Professional Indemnity Insurance

Professional Indemnity (PI) insurance protects against claims alleging professional negligence/breach of professional duty. It covers damages payable as well as legal costs incurred in defending a claim.

The scope of cover provided by different policies varies significantly, with some products not suitable for certain firms or professions. This is a specialist area of insurance and should be arranged through a broker with particular expertise.

Who should have PI insurance?

Any person or business that provides advice or services of a skilful character according to an established discipline may have a professional negligence exposure and therefore should maintain professional indemnity insurance.

Why choose Insurance Lab for your PI insurance?

Professional indemnity insurance is a complex insurance product, and we have made it the focus of our expertise. We have the skills to best present your business to insurers and to negotiate the optimal outcome for you.

Unlike some other brokers, we do not act for insurers or have preferential relationships with specific insurers. We represent you, our client, and act as your agent. We have access to more than 25 different providers, enabling us to negotiate an appropriate and competitive insurance package for you. For many of our clients an off-the-shelf product would not adequately protect their business – we negotiate bespoke policy conditions and amendments when required.

And we offer risk management analysis: we identify and analyse your risk, review your risk management policies and procedures, and provide strategic advice on areas of improvement. Better managing risk within your business helps us in presenting your business to the insurance market and securing the best terms for you.

How to apply:

To enable us to gain a better understanding of your business and objectives, we encourage you to call and speak to one of our specialist consultants prior to completing your application form.

All application forms are available for download on the right hand side of this page or on the application forms page. Please select your profession if available. If your profession is not listed, please use the general use form under ‘Other Professions’.

You can also download the Instructions here.