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Professional Indemnity Insurance

Professional Indemnity Insurance

Looking for a quote for professional indemnity insurance? Make sure your business is protected for professional advice, service, design or supervision.

Why Choose Us?

Watkin Davies provides bespoke Professional Indemnity Insurance across a variety of sectors.  Our team of experts work with you to ensure that we provide a comprehensive solution taking into consideration policy coverage, wording and extensions, including where required, industry compliant wordings, such as RICS, ACCA/ ICAEW or SRA.

We source compatible solutions from a number of market leading insurers, taking into consideration the risk features of each individual organisation we work with to ensure that we deliver cost effective policies for our clients

What is Professional Indemnity Insurance?

Professional indemnity insurance is an important type of business insurance, especially for businesses that give advice or provide a professional service to clients. It can cover compensation claims if a business is sued by a client for making a mistake that leads to financial loss.

The businesses that usually decide they need professional indemnity insurance (sometimes called PI insurance) are those that give advice, offer a professional service, or handle client data or intellectual property. It’s therefore important for many business types, from accountants to architects.

Some professional bodies or regulators demand that their members or the businesses they regulate hold professional indemnity insurance. This applies to solicitors, accountants, architects, chartered surveyors, financial advisers and some healthcare professionals.

Other businesses will decide to take out a policy anyway, to protect them financially and help them win contracts. After all, in many cases clients will only do business with you if you are properly protected. A good professional indemnity policy helps to provide you and your clients with peace of mind.

What Does It Do?

Professional indemnity insurance can cover compensation payments and legal fees if a client makes a claim against you. The compensation payment will usually take into account the financial loss that the client has suffered.

Imagine, for example, that you are handling client data, but you or an employee copies the wrong person into an email when sending on the data. Your client sues you for breach of confidentiality. In this case, your professional indemnity insurance could pay for the cost of the compensation claim, along with legal expenses..

Coverage Extensions

In certain situations or professions, it would be common to include extensions to cover the following;

  • Collateral Warranties
  • Cover for any other person or firm acting jointly with the insured
  • Continuation of cover beyond the date of cancellation in the event of the firm being wound up, to allow a period for claims to be made following negligent acts committed prior to the closure of the firm
  • Liability for breach of warranty of authority, in case an insured takes an action in good faith on behalf of a client which they are, in fact, not authorised to do
  • Fidelity guarantee (Employee Dishonesty)
  • Loss of Documents
  • Defence of Criminal Proceedings (such as claims arising under Building Regulation or Health & Safety Legislation)

Our areas of expertise include:

Architects & Engineers, Design & Construct (Construction including; Building, Civil Engineering, Electrical, Cladding & Roofing, Scaffolding etc), Media & Technology, Legal Professions, Accountants, Green Technology & Renewables, Environmental Consultants, Training (Health & Safety, Fire & Security, Coaching & Education etc), Surveying, Recruitment, I.F.A’s, Insolvency Practitioners, Management Consultants, Medical (Medical Malpractice), Marine & Offshore, plus other Miscellaneous Professions.

Talk to the experts and let us find the right policy for you

Try us out and see how we can help make finding the right insurance cover that little bit easier for you.

Cardiff 02920 626 226
Newport 01633 250 282
Ystrad Mynach 01443 816 099

What Our Customers Say

Google Reviews
79 Reviews

Mal Elwood

1 year ago

"Very efficient, always friendly and helpful. I have used Watkin Davies for years, and they have always been competitive. I received great support recently when I had to make a claim, so I'd highly recommend them."

A Ali

1 year ago

"I was very impressed with the quality of the service - it was outstanding. The advisor, Ms Spear went above and beyond to give me the best driving insurance policy. The policy I have received is exactly what I was looking for. Thank you so much Ms Spear!"

Adam Kearns

1 year ago

"I've used Instructorcover Plus for my driving instructor insurance for a number of years. Not only are prices competitive, even at renewal, but customer service is fantastic. Call operators are always cheerful and incredibly helpful. Everything is always sorted in a single call, saving valuable time. Highly recommend."

Macca Ginger

11 months ago

"Absolutely superb service from the team, particularly Natalie. Very easy and simple process"

steve rudgley

11 months ago

"As aways very efficient"

Barrie P

10 months ago

"I have used InstructorcoverPlus for my driving tuition insurance for a number of years. Their prices are always competitive and everyone I speak to is friendly and helpful."

Kathryn Parkes

10 months ago

"Ceri was very helpful and knowledgeable on the phone"

John Gabriel

8 months ago

"Karrie Brewer was so helpful today, especially as one insurance company would not quote, so had to shop around for us, many thanks"

Sulman Khosty

8 months ago

"Kelly is amazing. Very helpful and friendly, did a great job today with helping me out to get insured. Amazing service!"

Andy Amadi

9 months ago

"Great service. Got my first driving instructor insurance with this firm. Price was competitive and customer service provided by Jane was great. I will definitely recommend the service."

Lynne Turner

10 months ago

"Team were very helpful when it came time to renew my policy, taking the time to check and make any amendments needed. Would highly recommend."

Nikki Mellin

10 months ago

"5 stars!"

Pam Durbin

11 months ago

"Excellent service from Watkin Davies as per usual. I love the way they do all the hard work researching best quotes and provide you with your options. All the staff are very friendly and professional, I have to highlight Ceri who always does a fantastic job for me and my family."

Steve P

1 year ago

"Really helpful and efficient customer service, friendly and knowledgeable too. I would highly recommend InstructorcoverPlus."

Ricki Dango

1 year ago

"I m a returning customer and what a wonderful experience. Emma is new to her role but she was very helpful and polite throughout. She got the quote done very quickly and managed to beat all my other quotations. I therefore didn't have to waste any more time. Further she offered me three instalments at 0% which is helpful in this current economic climate. The paperwork was sent straight away. Highly recommended."

Gary Williams

1 year ago

"Once again, could not have been more helpful! Still a pleasure to speak to a 'real person' who knew what they were talking about!"


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About Watkin Davies

Watkin Davies Insurance Consultants is an independent Insurance Broker and a trading name of A-Plan Holdings, our head office is in Cardiff, in the village of Whitchurch close to the M4 motorway. The business was established by Roger Watkins in 1978 and is the trusted insurance broker to many individuals and businesses throughout the UK. We are proud of our independent status and pride ourselves on our customer service.

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  • We are proud of our claims service, our aim is to provide our customers with a first class service and ensure settlement is met within our customers expectations.
  • We have a highly skilled team, working hard to understand our customers requirements and needs & pride ourselves on customer service.
  • We have access to a comprehensive panel of insurers that allow us to provide cover you need at a competitive premium.
  • The business was established by Roger Watkins in 1978 and is the trusted insurance advisor to many individuals and businesses throughout the UK.

Watkin Davies & InstructorcoverPlus is a trading name of A-Plan Holdings, which is authorised and regulated by the Financial Conduct Authority No. 310164. Registered in England and Wales under company registration number 750484. Registered Office: 2 Des Roches Square, Witney, OX28 4LE. Calls may be monitored and recorded for quality assurance purposes.
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