What is Professional Indemnity Insurance?
A type of insurance that provides cover for claims against you and/ or your company for negligent acts of you and/ or your company’s professional responsibilities when providing a service.
Professional indemnity insurance protects your business if you become legally liable to a member of the public (usually a client) following an error or omission in the professional advice, design, certification or service you have provided them with and as a result, they have suffered a financial loss.
How Professional Indemnity Insurance Works
Professional Indemnity Insurance cover is important for any business or profession where advice is provided to a paying client or customer.
Having professional indemnity insurance can cover claims made against your business in a range of instances including negligence or a breach of duty of care, defamation, confidentiality or copyright breach, misrepresentation and damage or loss to any client documents.
Without it, your business will not be protected from the financial and legal costs you may be liable for as a consequence of any violation made by you or your business.
Benefits of Choosing Campion for Professional Indemnity Insurance
Our professional indemnity insurance experts are ready to help
Ensure you get the cover most suited to your needs
Save You Money Whenever Possible
We research the market to get the most cost-effective solution
Professional Indemnity Insurance FAQs
No, professional indemnity insurance is not a legal requirement for all businesses. It is mainly needed for certain types of business and professions i.e. professions that provide advice to
However, for many professions, such as chartered accountants and surveyors, architects and financial advisors, it’s a mandatory requirement of their regulatory or professional body. Without PI insurance, such professions cannot operate.
Professional indemnity insurance covers claims made by clients or customers for professional negligence or mistakes, whereas public liability insurance covers claims made by members of the public for injury or damage.
A claims-made policy will pay out for any valid claim made during the policy period – typically 12 months, regardless of when the incident or alleged breach of duty actually occurred. This would be the norm for professional indemnity policies.
On the other hand, a claims-occurring policy means it will only pay out for claims that arise out of loss or damage that actually happens during the (typically 12-month) policy period.
Why Choose Campion for Professional Indemnity Insurance?
35+ years experience
11 offices throughout the country
Winner of the Deloitte Best Managed Companies for over 10 years
High customer retention rates
Campion Insurance customers are at the forefront of everything we do. We know that each case and circumstance requires personalised care so that you know you’re getting the best possible cover for you and your business.
You’re running a business which has its challenges no matter what. At Campion, we can provide you with the solace of knowing that, should any instances arise leaving you exposed to financial liability, you are covered with the right professional indemnity insurance.
Relieving your worries and supplying that comfort is priceless. However, with Campion Insurance we secure the best possible price on the market.
That’s not all. Our specialist team is prepared to provide you with tailored cover options and benefits to fulfil your requirements.Request a Call Back
Our expert team is ready to offer advice to you today. We talk to a wide range of insurance companies to choose the right plan to cover your needs.