Professional indemnity insurance

Shields you from financial losses due to alleged service errors or omissions.


What is professional indemnity insurance?

Professional indemnity insurance acts as a protective shield for professionals, particularly those who offer expert advice or services. It safeguards against claims from clients who believe your work led to their financial loss or harm.

This insurance covers the costs associated with compensating clients for legal fees and damages from negligent services or advice. Examples of professional indemnity insurance include medical malpractice, professional liability and errors and omissions insurance.

The advantages of professional indemnity insurance

Professional indemnity insurance offers many benefits, safeguarding owners against various risks and liabilities. These include:

  • Financial protection: If a client alleges your work led to their financial loss or harm, professional indemnity insurance covers legal costs and any compensation you might need to pay.
  • Protection for professionals: This insurance is particularly vital for professionals like lawyers, doctors, consultants, or architects, where errors can have significant consequences.
  • Peace of mind: With professional indemnity insurance, you can focus on your work, knowing you have a financial safety net to handle unexpected claims or legal disputes.

Which businesses should consider professional indemnity insurance?

Anyone providing services or advice in specialized areas can be held to the general standards of their profession, making them accountable for their actions. Given the potential liabilities, certain professionals must have professional indemnity insurance as an additional form of liability insurance.

These include:

NEXT gives you peace of mind

With NEXT, you have 24/7 online access to your plan and policies so you can manage your coverage when it suits you.

Simply answer a few questions online and customize your options to get a tailored instant quote. Once you’ve purchased your insurance, you can immediately access your certificate of insurance and share it 24/7 via the NEXT app.

Start a free instant quote with NEXT.

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Let’s find the coverage you need for your business
Business insurance is divided into different policies. We offer seven types so it's easy to design the coverage that fits your business.
General Liability insurance
General Liability
Protect yourself from accidents that cause physical injury or damaged property.
Professional Liability or Error and Omissions Insurance
Professional Liability/E&O
Shield yourself from lawsuits that claim your work errors caused financial losses.
Workers' Compensation Insurance
Workers’ Compensation
Cover medical bills and lost wages if your employees have an accident at work.
Commercial Auto Insurance
Commercial Auto
Stay on the road with coverage for dents, tows and damage to someone else’s vehicle.
Tools & Equipment Insurance
Tools & Equipment
Upgrade your general liability coverage to protect any gear that’s stolen, damaged or lost.
Commercial Property Insurance
Commercial Property
Keep your building, inventory and equipment protected from fire or water damage.
Business Owner’s Policy Insurance
Business Owner’s Policy
Combine general liability and commercial property into one policy to protect your business.
* To the extent permitted by law, applicants are individually underwritten, not all applicants may qualify. Individual rates and savings vary and are subject to change. Discounts and savings are available where state laws and regulations allow, and may vary by state. Certain discounts apply to specific coverages only.
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Issuance of coverage is subject to underwriting. Not available in all states. Please see the policy for full terms, conditions and exclusions. Coverage examples are for illustrative purposes only. Your policy documents govern, terms and exclusions apply. Coverage is dependent on actual facts and circumstances giving rise to a claim. Next Insurance, Inc. and/or its affiliates is an insurance agency licensed to sell certain insurance products and may receive compensation from insurance companies for such sales. Policy obligations are the sole responsibility of the issuing insurance company. Refer to Legal Notices section for additional information.