Professional Indemnity Insurance

Protect yourself, your reputation and your livelihood with professional indemnity insurance that safeguards you and your business.

Professional Indemnity Insurance Tailored to Your Needs

If you offer your expertise, skills or advice for a living – either as a self-employed professional or on behalf of an employer – then taking out professional indemnity insurance is essential. 

Professional Indemnity insurance is there to protect you in the event of a claim against you for financial loss resulting from negligent services or advice you have provided. If a client loses money because you’ve made a mistake or offered poor advice, it covers any potential legal fees or settlement payments you might face if you are proven to have been negligent.

It can cover a wide range of risks, from simple human error or bad advice to mishandling of confidential data, defamation and copyright or trademark infringement. 

If your services fail to meet your customers’ expectations, these kinds of claims can be disruptive and costly. In some cases, they can take away your livelihood. We can help you get the right cover in place for protection and peace of mind. 

What is Professional Indemnity Insurance?

Professional indemnity insurance protects you against claims for loss or damage due to negligent services or advice you have provided. Solicitors, accountants, architects, chartered surveyors, financial advisers, and private healthcare providers are all required to have professional indemnity insurance by their trade bodies or regulators.

Other businesses which might need it include advertising agencies, construction, media or IT consultants and business or management coaches. If you or your business provides professional advice, you have a duty of care to your clients who rely on your specialist knowledge.

Professional indemnity insurance protects against claims from clients for their losses because of incorrect or inadequate advice given.

Specialist Professional Indemnity Insurance

While professional indemnity was once the sole preserve of more established professions, a growing number of sole traders and businesses now need this type of cover.

While many regulatory bodies insist their members are indemnified, it is a good idea to consider the need to protect you and your business even if you are not regulated. Professional indemnity insurance can cover you for damages and costs awarded, along with legal defence costs. It can also reflect your worldwide business activities.

Our expert team has vast experience arranging cover for professional advisers, consultants, businesses and directors. We can help ensure you are aware of your risks and obligations and have the right policies in place to protect all your commercial interests, for ultimate peace of mind.  

Why Lumley?

At Lumley Insurance, we are passionate about helping you protect your commercial assets and interests. 

While arranging commercial insurance can be complex, we try to keep things simple to give you advice you can rely on, backed by exceptional levels of customer service and discretion.

We have developed longstanding relationships with a trusted panel of market-leading insurers. This means we have access to the best commercial insurance products for discerning and distinguished clients and direct access to senior personnel in the event of a claim to make the entire process as pain-free as possible.

Whatever your commercial insurance needs, we will be there to represent and reassure you at every stage of the journey, from taking out the right policy to making a claim, to guarantee protection and peace of mind.

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