What is not covered by professional indemnity insurance?

Professional Indemnity (PI) insurance protects you against claims of negligence, errors, or omissions in your professional advice or services. However, there are several common exclusions to be aware of:

• Fraud, dishonesty, and illegal acts – It does not cover deliberate wrongdoing, criminal activity, fraud, theft, or malicious conduct by you or your staff.
• Bodily injury and property damage – Physical injury or damage to property is generally excluded and is usually covered under Public Liability insurance (with limited exceptions where it directly results from professional advice, such as faulty designs).
• Business and financial losses – This includes trading debts, unpaid invoices, insolvency, or having to refund your own professional fees.
• Contractual and employment issues – It typically excludes liabilities taken on beyond your normal duty of care under contract, as well as employment-related claims like unfair dismissal, discrimination, or workplace injury claims.