Professional Indemnity
Professional indemnity insurance helps protect your business if a client claims they have lost money because of your work.
This can include mistakes in advice, design errors, missed deadlines, inaccurate reports or the accidental sharing of confidential information. Even minor oversights can lead to expensive disputes, especially when clients have relied on your professional judgment.
If a client alleges negligence or an error in your services, this Professional Indemnity cover helps you with legal representation, compensation and the cost of putting things right. It supports cash flow during a stressful time and helps protect your reputation. Many regulators, industry bodies and clients require it before work begins, making it an important safeguard for any business that provides specialist knowledge or handles sensitive data.
We work exclusively with FCA-authorised insurers, giving you the peace of mind that your cover is held to recognised industry standards.
Why Choose this Cover?
Professional indemnity insurance provides a financial safety net if something in your work goes wrong and a client holds you responsible. It helps with legal costs, settlements and claim investigations, plus it allows you to choose a level of cover that reflects the nature of your services. You also gain practical support throughout any claim, helping you resolve issues quickly and professionally.
Choosing a Limit
Most policies offer a range of limits and the right choice depends on the type of work you carry out. Some professions have set requirements, so it helps to review any contracts or industry rules before deciding. If a project could lead to a significant loss for a client, choosing a higher limit can give you more protection without adding much to the overall cost.
What’s Included in Our Professional Indemnity Cover?
Claims of negligence or mistakes in your work
Protection if a client says your advice, designs, reports or services caused them financial loss.
Legal defence and settlement costs
Help with solicitors, court fees, negotiations and any compensation you are required to pay.
Breach of confidentiality
Cover for situations where sensitive information is shared, emailed or accessed by the wrong person by accident.
Unintentional copyright or intellectual property issues
Support if you accidentally use protected work such as text, images, branding or creative assets without realising they are owned by someone else.
Deliberate wrongdoing or fraud
Claims that arise from intentional harm, dishonest behaviour or knowingly giving incorrect advice.
Physical injury or damage to property
Professional indemnity focuses on financial loss. Claims involving injuries or damaged belongings are covered by public liability insurance instead.
Product recalls, refunds or faulty goods
Costs linked to fixing or replacing defective physical items, refunding customers or dealing with product recalls are not included.
Contractual fines or penalties
Losses caused by fines, penalties or fees imposed for missing contractual obligations without a related negligence claim are not covered.
Why Icon Risk
✓ Honest, easy-to-follow advice
✓ Personal broker support with fast quotes
✓ Clear guidance & outstanding customer service
✓ Policies with FCA-authorised insurers
✓ Experienced in the needs of UK businesses
✓ Fast responses throughout every stage of a claim
✓ Options for new and established businesses
✓ Bespoke cover so you only pay for what you need
FAQ’s
What is professional indemnity insurance?
Professional indemnity insurance protects you if a client claims that your services caused them financial loss. It can help with legal costs, compensation and the cost of correcting the problem.
Who needs professional indemnity insurance?
Any business that provides advice, designs, analysis, consultancy or specialist services should consider this cover. It is common for consultants, designers, accountants, IT specialists, engineers, surveyors and many other professions.
Is professional indemnity insurance a legal requirement?
It is not required by law in the UK. However, many regulators, trade bodies and clients insist on it before you can work with them.
How is it different from public liability insurance?
Professional indemnity deals with financial loss caused by your professional services. Public liability covers injury or property damage suffered by members of the public. They protect you from different kinds of claims.
How much professional indemnity cover do I need?
Your limit should reflect the value of your work and the potential cost of a mistake. Some industries specify a minimum level and some clients require a particular amount within their contract.
Does it cover remote and home-based work?
Yes. If you provide professional services, you can be held responsible for your work regardless of location.
Will professional indemnity cover protect me after a project ends?
Claims can arise months or years after work is completed, so maintaining continuous cover ensures you remain protected for past projects.