Professional indemnity for insurance brokers

Underwriting protection


Sue first, ask questions later. Worried clients with this on their mind come to you to help keep them safe.

That's great for your business, but bad for your exposure.

Sell them the wrong policy or give them the wrong advice and they'll apply the same principal to you.

Professional indemnity insurance protects you – and means no more risky business.


Why do insurance brokers need professional indemnity insurance?

Well, apart from it being compulsory for FCA-regulated business, it's sound risk management. Something you know a great deal about.

It's simple numbers really: the more policies you arrange, the more potential problems there are. More renewal deadlines, more clauses to check, more cover to get right, more documents to look after.

Insurance brokers' PI insurance is all about protection – ostensibly for your clients. But we know it's really all about protecting you and your reputation.

Besides which, it makes sense to practise what you preach.

How much professional indemnity insurance do I need?

Firms subject to the Insurance Mediation Directive need to have a specified minimum level of cover.

These are: €1,120,200 for a single claim and €1,680,300 in the aggregate. We've made it easy by giving you the choice of either £1,000,000 or £2,000,000 level of cover.

Remember that these are minimums. Really, you can’t have too much cover. If you tell your clients to buy as much as they can afford, shouldn't you do the same?

What else do I need?

Public liability insurance is for when you go out and about on business, or have visitors to your office. It’s for claims of physical damage to property and people. Useful if you’re clumsy.

Employers’ liability insurance covers your business if an employee sues it for damages. Claims are usually because they’ve suffered injuries and illnesses as a consequence of working for you. It’s a legal requirement for UK businesses with employees.

Office and property insurance covers the things in your office (furniture, plants, fixed IT equipment etc) and portable insurance covers gadgets and technical equipment away from the office (laptops, tablets, projectors etc). If you’re not sure it’s worth insuring, add it all up – it’s probably worth more than you think.

Business interruption insurance means you can still work when your office is out of action. Be it flood, fire or flea infestation, you’re covered for the costs of setting up elsewhere and for any lost revenue in that time.

Directors’ and officers’ insurance covers your company bosses. Anyone from regulators to shareholders to competitors can accuse you of not running a business with due care. Worse, directors are personally liable for their actions. The good thing is this insurance covers your defence costs and any compensation you have to pay. So you can put away your chequebook.

Why should I buy my insurance from you?

Glad you asked.

The simple answer is: we know what we're doing. Professional insurance is all we do so we know what you need, even if you don't.

We also know that buying insurance can be, well, a bit of a pain. So we make sure getting yours is quick and hassle-free.

We do all that while treating you like a human being, too. You won't find a call centre here. Or a phone menu. And we've banned nonsense insurance jargon.

Anything else? Well, there's the great stuff you get, such as 10% off everything at MOO. We have an 'I'm insured!' badge for your website too – perfect for the professional professional.

Also, you get to talk about your business in front of thousands on our blog, and we'll give you money each time you recommend us.

Plus, every insurance-related question you can think of is answered in our School of Risk, and you'll get our quarterly risk advice email – 'The Waggle' – to help you avoid problems in the first place.

If you're after a second opinion, have a look at our customers' feedback. They're the ones you should really listen to.

Buy online in minutes. Less admin, more business!
yay banner image
  • Expert advice
    The know-it-alls it's good to know
  • Specialist policies
    Everything you need, nothing you don't
  • Plain English documents
    Shred your dictionary
  • No admin charges
    For anything, ever
What our customers say

Very easy to find the cover I wanted and to put it in place. That ease of doing business is key to me.

An efficient, convenient service.

All aspects of contact, quotation and putting cover in place were exemplary.

Refreshingly straightforward approach; very good people to deal with.

PolicyBee gave me an unbeatable quote online. The process was so easy and I was insured within minutes.

Feefo Feedback
More customer feedback feefo-slide-right

Need a helping hand?

No problem – we'll call you.

Jane Aldous - our interior designers' insurance expert

I'm Jane,
our interior designers' insurance expert.

Got a question? Need a quote? Call me on
0845 872 5081, or click
'Call me back'.