Professional Indemnity insurance FAQs
Questions and answers that relate to Professional Indemnity insurance cover, which is included as standard with our Classic and Plus covers. These questions include what it is, and what it’s designed to cover. This information is provided as a guide only, and if you have any doubts or questions, you can give our friendly team a ring on 0800 0280 380.
What is Professional Indemnity insurance?
Professional Indemnity insurance is designed to cover legal costs and expenses incurred if you are subject to litigious action resulting from advice or guidance you have provided in your professional capacity.
What level of Professional Indemnity insurance should I buy?
There is no fixed and easy answer to this, and it depends on many factors. Some professional bodies or associations require professional indemnity cover, so if you’re a member of a trade body, it’s worth checking their membership criteria.
Does an Excess apply to Professional Indemnity insurance?
Does the excess apply to costs and expenses in defending a circumstance where no claim is paid?
Is Professional Indemnity insurance required by law?
No. Professional Indemnity insurance isn’t required by law in Great Britain, Northern Ireland, the Isle of Man or the Channel Islands, for tradespeople.
Can I lower my Professional Indemnity insurance premium?
Can I increase my Professional Indemnity cover?
Do I need Professional Indemnity cover after I stop work?
Full details of our Terms & Conditions, Limits, Excesses and Policy Exclusions can be found in our policy wordings. These guides refer to our Tradesman's Insurance policy. Trade Direct do not offer advice relating to insurance, and you need to ensure that insurance you choose meets your demands and needs.