What are the typical professions that require Professional Indemnity cover?
If you offer your knowledge, skills or advice as part of your profession – either as a self-employed individual or for a company – you should consider taking out Professional Indemnity insurance.
Some professions are required to have Professional Indemnity insurance by their professional bodies or regulators – these include:
Accountancy
- Accounting & bookkeeping
- Payroll services
- Taxation consultancy
- Audit, Management consultancy
- Company registrar / company secretarial
- Executorships, directorships or trusteeships
- Insolvency, liquidation and receiverships
- Mergers & Acquisitions
- Corporate finance
- Fund management
- PLC work
- Financial services
- Mortgage broking
Construction (including Architects, Engineers and Design & Construction)
- Architectural services
- Quantity surveying
- Building services engineering (inc. electrical, mechanical and HVAC)
- Planning supervisory / CDM activities
- Town planning activities
- Civil / Structural engineering
- Project co-ordination
- Project management
- Land surveying / setting-out
- Cladding / curtain walling / glazing
- Foundations / underpinning / piling
- Soil engineering / site investigation
- Process engineering
- Chemical / petro-chemical engineering
- Nuclear / atomic engineering
- Naval / marine architecture
Surveyors
- Estate agency / lettings
- Investment agency
- Property management
- Auctioneering
- Quantity surveying
- Rent reviews / lease renewals
- Building surveying
- Land surveying
- Architecture
- Project co-ordination
- Project management, setting out
- Fine art auctioneering
- Building surveys
- Valuations
- Sole practitioners’ undertaking survey and valuation work
Technology
- Service provider – data warehouse / storage / hosting
- Consultancy – Advices on systems requirements (no sale)
- Consultancy – Project management (including sales)
- Service provider – Web hosting
- Software – Distribution of third party software
- Software – Package writers
- Software – Customised or tailored Software – Bespoke
- Telecom hardware
- Manufacture of electronic components
- Manufacture of computers and other information processing equipment
- Internet service providers
- Manufacture of process control equipment
- Manufacture of accumulators, primary cells and batteries
- Manufacture of electronic valves and tubes and other electronic components
- Games developers
Many other businesses choose to take out professional indemnity insurance to protect themselves against claims and for peace of mind – examples of these include, but are not limited to, the following:
- Advertising agencies
- Agricultural / Farming Consultancy
- Brand Development Management
- Business Advisory Service
- Business Training Consultancy
- Careers Advisory Service
- Caretaking Services
- Charities
- Counselling Service (not Psychotherapy)
- Design agencies
- Dietician
- Estate Agents
- Event Organisers
- Financial Advisors
- Fire Risk
- First Aid Trainer
- Garden Design
- Gym/Fitness Instructors
- Health & Safety Consultants
- Health & Wellbeing
- Home Tutors
- Human Resources Consultancy
- Interior Designers
- Jewellery Consultancy
- Marketing agency
- Media agency
- Music Teaching
- Nutritionist
- Party Planners
- Photographer
- Property Consultants
- Public relations agencies
- Recruitment Agency
- Security Consultancy
- Solicitors
- Trade Associations
- Travel Consultancy
- Wedding Planners
- Will Writing
Remember: If you offer your knowledge, skills or advice as part of your profession – either as a self-employed individual or for a company – you should consider taking out Professional Indemnity insurance and possibly a Cyber Insurance extension
