You may believe that Professional Indemnity Insurance is only for certain of ‘high-risk’ professionals. In our experience, many people mistakenly believe that PI insurance only applies to architects, accountants, engineers, lawyers or doctors. However, that’s simply not true. Furthermore, some people incorrectly believe that because they are only a small business they don’t require professional indemnity. In fact, if you are set up as a sole trader, contractor, consultant or freelance professional you still need to consider professional indemnity insurance. So, how do you figure out who needs professional indemnity insurance?
Start by asking yourself these 3 questions:
If you answered yes to one or more of these questions, you need Professional Indemnity Insurance.
The list of professional consultants or businesses that have a professional indemnity exposure is wide-ranging. Many are listed below:
In short, if you provide any service that is relied upon by other people or businesses, you may need professional indemnity insurance to protect you. In fact, not having Professional Indemnity Insurance often represents a very serious business risk.
If you are confused about who needs Professional Indemnity Insurance and your occupation appears on the list above, get a free online professional indemnity quote. To do so, just visit our free online insurance quoting tool for a free, instant, no-obligation online quote.