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PROFESSIONAL INDEMNITY FOR CONTRACTORS & CONSULTANTS
Protect your reputation, income and contracts
Professional Indemnity Insurance protects contractors from claims that your work, advice, or deliverables have caused a financial loss to a client. Essential for IT, engineering, consulting, marketing, finance, project management and technical contractors.
Why contractors need Professional Indemnity Insurance
Most UK clients now require PI insurance for onboarding, particularly for contractors working outside IR35. It protects against claims of professional negligence, incorrect deliverables, project delays, data errors and more.
- Required for outside IR35 contracts
- Often mandatory for onboarding through agencies
- Protects against financial loss claims
- Covers mistakes, errors, omissions & incorrect work
- Ensures compliance with client contract terms
- Vital for industries where advice affects operations
What Professional Indemnity Insurance covers
PI protects you when a client accuses you of causing financial loss through your work, advice, or services.
Core PI cover includes
- Professional negligence
- Mistakes, errors & omissions
- Project delays caused by your work
- Incorrect advice or deliverables
- Breach of professional duty
- Unintentional breach of contract
Optional extensions
- Cyber & data liability
- Intellectual property (IP) risks
- Mitigation of loss extensions
- Contract dispute protection
- Public & Employers Liability packages
Which contractors need PI Insurance?
Common professions
- IT contractors & software developers
- Business analysts
- Project managers & PMO consultants
- Marketing & digital consultants
- Engineering & technical contractors
- Finance, accounting & auditing contractors
When PI is mandatory
- Outside IR35 contract roles
- Agency onboarding requirements
- Framework or client tender requirements
- Where you advise, design or deliver technical work
- Where you access confidential or sensitive information
Insure24 helped me secure PI insurance required for an outside IR35 contract within 30 minutes. Clear, fast and reliable.
IT Contractor – FinTech SectorFREQUENTLY ASKED QUESTIONS
+>-Do outside IR35 contractors need PI insurance?
Yes. Most outside IR35 contracts require PI cover as evidence you are genuinely providing a professional service.
+>-What limit of indemnity do I need?
Common limits include £1m, £2m, £5m or £10m depending on your work, client, and contract requirements.
+>-What industries require PI?
IT, engineering, consulting, finance, technical services, design, project management and many others.
+>-How quickly can I get covered?
Most contractors receive cover within 10–20 minutes.