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At Baldersons Insurance, we pride ourselves in providing you with the best and more cost effective cover you need. We have access to many policies and compare so that you do not have to. Our comprehensive knowledge in all insurance fields means that we will be able to help you every step of the way.
At Baldersons Insurance, we understand that even the most experienced professionals can make mistakes.
That’s why our Professional Indemnity Insurance is designed to protect your business from claims made by clients for losses caused by negligent advice, services, or designs—whether it’s your error or that of your employees.
This essential cover shields your small business from potentially devastating legal and financial consequences, including costly compensation claims and damage to your hard-earned reputation. In today’s world, even a minor oversight can lead to a major dispute.
Key risks Professional Indemnity Insurance can protect you against:
Professional negligence – such as giving incorrect advice or making a mistake in your work.
Intellectual property infringement – unintentionally using copyrighted content, trademarks, or branding that belongs to someone else.
Loss of documents or data – where important client information is lost, stolen, or damaged while in your care.
Employee dishonesty – including the theft or misuse of a client’s funds or sensitive information.
At Baldersons, we tailor cover to suit your specific profession and risk profile, ensuring you’re fully protected where it matters most.
Albert Einstein
You’re good at what you do and have confidence in the quality of your work. So why do you need professional indemnity insurance? The reality is that any small business providing a professional service that can be challenged is vulnerable to a claim of negligence when the advice or service fails to meet a client’s expectations. From allegations of a breach of copyright to accusations of defamation, these kinds of claims can be costly and disruptive regardless of whether they’re fair or not.
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Professional Indemnity Insurance works in a number of ways.
It will cover you if you make a mistake in the professional services you have provided should this lead to a dispute with a client. If the dispute becomes complicated, your insurer can defend your claim – right through to the High Court, if necessary. Even if you lose, the policy will still cover you for any damages you then become liable for, subject to the level of cover your business is insured for.
Professional Indemnity Insurance will also cover the cost of fixing any mistake on your part, which will potentially help you avoid a larger claim being made. You are also protected by your professional indemnity insurance policy if you lose or damage any clients’ documents or if one of your employees are involved in the theft of a clients’ money.
Baldersons Commercial Insurance Services can save you time and money on your professional indemnity insurance. We compare the professional indemnity insurance policies of all the main commercial insurance companies to find you the right cover at the right price.
The amount of cover your small business needs depends entirely on the type of services it provides, so there is no general rule of thumb for how much cover your business will need. You know your business best and the sort of exposure it faces.
When deciding on the amount of Professional Indemnity cover to have you should consider the value of the work you are doing for your clients and the potential financial impact on them should it go wrong. Other than that, it’s advisable to buy as much cover as you can afford.
Sometimes your client will set a minimum limit of the indemnity they require before you can work with them. This can depend on the specific nature of the services you’ve been contracted to provide, or they could have a set limit for all their service providers. Many UK government departments for example will require their contractors and consultants to have at least £5 million of cover.
It is also worth considering taking retroactive cover for work that you’ve already completed before the policy commences. This means that your professional indemnity insurance policy will cover you for any claims arising out of work you completed in the past. You will be given the option of taking out retroactive cover when you get your professional indemnity insurance quote.
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