Professional Indemnity Insurance

Professional indemnity insurance, also known as PI insurance or indemnity insurance, can help protect you if claims are brought against you by a client due to a problem with work you have done for them.

Professional indemnity policies will offer cover for compensation you may need to pay to correct a mistake or cover any legal costs due to negligence, such as giving incorrect advice or making a mistake in your work.

You may need professional indemnity insurance if you:

  • Provide advice to your clients.
  • Handle data belonging to a client or business.
  • Are responsible for a client's intellectual property.
  • Provide a professional service and could be challenged on your work. You may feel confident in the quality of your work, but any small business is vulnerable to a claim of negligence when professional advice or services fail to meet a client's expectations and cause financial loss.

Why choose Magnet for Professional Indemnity Insurance?

  • As a broker we are able to search the insurance market from a range of industry-specific policies to suit the risks you face in your profession.
  • Choose from several limits of professional indemnity insurance cover, up to £10 million.
  • You can pay for your premium in full or opt for monthly payments by direct debit (subject to annual interest)
  • No administration fees - make changes to your policy at anytime.
  • Quotes are often available within 24 hours and sometimes without the need for a pre-completed proposal form.

For further details please contact us on 01636 858249.

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