemnity insurance — or with inadequate cover — exposes your practice to existential risk. A single claim can undo decades of professional achievement.
- Legal fees start from £10,000 and can exceed £500,000 for complex claims
- Damages awards can reach millions — enough to close most practices
- Your personal assets, home, and savings are exposed to claimant recovery
- Regulatory bodies may impose sanctions for practising without adequate cover
- Clients and referral partners lose confidence in uninsured professionals
Real Risk, Real Numbers
Average high-value PI claim in professional services (2024)
Of professionals face at least one claim during their career
Average duration from claim notification to resolution
Key Policy Features
How a PI Claim Works
Understanding the claims process removes the anxiety. Here is what happens, step by step.
Notification
You notify us as soon as you become aware of a potential claim or circumstance. Early notification is critical.
Assessment
We review the facts with you, gather documentation, and notify your insurers on your behalf with a comprehensive submission.
Defence
Insurers appoint specialist solicitors. We liaise between all parties and ensure your interests remain the priority throughout.
Resolution
The claim is resolved — whether through defence, negotiation, or settlement. We ensure the best possible outcome for your practice.