Professional Indemnity Insurance covers your legal liability when a client claims financial loss from your professional advice, error, or omission — protecting your practice, your reputation, and your assets.
Professional Indemnity (PI) insurance, also known as Errors & Omissions (E&O) cover, protects professionals when a client suffers financial loss and holds them responsible for negligent advice, mistakes, omissions, or breach of professional duty. The policy pays the legal costs to defend the claim and any damages awarded, up to the selected limit of indemnity. It also provides a retroactive period benefit on continuous renewal, claims arising from work done in earlier policy periods remain covered.
Errors & Omissions Cover
Covers all sums you become legally liable to pay as damages to a third party for any error, omission, or act of negligence committed while rendering professional services.
Retroactive Period Benefit
On continuous renewal, claims reported in a later policy year but arising from professional work done after the first inception date are still covered, protecting your entire professional history.
Group Policy Available
Professional associations and firms can take group PI policies covering all members of a profession under one policy. Group discounts on premium are available based on the number of insured professionals.
Click on your profession to see exactly what is covered for you under the Prestige Professional Indemnity Policy.
“The policy covers all sums which the insured professional becomes legally liable to pay as damages to a third party in respect of any error and/or omission committed whilst rendering professional service.”
Legal costs and defence expenses incurred with prior written consent of Prestige Assurance are also covered, subject to the overall limit of indemnity selected at policy inception. Only civil liability claims are covered. Criminal acts, violations of law, or dishonest acts are excluded.
What the Policy Pays
What Is Excluded
One client claim can cost more than years of fees. Prestige Professional Indemnity Insurance ensures that a single error doesn’t define your career, so you can advise, design, and consult with confidence.