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:

Financial advisors
Insurance agents
Accountants
Mortgage brokers
Attorneys

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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Business insurance in less than 10 minutes

Get insurance in less than 10 minutes and you can save up to 25% in discounts*

Unique, flexible coverage with easy monthly payments

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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

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

Cover medical bills and lost wages if your employees have an accident at work.

Commercial Auto

Stay on the road with coverage for dents, tows and damage to someone else’s vehicle.

Tools & Equipment

Upgrade your general liability coverage to protect any gear that’s stolen, damaged or lost.

Commercial Property

Keep your building, inventory and equipment protected from fire or water damage.

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.