Call Us: 0333 321 1403

What is the difference between Professional Indemnity Insurance and Public Liability insurance?

Get your quote

PI vs PL Insurance

Professional indemnity insurance (PI) and public liability (PL) insurance are different types of business insurance that cover compensation claims.

Professional indemnity insurance explained

Simply put, professional indemnity insurance cover claims made by clients for professional negligence or mistakes, whereas public liability insurance cover claims made by members of the public for injury or damage.

 

How does public liability (PL) insurance work?

Public liability insurance covers claims of injury or property damage by a member of the general public against your business. This could include customers, clients, suppliers or passers-by.

Public liability insurance can also cover the cost of your legal defence, compensation payments, medical costs and loss of income as a result of the claim.

Click here for further information about Public Liability Insurance.

 

How does PI insurance work?

Professional indemnity insurance will cover claims made by a client for professional negligence or mistakes made in the work you have done for them.

Claims can be made due to perceived poor business advice, professional errors, defamation or libel, and sub-standard work.

Professional indemnity insurance can cover the cost of legal defence, compensation payments, any additional costs for rectifying an issue and loss of income as a result of the claim.

The key difference between public liability and professional indemnity is that public liability covers for risks of injury or damage, whereas professional indemnity is focused on cover for professional errors and negligence causing financial loss.

Examples of causes of professional indemnity claims include: a creative design agency misprinting an advert for a client containing incorrect contact details so the client misses out on sales enquiries, or a recruitment business accidentally forwarding on confidential client information, or a business management consultant offering a client advice that causes their client to suffer a financial loss.

Click here for further information about Professional Indemnity Insurance.

 

If you would like a quote for Professional Indemnity Insurance or Public Liability Insurance, please call 0333 321 1403 or click the button below.

Click here for a quick online professional indemnity insurance quote

 

 

 


Related Articles:

Why Do You Need Professional Indemnity Insurance?

What is the difference between professional indemnity insurance and public liability insurance?

What is Professional Indemnity insurance?

Professional Indemnity Insurance Quotes – What To Look For

How Much Professional Indemnity Cover Do I Need?

Freelancers Guide to Professional Indemnity Insurance

Find out more about PI here

Benefits

  • Competitive pricing
  • Dedicated handlers to assist with your queries
  • Documents issued instantly via e-mail
  • Access to your own claims team
  • Cover for legal defence costs and compensation bills
  • Monthly payments
4.8/5 4.85/5
  • "A very helpful, kowledgable and adaptable telephone advisor enabled discussion beyond standard questions in order to secure the most approprite insurance honed to my business deeds and relevant discounts. This led to the most comptitive quote over other larger companies."
  • "Used these before then changed to another broker who could not help me with an update to my insurance. Caunce O'Hara had no problem and set up my insurance in about five minutes. Highly recommended."
  • "Insurance Renewal - Plenty of warning up front as to renewal date, requests for any changes and quote. Reminder leading to actual renewal date. New certificates available on date agreed. Can't complain at all about the service."
  • "I have automatically renewed my indemnity insurance for several years but as I have gradually reduced work commitments I needed to discuss my options prior to making a decision about renewal.
    I found the person I dealt with very helpful and knowledgeable about my options."
  • "I have been with Caunce O'Hara for almost 12 years now and am always very pleased with their service and customer support as well as the costs for the cover."
  • "All correspondence has always been clear and reply to questions swiftly answered. Cost is very competitive. Would definitely recommend."
Read more reviews

Get in touch

Give us a call and tell us all about your indemnity requirements.

0333 321 1403

We're here for you Mon - Fri 8:30am - 5:30pm

Can't get through right now? Request a callback

Call me back

Latest Posts