Professional indemnity insurance specialists
Instant cover for most professions
Buy cover online and receive policy documents at the touch of a button, for a number of trades and covers. Some trades may require a proposal form.Find bespoke cover now
Competitive quotations online now
Many trades can get a quote quickly and easily through our online system. Competitive rates of interest available on monthly payment plans.Get a quote online
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Purchasing insurance can be confusing. We are here to help.
If you would like to speak to one of our experienced account handlers, request a call back using our online form or give us a call.
Why choose Hensure for PI insurance
Our business is not a call centre, but instead provides a personal service and dedicated team to assist with your queries.
Our team has a wealth of experience and knowledge to help you and your business get the most appropriate cover for your needs.
Our 24/7 quote and buy facility allows you to run a personalised quotation, at a time that suits you and your business.
PI insurance – Everything you need to know
Who needs PI Insurance?
Professional Indemnity Insurance is compulsory for some trades, but even for those businesses for whom it is not, all businesses should now carefully consider the risks that they are exposed to.
As a professional, you owe a legal duty of care to your clients. If you breach that duty of care by making a mistake, your client can claim compensation for the losses and expenses caused by your negligence. Without PI Insurance, you run the risk of being sued for a variety of claims and then having to foot the bill.
Even if the claim made against you is false, the legal costs in defending the claim can be very high. Without a valid PI Insurance policy, you will be left to defend the allegations and will have to instruct a lawyer and pay for the subsequent legal costs involved. In the majority of cases the claim will settle before going to court, but even in very minor disputes the legal costs can build up very quickly.
With the right PI policy, the only cost you’ll have to pay is the excess on the policy, no matter how high the legal costs involved.
What does PI insurance cover?
Professional Indemnity Insurance covers legal expenses incurred in defending a claim against you, even if the claim is false. It will also cover the compensation awarded, should they win their case, and the cost of any losses that they incurred as a result of your negligence.
If your business ceases operations, there is still a chance that a claim could be made against you in the future. PI Insurance can provide run-off cover to ensure that these claims are still covered and you are still protected.
Can I buy short term PI cover?
You can buy short-term PI Insurance cover, but it comes with a significant risk that must be considered.
Professional Indemnity Insurance works on a claims made basis, meaning that the insurance policy that you hold at the time the claim is made is responsible for the claims and any associated costs. If you cancel the policy after your contract has ended, and a client then makes a claim against you after this time, you do not have any insurance to cover this and will be solely liable.
You must hold insurance at both the time the incident occurs, and the time that the claim is made, to be protected.