Indemnity Insurance is a necessity for professionals engaged in offering consultancy or advice. Professional indemnity (PI) insurance covers contractors and freelance consultants from claims for error, omissions, professional neglect, etc... situations that possibility end up in costly litigation and substantial financial losses for consultants. With the growing 'compensation culture' in the UK, professional indemnity insurance is now more important than ever.

Professional indemnity covers against claims where you have provided advice or services, in a professional capacity. A Professional Indemnity Insurance policy may cover you for areas such as libel and slander, professional neglect, malicious falsehood, passing off copyrights, breach of confidentiality, and negligent statement or actions.

Professional indemnity insurance (PII) is designed for any individual, company or organisation providing advice, design work or other professional service. It covers you and your business in the event of damages being awarded against you due to: professional error, omission or act of negligence towards a third party to whom you owe a duty of care.