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Home > Insurance > Business Insurance > Professional Indemnity Insurance >

Professional Indemnity Insurance

If your business provides knowledge, advice or skills to clients, professional indemnity insurance covers you against the cost of claims from clients who are not satisfied with your work.

Reasons to choose the AA for professional indemnity insurance

• Flexible levels of cover – up to £1 million available (or more on referral)
• Retroactive dates – get cover for work undertaken in the past
• Deal with experts – speak with our professional indemnity specialists

Professional indemnity insurance – frequently asked questions

Why do I need professional indemnity insurance?

Professional indemnity insurance (sometimes called PI insurance) gives your business financial protection in the event of claims from clients for:

• professional error
• omissions
• professional neglect

Professional indemnity insurance covers the cost of paying damages awarded to a third party and also covers legal fees related to fighting a claim.

Can I buy professional indemnity insurance online?

Simply enter details about your business online, and we'll find you a competitive quote for professional indemnity insurance. Or you can call us on 0800 294 0905.

What occupations are covered by a professional indemnity insurance policy?

Professional indemnity insurance is designed for professionals who sell their knowledge or skills. Cover is available for many occupations, these include:

• accountants
• engineers
• estate agents
• IT consultants

Is professional indemnity insurance cover compulsory?

Professional indemnity is a regulatory requirement for some professions, including solicitors, accountants, architects, insurance brokers and financial advisers.

For other businesses, having professional indemnity in place can help you secure new clients, who may insist that you have indemnity cover as a condition of doing business together.

Can I get short-term professional indemnity insurance cover to cover a short-term contract?

Professional indemnity insurance is underwritten on a claims-made basis, which means that a policy must be in place for you to make a claim. Therefore, if you finish a short-term contract it makes sense to keep your professional indemnity policy available for your next contract.

What does the term 'retroactive date' mean?

If you have been working without professional indemnity cover, we can backdate your professional indemnity insurance policy as long as there are no impending claims against you that you are aware of.

For example, if you carried out some work two months ago but did not have professional indemnity insurance at that point, we could supply an annual policy with retroactive cover to include that work.