We provide retroactive cover - if you have kept a record of your previous policies, we can cover your past work from the date you took out your first one, even if it was with another insurer. This is subject to you holding unbroken cover for the entire period.
You can find out whether professional indemnity insurance is available for your business by starting the quote journey and selecting your trade from the menu.
We do not currently cover the following trades for professional indemnity insurance:
It is likely that we can cover you for other aspects of your business. You can check what’s available for your trade by starting a quote with us and we’ll let you know right away.
The price of professional indemnity insurance depends on your business and personal circumstances. You can add professional indemnity to your policy by clicking on our online quote finder. Just answer a few questions about your business and we'll provide you with a rundown of the cover we can offer.
Professional indemnity insurance from under £7 a month. 10% of customers paid £75.81 for a 12 month policy between 1 January 2019 and 31 December 2019. We offer 0% APR on your monthly direct debit payments in the first year. This is subject to credit agreement and you must be aged 18 or over. Prices can vary based on your business occupation and details and the level of cover you choose.
You are not legally required to hold professional indemnity but a number of professional associations won't let you join their ranks without it. Here's a list of organisations that require you to hold professional indemnity cover:
Even if these groups are not relevant to your business, if you work as a professional consultant or have any dealings with local authorities, it's a good idea to look into professional indemnity insurance. Some clients will ask to see proof of cover before they hire you.
Some clients will also state the value of the cover required as a condition of business, which will give you some guidance on how much cover you might want to take out.
We offer cover from £100,000 all the way up to £5 million, for certain trades. To get an idea of the amount of cover you need, review the following:
Below is a summary of a generic policy, from 25 October 2020 onwards, which shows the main covers and exclusions in our policies.