Professional Indemnity Insurance
Protection for your business if you make a mistake or give bad advice

What Does Professional Indemnity Insurance Cover?
Professional Indemnity insurance protects businesses in the event that a client or other third party alleges you’ve made a mistake, given bad advice or there’s something wrong with your designs.
If a claim is made against your business, Professional Indemnity insurance will pay the cost of your legal defence and also any compensation awarded to the claimant if the court rules in their favour.
Someone can make a claim against you even if you gave your advice or services for free.
Do I Need Professional Indemnity Insurance?
Professional Indemnity insurance is mandatory for some professions. If you’re an architect, solicitor, doctor or healthcare professional, accountant, chartered surveyor or engineer, PI insurance is a regulatory requirement.
Many other professions are contractually obliged to have Professional Indemnity insurance in place before starting work with a client. This is likely to be the case for IT consultants, management and business consultants, designers and marketing professionals.
If you are a professional offering a design service, you give advice or clients rely on your expertise, it’s recommended that you cover your work with PI insurance.
How Much Professional Indemnity Insurance Do I Need?
If you are legally obliged to be covered by PI insurance your regulatory body probably stipulates how much PI insurance you need. If you’re not sure, you can check their website or get in touch with them to find out.
Equally, many clients will set out the level of PI insurance required in their contract before they start working with you.
If the amount of PI cover has not been set out for you either by a professional body or a client it can be difficult to work out how much insurance you need. This is where we can help. We will work with you to understand your business and make sure that the right level of cover is put in place.
“I have used Anthony Jones for a couple of years now and have always found them to be extremely professional.
They take the hard work out of finding a new policy and always have the best interest of the customer at the heart of everything they do.”
Cathy Durham
Property Investor
Need more
information?

Please call Tom Cowap or the team on 020 8290 9080 to talk through your Professional Indemnity insurance needs. Alternatively, you can email us at business@anthonyjones.com
FAQ’s
Some of our most asked questions, answered below:
I am a start-up business, what insurance do I need?
There is a balance between adequate and appropriate protection of the business whilst keeping initial costs to a minimum. Evaluate your business risks and the need for insurance under these 4 headings:
- Assets (both physical and intellectual);
- Revenue streams;
- Liabilities to Third Parties (including contractual obligations);
- People (your staff including their importance to the business).
Usually, a package type policy covering your physical property, annual revenues, Employer’s liability and Public/Product’s liability is required. The only insurances required by law are Employer’s Liability, Motor Liability (if you have cars/vans etc) and Engineering Inspection of lifting and pressure plant if you have them.
How much Professional Indemnity insurance do I need?
If you work in one of the professions for whom Professional Indemnity insurance is a legal requirement, the amount of cover you need may be mandated by your regulatory body. You should check on their website to find out.
Your clients may also specify within their contract the amount of PI cover they require you to have in place to protect the work you do for them.
If the amount of cover you need is not pre-determined, you can work it out by thinking about the size of projects you work on and your potential exposure to risk. We can help you calculate what this might be. Our recommendation would be to buy as much cover as you can afford.
Do I need Professional Indemnity insurance?
If your business provides advice, professional services or creates designs, it makes sense to have Professional Indemnity insurance to protect you in case anything goes wrong.
For some professions it’s a legal requirement to have Professional Indemnity insurance in place. Professions for whom it is mandatory include:
- Solicitors and barristers
- Financial advisers
- Architects
- Accountants
- Some healthcare professionals, such as doctors, vets, dentists and surgeons
- Chartered surveyors
What is Professional Indemnity insurance?
PI insurance protects your business if a client claims the advice, service or designs you provided were faulty in some way. It will cover the cost of any claim for compensation.
What is Directors & Officers insurance?
Also called D&O insurance, this covers the cost of any compensation claims your business needs to pay if a director or key manager is alleged to have done something wrong during the course of their work. This might include negligence, breach of trust, making a mistake or failing to do a task.
News
Average Cost and Common Causes of Escape of Water Claims
Escape of water is one of the most common home and business insurance claims. In this post we’ll explore the common causes of escape of water claims, discuss how much these claims might cost, and explain how you can ensure you have the cover you need for your home....
Cyber Security and Insurance Glossary
All businesses are at risk of cyberattacks. Cybersecurity insurance is fast becoming a business necessity. Yet when we talk about cybersecurity and insurance, we tend to use a lot of specific terms, some of which may be unfamiliar to you. So we put together this...
What is a Fire Prevention Plan and What Does it Need to Include?
In this post we’ll discuss some key things that should be included in your fire prevention plan. We’ll also discuss how you can best protect your business against the unexpected. What is a Fire Prevention Plan? A fire prevention plan will contain various policies and...
Is Anything More Important Than Giving Good Customer Service?
There appears to us at Anthony Jones to be a confusion within the industry about what to talk about. The insurance press, insurers and the general insurance glitterati are very active publicly about things such as (but not exclusively) Environmental Social and...
Reviews













