The cost of a professional indemnity insurance policy depends on several factors, including the level of cover you choose and the type of work done by your business. Professional indemnity insurance can be bought on its own or as part of a comprehensive business insurance policy.
The easiest way to find a price for your professional indemnity insurance is to run a quick online quote.
As with other types of insurance, insurers will calculate the price of your professional indemnity insurance (your premium) based on a number of things, including the type of business you run and the level of cover you select.
Insurers are predicting how likely you are to make a claim and how much a claim could cost. In practice, this usually means that businesses that face higher levels of risk pay more for their professional indemnity insurance.
When you’re buying insurance for your business it’s really important that you answer all questions accurately and that you choose a high enough level of cover so that you’re fully protected if you come to make a claim.