Professional indemnity insurance

Professional indemnity insurance is designed to cover a range of issues that may arise from the information, skills and services you or your business provides:

Professional negligence

This is also known as ‘breach of duty of care’. Professional indemnity insurance covers you in the event that a client suffers loss or damage because of faulty advice.

Defamation

To defame someone is to make a false statement or do something that harms their reputation or casts their character in a bad light. Journalists, authors, TV reporters and even some celebrities, such as stand-up comedians, are most at risk from this type of claim. 

Breach of confidence

Covers you in the event that a client or customer claims they have suffered loss or damage because you have shared their confidential information without their permission.

Breach of copyright

Covers you from claims that state you have utilised copyright protected intellectual property (IP) – typically manuscripts, plans, drawings, patents, etc – without the original author’s permission. Note that you do not have to have re-used the IP for financial gain to be at risk. 

Lost or damaged documents

PI protects you in the event that a client or customer claims they have suffered financial or other loss because you have lost or damaged their important documents through accident or lack of care.

Employee cover

Covers your business from liability claims made because of fraud or dishonesty by your employees or any sub-contractors, consultants and freelancers you have hired to work on a project.