091 563 518 cover@burkeins.ie
What Is Professional Indemnity Insurance

What is Professional Indemnity Insurance?

What is Professional Indemnity Insurance?

Professional indemnity insurance,  professional liability insurance or PI insurance. It is an insurance that covers legal costs and expenses incurred in your defence, as well as costs that may be awarded, if you are alleged to have provided inadequate advice, services or designs that cause your client to lose money.

The Professional Indemnity team are waiting to take your call now. On 091 563 518 Or get a quick quote here.

Do I need professional indemnity insurance?

Many professions need to have professional indemnity insurance as part of their industry body’s regulatory requirements. Even if you are not obliged to have PI insurance, without it, you could be liable for thousands of pounds worth of legal fees and compensation payments – not to mention lost income from the time spent defending any allegation.

Professions that might need professional indemnity insurance include (but are not limited to):

  • Management and business consultants marketing consultants, training consultants and education consultants
  • IT professionals including IT contractors, consultants, programmers and developers
  • Engineers and Architects
  • Recruitment agencies and recruitment consultants
  • Fitness professionals including personal trainers

The Professional Indemnity team are waiting to take your call now. On 091 563 518 Or get a quick quote here.