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20) Does your organisation have professional indemnity insurance?

August 30, 2022
Professional Indemnity Insurance

Answer yes if your organisation holds a valid professional indemnity insurance policy. Please provide the certificate of insurance (as a PDF file) as evidence.

Professional indemnity insurance protects you against claims for loss or damage made by clients or third parties as a result of the impact of negligent services you provided or negligent advice you offered. Compensation claims can be brought against you even if you provided a service or offered advice for free.

Do I need it?

If you offer your knowledge, skills or advice as part of your services it is good business practice to take out professional indemnity insurance.

Some professions are required to have professional indemnity insurance by their professional bodies or regulators. For example, in the UK these include:

  • Legal counsel
  • Accountants
  • Architects
  • Chartered surveyors
  • Financial advisers
  • Some healthcare professionals

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