Hi all,

what level of cover do you think is the right amount for professional indemnity insurance?

You need to look at your largest customers and think about how much you would need to

• pay someone to correct the mistake you have made
• deal with the legal costs both yours and theirs
• cover any loss of business
• provide compensation
• etc

also check your contracts sometimes customers will specify an amount.

Then when you obtain quotations check the limit as they will either be

• any one loss
• in the aggregate per insurance year
• the limit can include legal costs or be in addition to

Like with anything lowest cost is not always the best