Professional Indemnity Insurance

Mistakes happen, we get it. Being insured against errors or omissions means you don’t have to lose out.

What is Professional Indemnity Insurance?

Professional Indemnity insurance covers you for the legal costs and compensation should your client allege negligence or error with your services, and take legal action to recover their losses.

Get cover from as little as

£ 13 .50

per month

*Based on an IT contractor earning up to £250k per year

Professional Indemnity Insurance (PI) made simple.

Sometimes we make mistakes. As a business, a mistake in your services could financially impact your clients. That’s where Professional Indemnity Insurance comes in.

Professional Indemnity Insurance protects you from legal action brought against your business by a client for negligence, omission, or error in the services provided to them. This can include the loss of important documents or data, unintentional breach of confidentiality, and other mistakes and oversights alleged to have been made during the provision of services.

PI insurance covers the legal costs of defending your case, and in the event that your company is found liable, the policy will cover the compensation owed as a result (up to the limit of indemnity for the policy).

You will most likely want Professional Indemnity cover if your work involves providing professional advice or services. Bookkeepers, consultants, and engineers are good examples of the type of work that would benefit from this cover, but it’s a worthwhile policy for many self-employed contractors, sole traders, and partnerships from a range of industries.

When it comes to deciding the limit of indemnity (cover limit) you should opt for, you should check the contract you hold with your end client. If you don’t match the insurance requirements stated by your end client, you could be in breach of your contract.

What does Professional Indemnity Insurance cover?

Professional Negligence
If you breach the duty of care you owe your clients
Libel and Slander
If you produce or support a false statement about a third party
Loss of Documents or Data
If you lose your client’s documents or data
Unintentional Intellectual Property Infringements
If you accidentally reproduce or distribute your client’s IP without permission
Unintentional Breach of Confidentiality
If you accidentally share private information without permission

Frequently Asked Questions

Professional Indemnity is a popular business insurance policy which covers your defence costs and liabilities should one of your clients bring legal action against you for alleged professional negligence, errors, or omissions in the services you provided which caused the client a financial loss.

Read more or move on to what Professional Indemnity Insurance covers


If your business activity involves professional services such as advice, design, or consultancy, then you may be at higher risk of a PI claim. Certain professions including accountants, financial advisers, and solicitors are required to hold PI insurance due to industry regulations.

You may find it stated within your contract that you must hold a certain level of Professional Indemnity. In these circumstances, by not holding a suitable policy, you could be found in breach of the terms of your contract.

This depends on the size of your business and/or the needs of your clients. You may also find this outlined within your contract or by a relevant governing body.

Qdos’ Professional Indemnity Insurance offers limits of £1 million, £2 million, and £5 million for most business activities. For tradespeople, we also offer limits of £100,000, £250,000, £500,000, and £750,000.

The cost of PI insurance will depend on a few factors including:

  • The nature of your services
  • Your company’s annual turnover
  • The amount of cover (limit of indemnity) you need
  • Whether you need to insure past work
  • The jurisdiction governing your services

Professional Indemnity insurance works on a claims-made basis, meaning that a claim must be made within the policy’s term. If you’ve been contracting for many years and have just changed PI provider, you should check that any of your past contracts are covered under the new policy.

For all trades, with the exception of IT, our PI insurance policy includes retroactive cover as standard, meaning you will be covered for work undertaken before you took out your policy with Qdos. Please ensure you tell us all services you need covered under your policy if there has been any change in the course of your business.

Our IT contractor Professional Indemnity insurance doesn’t include cover for past work as standard, so if you have had a gap in cover, have moved to Qdos from another provider, or have been operating previously without insurance, you may wish to include ‘Cover for Past Work’ during the quote process.

Click here for more information.
Why Qdos?
Award-winning cover with the self-employed in mind, Qdos’ Professional Indemnity Insurance is backed up by an experienced team who want to help keep you trading.
All of our policies include the following as standard:
A dedicated Account Manager
We'll never pass you around a call centre
Online account for 24/7 access
Manage your policies at a time that suits you
Free IR35 Contract Assessment
Because IR35 compliance starts with the written contract

Have a question?

Ask away! One of our team will get back to you!

Prefer to talk to us in person?

Call our team on 0116 269 0999 or we can call you back at a time that suits you!