Professional Indemnity

Professional Indemnity Insurance Brokers

Professional Indemnity - Laptop and smartphone on desk

Professional Indemnity insurance, or PI insurance, will protect you and/or your business against any financial loss that may be caused as a result of bad advice or a mistake made in your work. Typically these claims can be as a result of Negligence, Dishonesty, Defamation, Infringement of Intellectual Property Rights and Loss of Data.

We provide professional indemnity insurance for various industries including Project Managers, Business Consultants, Consulting Engineers, Management Consultants and Marketing Media Consultants among many others.

The Insurance Octopus compares insurance quotes ensuring you’re covered for all PI related claims. In addition, we have the ability to bolt on extra covers that you won’t necessarily be able to get from other PI insurance providers.

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Or call us on 0161 968 2041, Mon to Fri 9am - 5.30pm

What your Professional Indemnity Insurance Policy includes

Professional Indemnity - Office meeting

Cover for the cost of legal fees if something goes wrong

All of The Insurance Octopus PI policies provide assistance in the event that you or your business make a mistake. In the event that a claim placed against you ends up in court, Legal Fees would cover the cost of legal representation or defence costs; legal representation can not only be expensive, but can disrupt a business and cause lasting damage if you do not have them covered.

Compensation costs if you have to pay out for a claim

If you are found to be liable for a mistake or error, your policy from The Insurance Octopus would provide cover for the agreed compensation costs. This ensures that compensation would be paid to the party who had successfully placed a claim against you. Without this cover you would be liable for the costs yourself.

Associated claims costs

As well as providing legal representation, you’ll gain expert advice and support for all other associated costs that a claim can incur. Additional costs associated to a claim can be anything from having to call an expert witness for a court hearing or investigation fees associated with ensuring the validity of a claim.

Combined extras

Our professional policies are designed to be flexible, allowing you add additional cover, including Public and Employers Liability; Personal Accident cover; Contents cover (which can include contents you keep at a home office or rented unit); Laptop and Mobile Phone Cover, accommodating all geographical regions to suit your requirements; Business Interruption, allowing you to cover any additional costs incurred if you need to re-locate your office; and Hacker Damage, which will provide you the financial support to replace any damage caused by hacking.

Depending upon your needs, we have a range of available Professional Indemnity packages which can combine a number of covers. Our professional combined policies have been developed with our customers at the centre.

If you’d like assistance in tailoring your PI Insurance package, call to speak to our insurance specialists today.

Get your quote

Or call us on 0161 968 2041, Mon to Fri 9am - 5.30pm

Why choose The Insurance Octopus?

We are Professional Indemnity Insurance brokers giving us access to the most competitive premiums, allowing us to save your business money. We have also worked with a leading insurer to develop our own Professional Indemnity Package to cater for the specific needs of each and every one of our clients.

Our team of PI specialists are able to provide the appropriate level of cover at an affordable premium with flexible payment options including 0% instalments and Direct Debit. We’re also able to provide business insurance and documentation within timescales to suits your business, often on the same day you take out a policy.

Give us a call today to discuss your business insurance requirements.

Get your quote

Or call us on 0161 968 2041, Mon to Fri 9am - 5.30pm

Benefits of having Professional Indemnity Insurance

Professional Indemnity - Working lunch

Professional Indemnity insurance, or PI insurance, is a crucial insurance whether you own or manage a business or conduct a consultative role. Not only would our insurance package ensure you are able to defend yourself should someone claim negligence, dishonesty or defamation, among others, it would also defend you against unfounded allegations that may arise as a result of your business conduct or consultations.

A policy with us will provide support in the event that one of your clients places an allegation against you for work you have completed and withholds payment on the contract, preventing you from being financially disadvantaged if these circumstances arose.

Additionally, if you have had continuous Professional Indemnity insurance in the years previous to taking out a policy with The Insurance Octopus, we can also ensure you have retroactive cover in place. This will protect you against any claims that may be made against you for previously completed work when insured by a different provider. It is important to make sure you do not let your Professional Indemnity insurance lapse to ensure you are eligible for retroactive cover.

If you would like more information on any of the benefits of our PI Insurance packages, call to speak to our insurance specialists who will be happy to help.

Get your quote

Or call us on 0161 968 2041, Mon to Fri 9am - 5.30pm