Professional Indemnity, in plain English.
No jargon walls. Practical guidance on what PI cover is, what it should include, and how to handle renewals and claims for your profession.
What is Professional Indemnity insurance?
Professional Indemnity insurance protects your firm when a client claims that your work — your advice, your service, your design — caused them a financial loss. It pays the cost of defending the claim and any damages or settlement you're liable for.
For regulated professions it's usually mandatory: solicitors, architects, surveyors, accountants and FCA-authorised firms all face minimum-cover requirements set by their regulator. But the minimum is rarely the whole story — the wording, the limit and the exclusions are where claims are won or lost.
That's the part a specialist broker earns its keep on: making sure the cover you buy actually responds when you need it.
Guides by profession
Cover, explained for your sector.
Solicitors PI guide
SRA Minimum Terms, the 1 October renewal and run-off explained.
Architects PI guide
ARB requirements, design-and-build risk and fire-safety cover.
Chartered surveyors PI guide
RICS minimum wording, valuation risk and fee-income splits.
Construction PI guide
Collateral warranties, D&B design risk and project-specific cover.
IFA PI guide
FCA requirements, DB-transfer exposure and run-off on cessation.
Cyber for professional firms
Why a PI sub-limit isn't enough, and what good cyber cover includes.
FAQs