Do I really need professional indemnity insurance?

Whether you need Professional Indemnity (PI) insurance depends on the type of work you do and any contractual requirements you have. If your role involves providing advice, professional services, or design work, having PI insurance is usually important as it helps protect you against claims arising from negligence, mistakes, or omissions.

You may need Professional Indemnity (PI) insurance if your work involves:

• Providing advice or consultancy services – such as business consulting, accounting, or public relations, where clients rely on your professional expertise.
• Preparing designs or specifications – including professions like architects, engineers, and building designers, who are subject to strict regulatory and safety obligations.
• Meeting legal or regulatory requirements – certain professions, including legal practitioners, tax agents, and healthcare professionals, are often required to hold PI insurance to maintain their registration or licence.
• Working under client contracts – many clients require proof of adequate PI cover, usually in the form of a certificate of currency, before engaging your services.