Professional indemnity insurancecovers the cost of compensating clients for loss or damage resulting fromnegligentservices or advice provided by a business or an individual.Do I need it?If you offer your knowledge, skills or advice as part of your profession – either as a self-employed individual or for a company – you should consider taking out professional indemnity insurance.Some professions are required to have professional indemnity insurance by their professional bodies or regulators– these include:Solicitorsfor more information seesolicitors' professional indemnity insuranceAccountants for more information see the Financial Reporting Council websiteArchitects for more information see the Architects Registration Board websiteChartered surveyorsfor more information see the Royal Institution of Chartered Surveyors websiteFinancial advisersfor more information see the Financial Reporting Council websiteSome healthcare professionalsfor more information see the Health and Safety Exec...
