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Professional indemnity insurance Compare and save
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Up to £10 million worth of cover
You can get up to £10 million worth of public liability cover for all members of the public that interact with your business.
Protects your business against liability claims
Covers your business against legal fees, expenses, and compensation claims made against your business. This protects against injury or damage to people's property.
Available for all types of SME business
From an initial analysis to managing your account, we'll always be on hand to offer help.
Protect your excess
In the event of a claim, you normally need to pay an excess before the insurer will reimburse you. For a small cost, this cover will reimburse you for your policy excess if you need to claim.
1. Specific policies
Certain professions may require specific policies tailored for their jobs – such as accountants, surveyors, engineers and many more.
2. Optional extras
Indemnity insurance available with monthly instalments.
3. Unusual businesses
If your business doesn’t tick all the usual boxes we will do our best to find you the right solution.
Limit of indemnity available from £100,000 upwards
A guide to professional indemnity insurance
If your business is looking to find out more about professional indemnity insurance, our useful guide will help. Whether you are looking for a professional indemnity insurance definition or the best price for your policy, we will help.
What is indemnity insurance?
One of the most common questions business owners ask is ‘What is professional indemnity insurance?’
Professional indemnity insurance is designed for businesses that provide professional advice or services. It helps to protect you against potential negligence claims by clients or customers. It is always advisable to take out professional indemnity (PI) insurance if you give professional advice to customers or deal with sensitive or confidential data.
If your business provides a product or service, there is a chance that your customers may need to claim against you. For example, if they suffer a loss as a result of an error, negligent act or omission made by you. However unlikely, if a client claims against your business, indemnity insurance will provide the protection you require.
What are the benefits of professional indemnity cover?
Professional indemnity insurance, or PI insurance, will cover financial loss to a third party resulting from a negligent act, error or omission on your behalf. There are different levels of cover to choose from. The types of claims that are covered include:
- Negligence – If you offer incorrect professional advice or make a mistake.
- Defamation – If you support or make statements defaming your client.
- Breaching confidence – If without permission you share sensitive information.
- Breaching copyright – If your business infringers copyrights, intellectual property or trademarks.
- Damaging or losing documents – If you damage or lose important client documents.
- Employee cover – If an employee of your business commits a malicious act which results in a loss for your client.
- Court attendance – Any costs associated with you or your employees attending court in relation to a claim.
- Advertising – If your business makes a statement which cannot be substantiated.
More about professional indemnity insurance
What are the benefits of comparing with us?
Comparing professional indemnity insurance with Compare Switch offers many benefits, including:
- Competitive premiums
- Exclusive deals
- Compare top insurers
- Cheapest deals available
- Insurance available with monthly instalments
- Cover up to £5 million
We know that you are looking for a simple way to compare policies and arrange the best insurance cover. So, once you receive the best quote for your specific indemnity cover requirements, it is possible to buy the policy online. If paying for the full premium up front is not manageable for your business, it is possible to pay via monthly instalments.
Whether you are looking for small business professional indemnity insurance or large limited company professional indemnity insurance, we can help. Whatever your trade or business size, there are a wide range of cover options available to provide the protection you need. To find out more about business insurance or to find the best quote, please contact our team today.
