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Safeguard your company from lawsuits arising from errors, omissions, negligence, defamation or other mistakes. This is a must-have insurance for businesses that offer professional advice or consultancy services.
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Insurance for
Starts from
Your BLACAZ. management fees on us when you sign up for your annual premium
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Professional Indemnity: What’s included?
Offer professional advice or consultancy services? Then you’re at risk of legal action taken being taken against you, should mistakes occur. BLACAZ. Professional Indemnity insurance keeps your business safe if this happens – covering your costs for legal defences and damages.
Indemnity for any sum
Be indemnified for damages following a claim.
Indemnity for Negligence, Errors and Omissions
Should your business be made to pay damages as a results of negligence, errors or omissions (made by any employee), your plan will help to cover the damages.
Defence expenses
Your plan will help to pay for the expenses incurred while defending against claims, giving you assurance that you’ll have the cashflow to properly – and legally – defend your business.

Frequently Asked Questions

Find the replies to your questions right below or connect with us!
What is professional indemnity insurance?

Professional indemnity insurance protects individuals and businesses against legal liability resulting from a breach of their professional duty. It is considered an industry standard for IT professionals, marketing and business consultants, accountants, designers, recruitment agencies, and other entrepreneurs and businesses that provide professional services.

This insurance helps businesses to stay protected against expensive litigation efforts, and includes legal representation fees and legal damages.

What does professional indemnity insurance cover?

In general, professional indemnity insurance covers businesses against:

  • Professional negligence: This is the result of a mistake made during the course of your professional duties, and can include anything from providing your client with incorrect legal advice to playing the wrong music during their wedding march-in, causing them to sue you for professional negligence.
  • Breaches of confidentiality: Liability lawsuits resulting from a business (or. You) accidentally disclosing confidential information without your client’s expressed consent. If the shared information contains protected intellectual property, they could sue for a breach of confidentiality.
  • Misrepresentation: This happens when your business (or you) promises to deliver a specified level of service and fails to deliver on the commitment. When this happens, your client may sue for misrepresentation and/or a breach of contract. If the breach was an oversight and not a deliberate act, your insurance policy will cover this.
  • Defamation or libel: A lawsuit resulting from your business (or you) slandering a third-party’s reputation by carelessly putting out a false statement that damages their reputation or causes harm to them. If this happens, the third-party can sue for the damages caused.
  • Intellectual property/patent infringement: Should you misuse intellectual property or infringe on a patent belonging to another person/company, the party could suffer a loss because of your infringement. Should this occur, the IP/patent holder could sue to recover their perceived/calculated damages.
What does professional indemnity insurance not cover?

Most professional indemnity insurance policies share these common exclusions:

  • Asbestos exclusion
  • Computer virus exclusion
  • Excludes any claims or circumstances that may lead to a claim if you were aware of them before the start of the period of insurance
  • Excludes any employment-related claim
  • Excludes any fines, penalties or punitive damages identified separately by the court
  • Excludes claims brought from or in the United States of America or Canada
  • Excludes claims from parties who have a financial or controlling interest in you or who are covered by this policy
  • Excludes any dishonest or fraudulent act or omission by a director, partner or principal
  • Excludes the management of financial transactions via the internet, or obscene, blasphemous or pornographic material on the internet
  • Excludes the excess shown on the policy schedule for each and every claim
  • Financial services exclusion
  • Insolvency exclusion
  • Onerous contracts exclusion
  • Property damage exclusion (unless it arises from a breach of professional duty)
  • Recall costs exclusion
  • Terrorist act exclusion
  • Third party deliverables exclusion
How much does Professional Indemnity usually cost?

There are many factors that influence the precise cost of professional indemnity insurance, these include:


Certain professions carry more risk than others. For example, consultants can expect to pay lower premiums that professionals working in investments or attorney (due to the risks and potential liabilities involved).

Business size

The size of your business will also influence your premiums. For instance, if you are a solo-practicing lawyer, you can expect to pay less than a firm with five attorneys. (Do note in this specific situation, the legal profession, the amount of experience you and your colleagues have, will determines your insurance premiums.)

Claims history

Your insurer will also look into your claims history to determine the amount of risk your policy is taking on. The few claims you have made in the past, the lower your premiums will be (and vice versa) for the future policy period. A professional indemnity insurance policy is written on a claims-made basis, meaning that it will cover the events and claims made against you during its validation period.

Work with your broker to ensure you get the right amount of coverage you need. If you don’t have a policy in place, or think you might be underinsured, speak with our consultants for advice on the best coverage options for your business.

Sign up on the BLACAZ. digital platform and get your tailored quote.

Our company already has a professional indemnity plan. Can I switch insurers?

If your policy is due for renewal soon, switching is easy! Your new BLACAZ. Professional Indemnity plan can take effect immediately after your existing one expires.

Even if your policy’s expiry date is some time away, you can secure your BLACAZ. Professional Indemnity plan today, and when it’s time for the switch, we’ll make sure the transition is seamless.

Have more questions?

We’ll be happy to help, just contact us and our team will get back to you soon.

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Need more information? Schedule a consultation with us,
or download our brochure.