Professional Indemnity Insurance from £7.00/month

Professional indemnity insurance for UK consultants & firms

Professional indemnity (PI) insurance covers your business against claims that your advice, design or professional service caused a client financial loss. It's compulsory for solicitors, accountants, architects, surveyors, financial advisers, brokers and many design-and-build contractors — and is increasingly required by commercial clients, JCT contracts and local authorities for everything from IT consulting to marketing.

What PI insurance covers

• Negligent advice or service that causes the client financial loss
• Design errors — wrong specification, missed code, errors in drawings or calculations
• Breach of professional duty
• Defamation, libel and slander arising from your professional work
• Dishonesty of employees (including IP theft)
• Loss of documents in your care
• Defence costs for claims, including unfounded ones

Typical PI pricing in 2026

• Marketing consultant (£100k turnover, £250k PI): £35.00–£68.00/mo
• IT consultant / developer (£250k turnover, £1m PI): £75.00–£165.00/mo
• Architect (£500k turnover, £1m PI): £180.00–£385.00/mo
• Solicitor (per fee earner, £3m SRA minimum): £1,200.00–£2,800.00/yr per fee earner
• Surveyor (RICS, £1m PI): £220.00–£480.00/mo
• Financial adviser (FCA, £1.85m PI): £180.00–£950.00/mo

The "claims made" basis and run-off cover

PI is almost always written on a claims-made basis: it covers claims notified during the policy period, regardless of when the work was done — but only if the policy was in force continuously since the work. The moment you let PI lapse, all your historic work becomes uninsured. When you close or sell the business you need run-off cover for typically 6 years (longer for surveyors, architects and solicitors) to cover claims that emerge after you stop trading. We build run-off into every PI quote and remind you about it at renewal.

For a PI quote, call 020 8908 2426.