Professional liability insurance for your business
Professional liability insurance is usually called professional indemnity insurance. It covers you for the financial consquences of professional mistakes and negligence, and it is often taken by those in professions which offer advice, designs or consultancy services.
Why buy Professional Liability Insurance with Simply Business?
- up to 50% no claims discount
- compare professional liability quotes
- one simple policy for professional liability, public liability and a range of optional covers
- or, buy professional liability insurance as a stand-alone policy
- cover levels to suit you: from £50k up to £5m
When do you need Professional Liability Insurance?
You should consider taking out professional liability insurance if your business gives advice or offers a professional service to other businesses. It covers you if you are negligent or make a mistake which causes a client’s business to suffer financial loss.
For example, if an architect makes a mistake in the plans for a construction project, and it is only discovered once the building work is underway and materials purchased, the client would be likely to lose money through time for re-building and the cost of wasted materials. The architect would be liable for this cost.
Compare your Professional Liability Insurance needs with many respected insurers online through Simply Business. Receive tailored quotes in minutes.