Professional Indemnity Insurance
If you’re a business or professional that’s offering direct services or giving advice, you can face a wide range of risks depending on what you do. Higos’ Professional Indemnity Insurance can protect you against financial loss.
We don’t try and sell you a ‘one size fits all’ solution, instead, we provide cover that’s as individual as your business. PI Insurance is crucial to protecting you and your business. For bespoke cover and peace of mind, it has to be Higos.
What is Professional Indemnity Insurance?
A typical PI Insurance policy will provide cover for you against a financial loss arising from any claims for breach of duty, errors, omissions, or negligent advice you give which could result in financial loss. These can be made by your clients.
As a general rule, regulated professional bodies require their members to take out professional indemnity cover as a compulsory part of their commercial insurance. This also includes Run Off Cover. This is a type of professional indemnity insurance that occurs when a business or individual ceases trading.
Who needs Professional Indemnity?
Historically, mainstream professions such as Architects, Accountants, Solicitors, Surveyors, and Engineers were regarded as ‘professionals’. But today, any person or business that offers specialist advice can be regarded as a professional and therefore needs commercial insurance.
At Higos, we have a history of providing professional indemnity insurance quotes to a wide range of professions, including:
- Advertising Agencies
- Architects & Associated Professions
- Community Interest Groups/Charities
- Creative & Media
- Design and Construct
- Marketing/Advertising Agencies
- Medical Malpractice
- Safety Advisors
- Surveyors & Estate Agents
- Technology Risks
- Other Professionals
What is the difference between public liability and professional indemnity insurance?
While similar, public liability insurance and professional indemnity insurance are not the same. The key difference is that public liability insurance is specific for claims made by the public for injury, illness or damage. Professional indemnity, by contrast, mainly covers claims made by clients in the case of professional mistakes or negligence on a business’ part.
We get to know you and your requirements
Our experienced and knowledgeable Professional Risks team will get to know you, your business, the services you offer, and the risks you face. It’s especially important to buy professional indemnity cover if you operate a business abroad or with overseas exposure (as well as in the UK), particularly the USA.
We have developed great relationships with UK-based and A-rated insurers such as Markel, HCC, Manchester Underwriting, Hiscox, CFC, as well as exclusive niche insurers. Depending on the risk, we can usually obtain terms within 24 hours.
For independent advice or a quote for your business, call us on 01454 285255
Why Choose Higos for a Professional Indemnity Insurance Quote?
At Higos, we want to ensure you receive high-quality service and feel comfortable knowing that you have expert advice at every step of your insurance journey. That's why we have a dedicated professional indemnity insurance team that are certified by the Chartered Insurance Institute. The benefits of getting a policy with Higos don't end there:
- We have access to a wide variety of markets including the Lloyds and London market
- We have developed great relationships with A-rated insurers such as Markel, HCC, Manchester Underwriting, Hiscox, CFC, and more
- We work with clients all across the UK who operate both domestically and internationally
- From the smallest sole trader to the largest multinational we offer the same expert advice and dedicated service
- We aim to help our clients find the best and most appropriate insurance policy rather than the cheapest or fastest
- Our team are always on hand and directly contactable with no need to go through centralised inboxes or switchboards
- Our team are happy to organise a visit if this is easier or more preferable
Want to know more?
At Higos, we know that insurance is complicated. That's why we've created a frequently asked questions page to help you understand whether professional indemnity insurance is right for you.
To find out more, click the button below.