Professional Indemnity Insurance

Protection against errors, omissions and accusations of negligence

Giving advice for a living can be perilous – you are only as good as your last client, and getting sued would be seriously damaging, to both your reputation and personal financial wellbeing. That’s why complete confidence in your insurance is as important as confidence in your own abilities. 

At Howden, we have a range of specialist teams so that you can be assured your policy has been worded by someone who truly understands your industry – and the complex risks you face.   

What does Professional Indemnity insurance cover?

Whether you’re a project manager or consultant, PI supports you in two main areas:

People who sell themselves as having a certain skill set or expertise put their careers on the line every time they meet a client. When you take action on their behalf, you risk being sued.  

Defence is vital when allegations are unfounded – your future prosperity depends on it. But if allegations are justified, then insurance is especially important.

You will need to assemble an experienced legal team at considerable expense - and even then, you may be liable for damages or need to settle out of court.

Why do I need professional indemnity insurance?

PI insurance indemnifies you against claims for financial losses arising from sub-standard or erroneous professional services and claims alleging non-compliance with contractual obligations, from your clients and any third party.

As a professional, your clients rely on you for specialist expertise and service. You research thoroughly, keep up with the latest developments, and seek second opinions when you need them.

But despite your best efforts, mistakes can happen. A client can accuse you of negligence or malpractice at any time and even if their claim turns out to be unfounded, you’ll need to defend yourself.