Professional indemnity insurance
Specialist professional indemnity insurance tailored to you from as little as £6 a month
Fast, easy online quote in just 90 seconds
Interest free direct debit
No hidden fees or cancellation charges
Cover starting at just £5 a month
Frequently asked questions
Do I need professional indemnity insurance?
If you provide advice, designs or any other professional service to your clients, you should give serious consideration to professional indemnity insurance. Without it, you could be liable for thousands of pounds worth of legal fees and compensation payments payable to your client if you are found to have been negligent in your services to them.
In addition, many clients will require you to have professional indemnity insurance in place in order to begin work on a contract, or your industry association's membership requirements may stipulate that you must hold a minimum limit of cover.
What kind of claims does professional indemnity insurance cover against?
Professional indemnity insurance claims can be wide-ranging, but some examples are given below:
Management consultant - a business plan provided to a client doesn't deliver the expected results. They claim against you for their financial loss.
IT contractor - a website, application or software provided to your client isn't fit for purpose. They claim against you for the cost of putting the mistake right.
Fitness professionals - a client injures themselves during a session. They make a claim against you alleging that you failed to properly explain how to perform the exercise.
Photographers - a client alleges that the photographs taken aren't suitable for use, or a memory card corrupts and you lose all the day's shots. They claim against you for the cost of re-organising the shoot.
Teacher/tutor - a client doesn't achieve the necessary grades to pass their exams. They claim against you for the financial losses suffered.
I need professional indemnity insurance to secure a contract - do you provide proof of cover?
Yes. When you purchase professional indemnity insurance with Markel, a proof of insurance document is emailed to you instantly detailing the cover you hold with us. Many of our customers arrange cover with us in order to meet the insurance requirements of clients, agencies and other parties. This document will help you show that you have the appropriate cover in place to start work.
I only need cover for a few months - do you offer short-term policies?
No. All our policies last for 12 months, and there is a reason for this.
Professional indemnity insurance is underwritten throughout the industry on what's known as a 'claims made' basis. This means that the policy must be live at the time the alleged negligence took place and also when we are notified of the claim by you.
In effect, it means that if you cancel your professional indemnity insurance and a claim is brought against you by a client from a previous contract, you won't be covered.
If, however, you maintain continuous cover between contracts, you will have the peace of mind that if a claim is brought against you relating to work previously carried out, you'll be covered.
What limit of cover should I choose?
Many clients and industry bodies with regulatory requirements will require you to have a minimum level of cover in order for you to undertake a contract, so it's worth checking this before you . If you're unsure, or it's the first time you have arranged cover, give some thought to a worst-case scenario and the likely costs involved in putting your mistake right. We offer professional indemnity insurance for over 200 professions and, with limits ranging from £50,000 to £5m, you are guaranteed to find the right cover for your business.
Why should I insure with Markel?
Established over 25 years ago, we're experts in professional indemnity insurance and specialist in cover for contractors, consultants, freelancers and self-employed professionals.
We're regulated by the Financial Conduct Authority and Prudential Regulation Authority, and you can view our details on the Financial Services Register. We're a division of Markel International, a Lloyd's and London market insurer that wrote gross premiums of £850m ($1.05 billion) in 2016.
We're proud to have been named Claims Team of the Year at the Commercial Insurance Awards 2016. We know how much disruption a claim can bring to your life, which is why we aim to deal with all claims fairly and swiftly.
Still not sure? Call us on 0800 640 6600 - one of our insurance experts will be more than happy to answer any questions you have and talk you through the insurance we offer so you can choose the right cover for your business. Alternatively, get an online quote in 90 seconds now and call us later if anything needs clarifying.