Haxon Insurance

Insure the Unexpected

Professional Indemnity Insurance

We can source policies from leading insurers, as well as specialists and schemes, which allows us to find the best and right cover to you. No business is the same, so it is important to get to know you and your business needs to understand what exposures your business may face.

Professional Indemnity
Insurance

We can source policies from leading insurers, as well as specialists and schemes, which allows us to find the best and right cover to you. No business is the same, so it is important to get to know you and your business needs to understand what exposures your business may face.


At Haxon, we view Professional Indemnity (PI) Insurance as something that must be tailored specifically to you. The reason for having PI insurance is to make sure that your business is covered where a third party seeks damages for financial loss as a result of a mistake made, or perceived to be made, by your business. It could come in the form of an error, omission, breach of duty or negligent advice to name a few. It’s important to make sure you have the right cover should an unexpected claim arise. 


Not only is it sensible to have a PI policy, in a lot of cases it is a requirement, contractually or by regulation, to hold one. Having a PI policy in place will protect you against claims arising from negligent service or advice provided by anyone within your business.

  • What is Professional Indemnity Insurance?

    Professional Indemnity Insurance is tailored to you to provide protection in a broad range of situations. Whether your business gives negligent advice to a client, makes a design error, accidentally breaches copyright or is accused of libel or slander, you can rest assured Haxon has found you the PI policy that you can rely on.


    PI Insurance covers the cost of legal defence fees and, if the claimant is successful, the compensation payments you will required to pay.

  • How much does Professional Indemnity Insurance cost?

    There are many different things that can affect the cost of your PI insurance. If we have a full understanding of your business, we will understand your trade sector specialisms, experience, client size, income and staff volume allowing us to recommend the best cover for you, but also at the best price. Contact us now to find out more.

  • Is Professional Indemnity Insurance required by law?

    Although PI insurance isn’t required by law, many professional bodies will ask you to have this in place. For example, architects, estate agents and surveyors have this as a mandatory part of the required professional memberships.


    Even if you don’t have this requirement by a professional body, it is invaluable to have this protection in place for you or your business, to cover any costs in the event of a professional error where it may cause financial harm to a third party. With no PI policy in place, you’re running the risk of covering the cost of legal defence and compensation claims at your own expense.

Request a PROFESSIONAL INDEMNITY  insurance quote

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