Insurance for financial and legal services

Professional insurance for financial and legal businesses

If clients trust you to look after their finances or fight their legal corner, no matter how much experience you have, you'll want an insurance policy ready to protect you if the worst should happen. Your work is crucial to your clients' prosperity, and that brings a certain pressure. Simply Business can protect you from compensation claims by tailoring a policy to your needs, containing public liability, professional indemnity and any other business insurance you need.

Cover from £6.79 a month, get insured in minutes. (10% of direct debit customers repay their annual policy in 10 monthly payments of £6.79 or less across all our trades insured. Based on data from 1 July - 31 December 2020, for comparison only. Cancellation charges may apply, please refer to our full terms & conditions.)

Building your policy

As a business in the finance or legal sector, professional indemnity insurance, for many, will be an essential. It's an insurance designed for companies that offer advice to clients, handle client data, or deal with intellectual property. It can cover compensation costs if a client sues you for making a mistake in your work. For example, if you were to advise a client incorrectly which resulted in a financial loss, your client could sue you for negligent advice, and your professional indemnity insurance could cover the legal fees and compensation costs.

You can buy professional indemnity insurance as a stand-alone cover or as part of a combined policy with other covers. At Simply Business we offer between £50,000 and £5 million in professional indemnity cover.

Public liability insurance is likely to be important too, as it can cover you for injury or damage claims made by a member of the public. For example if you spilt coffee over a client's laptop while they were meeting you in your office, they could demand money for the repair or replacement of their computer.

You might want to consider other business covers too, including employers’ liability insurance if you've got any staff and business equipment insurance if you use any equipment that's essential to the running of your business.

Why Simply Business?

• We’re one of the UK’s biggest business insurance providers
• All settled claims paid within 24 hours
• 9/10 ratings say we’re good (or excellent)
• 750,000 customers (and counting)
• Claims handled by an award-winning team
• Quote comparisons available from multiple insurers
• We run things from an expert, UK-based contact centre