Contractor Professional Indemnity Insurance

We are able to provide competitively-priced Professional Indemnity Insurance for contractors.  Further information regarding these products is available below, and you can use the 'Your basket' area on the right hand side of the page to obtain a quick quote and progress through to apply for cover.


Professional indemnity insurance

From £219.55

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What is it? 
Professional Indemnity Insurance will react in circumstances where an error or omission in your services causes, or is alleged to have caused, a third party a financial loss.

As with solicitors and accountants, contractors provide professional advice and services which are relied on by their clients. As a consequence you no doubt act with a reasonable degree of care and skill in order to ensure that your clients' interests are protected. 

However, even where care and skill is exercised, there is still the potential for you to make a mistake that causes financial loss to a client or for a client to allege that you have made a mistake even if you have not. Whilst such disputes are rare, when they occur they can be costly.

Carrying Professional Indemnity Insurance will give your clients the reassurance that you have taken reasonable steps to ensure you are covered in the unlikely even of an alleged breach of duty, adding value to any tender.

What Does It Cover?
PI Insurance will cover the policyholder in respect of claims made against them by third parties following an alleged professional error, omission or negligence in the services or advice they have provided.  The policy covers both defence costs and any liability found owing in the event of a claim up to the limit of indemnity.

If you provide a professional service and make a mistake, it is possible that a third party may seek to bring legal action against for a financial loss they claim to have suffered as a consequence – a Professional Indemnity insurance policy is designed to fund the defence of this type of claim and cover the damages for which you may be liable.

In addition to the ‘error, omission or negligence’ claims a client might make, your professional indemnity insurance also provides cover for unintentional breaches of your contract - for example, if you failed to deliver services according to what was specified in your contract, perhaps because of a genuine misunderstanding of your duties and obligations in the contract. 

If you have been contracting for many years and have just changed PI Insurance provider, you should also check to ensure that your past contracts are covered. For all non-IT trades, our PI Insurance policy includes retroactive cover as standard. For IT Contractors, you will need to request retroactive cover for a small additional premium for the risks of past clients claiming against your new contractor PI Insurance.

Please note that there is a €300 excess applicable in respect of each and every claim made against this policy.

Please see the sample policy documents below for the full terms and conditions of cover.

Sample policy documents

The premium shown above is the base, "starting from" premium, and is subject to change depending on the answers provided during the application process.  Please click on 'Get your price' to start the application process.

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 01 213 5000