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What Is Professional Indemnity Insurance?
Professional Indemnity Insurance protects your business if a client suffers financial loss due to your advice, services, or actions. Whether it’s a mistake in your work, a breach of confidentiality, or unintentional misuse of intellectual property—this cover ensures you’re not left facing hefty legal fees or compensation claims out of pocket.
At PRMS Ltd, we specialise in tailored professional indemnity cover—so you can focus on what you do best, knowing you’re protected.
👉 Need fast, reliable cover? Get a quote now
What Does Professional Indemnity Insurance Cover?
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We provide comprehensive protection for a wide range of risks professionals face daily:
Negligent advice or services
If your guidance or work leads to client losses, we cover legal defence and compensation costs.Breach of confidentiality
Accidentally shared sensitive client info? We’ll handle the fallout.Copyright infringement
Unknowingly used protected content? You’re covered.Defamation (libel or slander)
We protect your reputation—and your bank balance.Loss or damage of documents
If physical or digital client files are lost, we cover recovery or replacement costs.Employee dishonesty
If a staff member commits fraud or theft, your business won’t have to absorb the damage alone.
Do You Really Need It?
While professional indemnity insurance isn’t legally required, many clients, contracts, and professional bodies demand it before working with you.
You should have PI insurance if you:
✔ Provide consultancy or professional advice
✔ Handle sensitive client data or intellectual property
✔ Design plans, specs, or provide expert services
✔ Want to win contracts with bigger clients
✔ Are part of a regulated professional body
Who Needs Professional Indemnity Insurance?
This cover is essential for professionals where a simple mistake could cost a client thousands. If that’s you, we’ve got you covered.
Common sectors we insure:
IFAs
Secure your practice with tailored PI coverage, defending against potential legal actions stemming from financial recommendations.
Design & Construction
Construct a safety net for your business with PI coverage tailored to protect against claims of negligence in design or construction.
Architects & Surveyors
Build a strong foundation for your practice with PI insurance that covers design flaws and professional oversight claims and more.
Mortgage Brokers
Safeguard your reputation and finances with PI cover that protects against costly claims arising from mortgage advice errors.
Finance Brokers
Shield your business from financial fallout with PI insurance designed to cover claims related to financial advice mishaps.
Will Writers
Protect your legacy-planning services with PI insurance that covers legal expenses if clients dispute your will-writing expertise.
Cyber Cover
Fortify your digital defences with comprehensive cyber PI insurance, guarding against the financial impact of data breaches and cyber attacks.
Insurance Brokers
Ensure your own peace of mind with PI cover that shields you from claims arising from insurance policy recommendations.
Your premium depends on your business type, size, location, and the level of cover you need.
We offer flexible policies with cover from £2 million to £5 million, with competitive rates that scale to your risk profile.
💡 Tip: The more sensitive or high-value your work, the higher the cover you’ll need.
Yes. Professional indemnity insurance is a fully allowable business expense—meaning it reduces your taxable profit.
Let’s say you’re a consultant or architect and a small error in your advice or calculations leads to significant client losses. That client files a claim—demanding compensation and legal costs.
Without insurance? You pay out of pocket.
With PRMS Ltd? You're fully covered.
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