*10% of our customers paid this or less for professional indemnity insurance between October and December 2018.

What’s covered?

Find out what’s covered by AXA Professional Indemnity Insurance, so you get the protection that’s right for you.


Policy details

Find out more about our professional indemnity insurance cover in our policy summaries and policy wordings.

Tailor your professional indemnity policy to meet your needs

You can add various optional extras to your professional indemnity policy, including cover for:

  • Data protection and copyright breaches
  • Defamation
  • Breach of confidentiality
  • Business equipment
  • Loss of documents
  • Bodily injury (from breach of professional duty)
  • Dishonesty of employees
  • Court attendance costs
  • Public liability
  • Employers’ liability

 

Work hard, insure simple

Running a business is hard work. That’s why we’re doing all we can to make your insurance a bit simpler. From working to pay claims more quickly to taking the guesswork out of getting business insurance, find out what we’re doing to help.

Professional indemnity insurance FAQs

What is Professional indemnity insurance?

Professional indemnity insurance covers legal costs and expenses incurred in your defence, as well as any damages and costs that may be awarded, if a client says they’ve lost money as a result of you giving them bad advice, services or design. Although it’s not a legal requirement, if you’re a management consultant or work in accountancy, architecture or chartered surveying, it’s likely that you’ll need to have professional indemnity insurance. Without it, you could be exposed to thousands of pounds worth of legal fees and compensation payments, not to mention lost income from time spent defending a claim.

How much does Professional indemnity insurance cost?

Having professional indemnity could save you a tidy sum, and is quick and easy to arrange online or over the phone. There are several things to consider, like the level of cover you choose and the type of work you do. As a rule of thumb, businesses that face higher levels of risk will pay more. So, for the best way to find out, give us a call on 0330 159 1520 and get a quote from one of our friendly, experienced advisors who’ll give you the price that’s just right for your business.

Do I need Professional indemnity insurance?

Three quarters of small business owners say they worry about making mistakes on client projects, almost half worry about giving bad advice, and a quarter worry that one of their clients will make a compensation claim related to their professional services.1

But despite their worries, more than half of those paid by clients for business advice still fail to buy professional indemnity cover.2 So how do you know if you need professional indemnity insurance?

Many small businesses take out professional indemnity, it’s a really popular insurance if you provide professional service advice, or handle client data and intellectual property. So, if your business does any of this, you could be open to allegations ranging from breach of copyright, to accusations of defamation.

If you’re not sure if you need professional indemnity insurance, here are some reasons that might help make things clearer for you:

  • You provide advice and consultancy
    Clients can claim compensation if there’s a mistake in the advice you’ve given.
  • You provide an expert service
    In case you make a mistake in designs, plans or calculations.
  • You handle people’s information
    You could face claims if you accidentally disclose data or infringe on a client’s legal rights.
  • A client insists you have it
    Many clients will require that you have professional indemnity insurance in place before you can start working for them.
  • Your professional body requires it
    You might belong to a professional body or industry association where professional indemnity insurance is compulsory.

You can also give us a call on 0330 159 1520 and chat to one of our friendly and experienced advisors who’ll keep you right.

What does Professional indemnity cover?

Professional indemnity insurance can cover you in the event that a client loses money as a result of negligence in your advice, services or designs. It can cover legal fees and compensation payments, with the compensation often taking into account the financial loss that the client has suffered. More specifically, professional indemnity insurance covers you for mistakes such as breach of confidentiality, defamation, loss of documents and dishonesty of employees. All of these claims can be costly and disruptive regardless of whether they're fair or not. Find out more about what’s covered here.

What’s a typical example of a Professional indemnity claim?

While you do your best to get everything right, From IT consultants losing data to accountants getting their sums wrong, we’ve all made mistakes or misunderstood a brief, leading to claims running into the tens of thousands of pounds.

Is AXA Professional Indemnity Insurance right for you?

Most professionals and small businesses can get a professional indemnity quote quickly and easily online. But for some people with more complex needs, we may need to speak to you to make sure we’ve got you properly protected.

We won’t be able to cover you online if your business:

• Has more than eight people

• Has previously had any professional indemnity claims

• Is based outside the UK, the Channel Islands or the Isle of Man

If your business is or has any of these things, we’ll need to get some more details from you to make sure we can give you a quote that meets your needs.

Want to talk?

Whether you've got a general enquiry about business insurance or something more urgent, our team are waiting to help.

 

Why choose AXA Professional Indemnity Insurance?

There are lots of reasons to choose AXA Professional Indemnity Insurance. Here are eight for starters:

Eight great reasons to choose AXA Professional Indemnity Insurance

  1. 10% off when you buy online
    When you buy professional indemnity insurance online, you’ll get 10% off. It’s the protection you’d expect from AXA – for less.
  2. You get the protection that's right for you, not someone else
    You can choose the level of professional indemnity cover you need, and any optional extras you need too. And you can take professional indemnity on its own or as a package with employers’ liability and public liability insurance. That way, you’re in control.
  3. Cover your previous work
    With us, you get the option to purchase cover for previous work you carried out before your insurance with AXA started. And if you’re retiring or shutting up shop, we can also cover the work you carried out in the past after your business stops trading.
  4. Specialist policies for your profession
    For members of selected professional bodies, we can provide professional indemnity insurance that’s compliant with their requirements.
  5. Get a quick and easy online quote
    We know you’re busy. And we know you’d rather not spend too much time looking for insurance. That’s why you can get professional indemnity insurance in minutes at any time, anywhere, using any device.
  6. Cover you can rely on
    We’ve got a 96% customer satisfaction rate on independent review system, Feefo.3 Now that’s cover you can rely on.
  7. No limit to the claims you can make
    We know mistakes can happen at any time. So with AXA Professional Indemnity Insurance, there’s no limit to the number of claims you can make. Now that’s one less thing to worry about.
  8. Track your PI claim online
    Once you’ve made your professional indemnity claim, you’ll be able to track the whole thing from start to finish online.

Specialist professional indemnity policies

If you belong to a professional body or industry association, professional indemnity insurance may be compulsory. And even if you don’t, many professions will almost certainly need PI insurance.

That’s why we provide specialist professional indemnity policies for certain professions and occupations, including:

 

Professional indemnity insurance for management consultants

As a management consultant, businesses rely on your advice to improve their performance.

But what if a client feels that you’ve been negligent or your advice was flawed and has cost them money?

With AXA’s professional indemnity for management consultants, you’ll have up to £5 million cover to rely on. And you’ll also be able to add a number of optional extras, including cover for copyright breaches, defamation and breach of confidentiality. AXA—reassuring cover you can trust.

 

Professional indemnity insurance for business consultants

We know making recommendations for other people’s businesses requires a high level of expertise. But what works well for one company could result in unexpected losses for another.

And if the business you’re consulting for thinks your specialist advice has caused them to lose money, they could make a claim against you.

If they do, our professional indemnity insurance for consultants can protect you.

With us, you’ll have up to £5 million cover to rely on. And you’ll also be able to add a number of optional extras, including cover for copyright breaches, defamation and breach of confidentiality.

That way, you’ll have the peace of mind to get on with your job – and you can leave the worrying to us.

 

Professional indemnity insurance for accountants and bookkeepers

From accidentally giving a customer the wrong price to mixing up a client’s tax return, even the best accountants and bookkeepers make mistakes.

But with AXA’s professional indemnity insurance for accountants, you’ll have the peace of mind that you’re covered if your client makes a claim against you.

AXA are approved insurers for the Institutes of Chartered Accountants and our professional indemnity insurance complies with their requirements. So if you’re a member of ICAEW, ICAS or ICAI, we’ve got you covered.

Our professional indemnity insurance is also suitable for members of other professional bodies in the accountancy profession, such as ACCA, CIOT and ATT. Now that’s cover you can count on.

 

Professional indemnity insurance for architects

As an architect, we know planning is your bread and butter. But in business, there are some things you just can’t plan for.

And if you make a mistake or if your client thinks you’ve given them bad advice that’s caused them to lose money, they could make a compensation claim against you.

Our professional indemnity insurance has been specially built with architects like you in mind.

It covers your legal costs and compensation payments – and meets the criteria specified by the Architects Registration Board.

So if you’re a member of the Royal Institute of British Architects (RIBA) or the Royal Institute of Architects Scotland (RIAS), we’ve got you covered.

 

Professional indemnity insurance for IT consultants

Whether you’re a self-employed IT consultant or run a small consultancy firm, it’s typically you that’s responsible for advising clients on how to improve their IT systems and software.

And while you’re an expert in your field, one small mistake could lead to you losing sensitive data or missing a deadline – and those are problems you can’t just turn off and on again.

If you do make a mistake, we’re there to protect you. With our professional indemnity insurance for IT consultants, you get protection you can rely on.

You’ll have up to £5 million cover for legal defence and compensation costs – and you’ll also have the option of adding cover for data protection breaches and loss of business equipment.

 

Professional indemnity insurance for creative, marketing and media professionals

From designing websites and writing copy, to advising your client on how to manage their reputation, creative, marketing and media professionals like you provide expert advice day in, day out.

But even the smallest mistake, like making a typo on a client’s design to accidentally using a copyright-protected image without permission, could lead to an unhappy client and a big compensation claim.

With our professional indemnity insurance though, your legal defence and compensation costs are covered as standard. And you’ll have the option of adding defamation and breach of copyright cover too.

Here’s a small selection of the creative, marketing and media professions that we cover:

  • Designers (including graphic designers, web designers, fashion designers and interior designers)
  • PR professionals
  • Copywriters and proofreaders
  • Party planners
  • Videographers

 

Professional indemnity insurance for contractors

As a contractor, you know just how different one job can be from the next. And since your clients are relying on the wealth of knowledge and experience you bring to each project, you’re in a position of trust.

But not everything always goes to plan. And that’s when professional indemnity insurance for contractors comes in.

With up to £5 million cover to rely on, you’ve got peace of mind in knowing you’re covered if a client makes a compensation claim resulting from your services or advice.

Professional indemnity insurance may also be required by some clients – so purchasing cover can help make sure you’re best placed for all the business opportunities that come your way.

 

Other occupations

As well as the occupations listed above, we also provide professional indemnity insurance to around 200 other professions and occupations, including:

  • Management consultants
  • Training consultants
  • Estate agents – suitable for members of the National Association of Estate Agents
  • Programmers
  • Surveyors – complies with the requirements of the Royal Institution of Chartered Surveyors
  • Telecommunication consultants

 

If your occupation or profession isn’t listed, don’t worry. We may still be able to protect you.

Click on the button below to get a quote in a matter of minutes. And if you buy a policy online, you’ll save 10%. It’s the protection you’d expect from AXA – for less.

About us

At AXA Business Insurance, we give you the protection you need to grow your business, which is reflected in our Feefo customer service score of 4.8 out of 5 based on 4231 reviews as of 26 April 2016. We offer business insurance online to sole traders, self-employed people and small and medium-sized businesses, as well as landlord and van insurance – for business or personal use.

* 10% of our customers paid this or less for professional indemnity insurance between October and December 2018.

1 The survey of 300 small business owners was carried out for AXA Business Insurance by Taylor McKenzie Research and Marketing Ltd in April 2015.

2 AXA Business Insurance and Enterprise Nation Home Insight Report among nearly 800 home based business in March 2014.

3 Our 96% customer service rating (4.8 out of 5) is based on 4746 customer reviews on independent review system, feefo, as of Friday 9 September 2016.

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