Professional Indemnity insurance

What does a Professional Indemnity (PI) insurance policy cover?

Professional Indemnity insurance (PI) is there for you when you make a mistake for which you are sued or investigated or both.

With Howden, you can be assured your policy has been worded by someone who truly understands your industry – and the complex risks you face.

Optional extras 

Worldwide jurisdiction

Contract overseas? No problem. Wherever in the world you work, our cover goes with you.

Automatic reinstatement of your limit of liability

If you need to make a claim, the amount you are awarded does not affect your limit of liability. Your maximum limit is available to you even after you have already made a claim.

Retroactive cover (excluding known circumstances)

You are covered for any work completed since the start of your Professional Indemnity Insurance - even if you have switched insurer.

Our PI policies can be extended to cover:

• Loss of documents or computer records
• Dishonest, fraudulent or malicious acts
• Breach of fiduciary duty
• Trade practices legislation
• Contractual liabilities
• Civil penalties
• Intellectual property (breach of confidentiality, plagiarism or infringement of copyright, trademark or registered design or patent)
• Costs for representation at disciplinary or coronial enquiries
• Worldwide jurisdiction
• Automatic reinstatement of limit of liability
• Retroactive cover (excluding known circumstances)
• Trustees liability (superannuation / pension funds, charities, etc)
• Forged Share Transfer insurance can be arranged independently to cover damages/expenses arising out of the fraudulent issue of share documents and/or negligence in the conduct of a share registry 

Service highlights

Your claim will be handled by a sector specialist.

Here are some examples of claims support we offer clients, every day: 

• Guidance on the notifying process and helping prepare the notification to insurers
• Assisting draft responses to claimants
• Overseeing legal cost management
• Ensuring that insurers' reserving policies benefit you
• Attending mediations to defend our clients’ interests
• Challenging insurers’ coverage position statements (when needed - our skills in policy design make this increasingly rare)
• Expediting your payouts