Who Needs it?

When providing advice, design or professional services to your customers, professional indemnity (also known as also  PI Insurance and professional liability insurance) is typically regarded as essential cover.

  • Consultants and Advisors: Consultants and advisors in various fields, including management, finance, IT, and human resources, need PI insurance to protect against claims of negligence, errors, or omissions in their professional advice or recommendations.
  • Accountants and Auditors: Accountants and auditors are responsible for ensuring financial accuracy and compliance for their clients. PI insurance helps protect them from liability claims arising from errors in accounting, tax preparation, or financial reporting.
  • Architects and Engineers: Architects and engineers design and oversee construction projects, making them vulnerable to claims related to design flaws, construction defects, or project delays. PI insurance provides financial protection against claims of professional negligence or errors in design or project management.
  • Legal Professionals: Lawyers, solicitors, and legal practitioners face potential liability for errors, omissions, or negligence in legal advice, representation, or documentation. PI insurance is a crucial safeguard against malpractice claims, disputes, or lawsuits brought by clients alleging professional misconduct.
  • Medical and Healthcare Practitioners: Healthcare professionals, including doctors, nurses, dentists, and allied health professionals, need PI insurance to protect against claims of medical malpractice, errors in diagnosis or treatment, or negligence in patient care.
  • Information Technology (IT) Professionals: IT consultants, software developers, and technology service providers are exposed to risks such as data breaches, system failures, or software errors. PI insurance offers protection against claims of professional negligence, data loss, or cyber liability.
  • Creative Professionals: Graphic designers, web developers, photographers, and other creative professionals may face claims of copyright infringement, intellectual property disputes, or dissatisfaction with creative work. PI insurance helps mitigate risks associated with client disputes or legal actions.
  • Real Estate Professionals: Real estate agents, property managers, and appraisers require PI insurance to protect against claims of negligence, misrepresentation, or breach of duty in real estate transactions, property management, or valuation services.
  • Financial Advisors and Brokers: Financial advisors, investment managers, and stockbrokers need PI insurance to protect against claims of financial loss, misrepresentation, or negligence in investment advice, portfolio management, or securities trading.
  • Educators and Trainers: Educators, trainers, and educational institutions may face claims of professional negligence, breach of duty, or inadequate instruction. PI insurance provides protection against claims arising from educational services, curriculum development, or training programs.