Do I need professional indemnity insurance? Do I need professional indemnity insurance?

While some covers are suited to almost every business, PI insurance is better suited to certain types of services and industries.

You should think about professional indemnity insurance if:

• You offer professional services
• You are an adviser or consultant such as management consultant, accountant or fitness coach
• Your work exposes you to claims of professional negligence, for instance healthcare professional who offer health advice or training
• Your work could lead to disputes over copyright, quality or vision such as a photographer
• You have access to confidential information, such as contact details or medical history
• You offer services on a self-employed basis, such as a freelance software developer or contracting electrician
• You're required to have PI cover by your clients or regulatory body to offer your services, such as financial consultants, engineers and healthcare professionals

There are many reasons why you might want to think about adding professional indemnity cover to your policy. Here are just four:

1. Mistakes happen to everybody

No matter how careful and dedicated you are, there are some days when the world conspires against you, which could result in mistakes or errors in your work. Professional indemnity insurance was made for just those days, and can support you financially if there’s fallout.

2. It could help you win business

Some clients or professional organisations need to see that you have a certain level of PI cover in place. Having professional indemnity insurance shows you take your business and your reputation seriously, and could stop your clients from going elsewhere.

3. Relationships can turn sour

Sometimes relationships can deteriorate. If things turn nasty, professional indemnity insurance could help you challenge allegations and recoup any unpaid invoices.

4. Reputations are fragile

Legal claims can be stressful in more ways than one. Not least because of the impact on your reputation and that of your business. Professional indemnity can also cover PR support, giving you the power to control the story.

If you work within any professional services industry, like accountancy or property management, professional indemnity insurance may be a requirement of regulators or professional bodies.

Whether you are starting out or want to ensure your business continues to run smoothly it’s important to double check with your relevant industry body if you need professional indemnity insurance.

We all slip up from time to time. But as a tradesperson, one wrong measurement could bring down a wall — or land your client with a costly repair.

If you give expert advice as part of your trade — whether that’s plans, inspections, designs or measurements — tradesperson professional indemnity insurance could have your back if someone claims you’ve been negligent.

If you're not sure if you need professional indemnity cover or not, we're here to help. You can speak to one of our customer success team through our web chat below, via email at hello@gosuperscript.com or give us a call on 0333 772 0759+31 10 8080 889.