Hiscox explains: Professional indemnity insurance


Last updated: .
Authored by Hiscox Experts.
1 min read
 
Read the Hiscox explanation for professional indemnity insurance

Professional Indemnity Insurance. Let’s make this interesting... 

Picture your business a bit like my hedge here. With some skill, craft and a bit of determination, you’re turning it into something you’re proud of. 

But no matter how skilled you are, no matter how well planned it doesn’t always work out. 

Negligence, defamation, breach of confidential data. All it takes is something going wrong and…

But that’s where PI comes in. If your business is accused of making a mistake, small or big, 

Professional indemnity insurance can cover you for compensation of legal fees so you can go back to shaping your business.

And that explains Professional Indemnity insurance.

Disclaimer:
At Hiscox, we want to help your small business thrive. Our blog has many articles you may find relevant and useful as your business grows. But these articles aren’t professional advice. So, to find out more on a subject we cover here, please seek professional assistance.


Hiscox explains public liability insurance hero image

Hiscox explains: Public liability insurance 

Hiscox explains public liability insurance. What is public liability insurance and why might small businesses might need it? 

Contract signing

Six professional indemnity risks to your business you probably haven’t thought of

Understanding the risks covered by your professional indemnity insurance policy.

Closing laptop in a cafe

What should you think about if your business stops trading? 

There may be a day that your business will have to stop trading. Learn about what considerations you'll need for your professional indemnity policy if you do stop.

Hiscox Experts

The Hiscox Experts are leaders valued for their experience within the insurance industry. Their specialisms include areas such as professional indemnity and public liability, across industries including media, technology, and broader professional services. All content authored by the Hiscox Experts is in line with our editorial guidelines.