Professional Indemnity

Liability insurance for professionals

Professional indemnity insurance protects professionals from claims of negligence or professional misconduct made against them by their clients, providing peace of mind that their legal defence costs and potential damages will be covered.

The DUAL Professional Indemnity team specialise in providing both primary and excess layer professional indemnity policies.

Who we work with

DUAL Professional Indemnity considers risks from sole practitioners, SME’s, and larger practices.

Why choose DUAL for professional indemnity insurance?

Expert underwriters

The DUAL Professional Indemnity team is highly knowledgeable. With an average experience of 15 years, our underwriters navigate complex risks to try and achieve the best possible outcome for you and your client.

Customisable cover

Our products can be tailored to suit the needs of your clients. With our diverse range of expertise, we have the flexibility to cover a wide range of risks, including many bespoke risks.

When a broker comes to us with a hard-to-place risk, we have the expertise and experience to assist in finding a solution.

Excellent products

Our wordings are written by in-house specialists, designed to address the unique needs of professionals from individual contractors to large firms.

Quality service

We are available five days a week, offering face-to-face and virtual appointments. Working with brokers on an exclusive basis, we will always work with you when you are the first to come to us with a risk.

A trusted partner in a claim

We provide an exceptional claims service. Our in-house claims team works alongside our legal partner Kennedy’s to support your client each step of the way.

Free collateral warranty service

Our legal partner Kennedy’s are on hand to provide legal advice to help construction and design firms enter contracts with confidence.

Governing body accredited

We are accredited by the Royal Institution of Chartered Surveyors (RICS), allowing us to write policies for both RICS and non-RICS accredited surveying firms.

Trends in the professional indemnity insurance market

Here are some of the key trends in the professional indemnity market affecting brokers and their clients in 2023.

Claims inflation

Inflation is increasing the cost of handling claims. For example, constructions firms who are liable to rebuild a building may find that the costs to do so have vastly increased.

Claims inflation can put professionals at risk of being underinsured if they do not take price rises into account when buying their cover.

Fire safety regulations

The 2022 Fire Safety Act implemented many of the recommendations made by the Grenfell Tower Inquiry aimed at improving the fire safety of buildings.

Responsible persons now have new legal duties placed on them, making them more vulnerable to claims of negligence. They may need to buy more cover than before to reflect their increased risk of suffering a claim.

Potential pitfalls – where people go wrong buying professional indemnity insurance

Here are some common mistakes buyers make and how they can be avoided.

Buying the wrong amount of coverage

Professionals need to consider their unique risk when directing their broker.

They may not buy enough coverage because they underestimate the degree of risk they face, leaving them exposed to losses in the event of a claim. Alternatively, they might waste money buying coverage they do not need.

At DUAL, we have flexible risk-based pricing that you can tailor to your client’s needs, achieving their required coverage with accurate premiums.

Giving brokers the wrong information

Professionals must ensure that they give their broker the correct information.

Unclear or missing information slows the application process down, potentially leading to a delay in coverage and leaving professionals exposed to a claim.

We work with brokers to make the application process as simple as possible, with minimal paperwork and fast turnaround times.