Professional Indemnity (PI) Insurance
Protecting businesses’ reputations and ambitions
A business’s expertise, data, and services offered are the foundations of its success – and its ambitions for the future. And yet, these fundamental elements can be the source of significant risk exposure, no matter how diligent businesses are. Travelers is a market leader in professional indemnity (PI) insurance, with the insights and experience to instinctively understand the risks each organisation faces.
We know that a PI policy for lawyers doesn’t translate to accountants, architects and professionals in other fields that are required to carry PI cover. That’s why we take the time to get to know each industry before we offer the appropriate protection.
In every sector we work with, our PI cover protects against claims made for damages caused by work or services undertaken, whether it be a mistake, negligence or incorrect advice. So that we can empower businesses to improve their risk profiles and drive down costs. Because professional indemnity insurance is more than just protection. It’s an investment in the future.
Explore professional indemnity subsectors
Solicitors & law firms
With our years of experience, we are uniquely positioned to provide professional indemnity insurance for law firms and solicitors that offers seamless support, service and true partnership.
PI for professions
Our professional indemnity (PI) insurance covers a diverse range of industry sectors in the UK. From accountants to management consultants, our cover can give you the peace of mind to focus on running your business.
Spotlight video: Solicitors' Professional Indemnity insurance
Discover the key highlights of our Solicitors' PI insurance, in just three minutes. Watch James Graham, Managing Director for Professional Indemnity - Bond & Specialty, as he shares an overview of who our cover is designed for and what sets Travelers apart.
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Logo: A red umbrella. Text: Travelers. Spotlight on Solicitors Professional Indemnity
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Text: Overview of Travelers Solicitors Professional Indemnity Insurance. James Graham, Managing Director - Professional Indemnity – Bond & Specialty
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We first entered the Solicitors Professional Indemnity market back in 2000 and have been a prominent insurer in this sector ever since. Back when we started, we had a team of four people working across our solicitors product – today the team has grown five-fold.
Our product complies with the SRA minimum terms and conditions, and provides additional benefits including accidental damage to documents, compensation for court attendance, and Personal Accident cover for 2-15 partner firms. We can also offer additional benefits on request, such as regulatory defence costs cover.
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Text: Additional benefits include:
- Accidental damage to documents,
- Compensation for court attendance
- Personal accident cover for 2-15 partner firms
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And more importantly, our dedicated Risk Managers bring critical data and resource analysis to our clients, enabling them to identify and manage their own risk. We also provide a post-claim wellbeing service to support any individuals affected.
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Text: Why does a business need this insurance?
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For firms that qualify within our criteria, we offer early renewals, which makes the renewal process easier and more streamlined for our clients.
We also provide various limit options from the mandatory limit up to £10m for primary policies and on a 100% basis, without the need for co-insurance providing greater certainty and better efficiency when claims are made and handled.
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Text: Who is this product for?
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We can consider any size of law firm, based either internationally or in England and Wales, which is regulated by the SRA.
We also offer products for registered Freelance Solicitors, Law Centres and unregulated Legal Advisors.
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Text: Our appetite includes:
• Sole practitioners & freelance Solicitors
• 1-10 & 11+ partner firms
• Start ups - global & overseas law firms
• Unregulated legal firms
• Not-for-profit law centres
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Text: Why Travelers?
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At Travelers we aim to be more than just an insurer. We are a trusted partner to our legal clients, providing advice and support both before and after a claim is made against them.
With legally trained underwriters and solicitors in both our claim and risk team, along with our longstanding partnership with the Law Society, we understand what firms really need.
And finally, Travelers in-house claim team of qualified solicitors brings extensive experience across multiple jurisdictions and practice areas.
When you choose Travelers, you're not just buying insurance – you're gaining a trusted partner. Our dedicated team of legally trained underwriters, qualified solicitors, and risk managers work alongside you to protect what matters most. Your CLIENTS.
Travelers advantage
In a dynamic world, things don’t always go to plan. Travelers offers expertise you can count on to address diverse risks thanks to a detailed and bespoke underwriting process.
- Financial strength. Financial strength and stability with international reach.
- Experience & expertise. Long-term industry experience combined with deep specialist underwriting expertise.
- Superior claims service. Expert Claims teams focused on delivering superior service.
- Dedicated risk managers & consultants. Access to risk consulting from trusted experts.
- Multinational reach. Tailored coverage and support in more than 150 countries.
- In-house legal services. In-house law firm that works with customers on claims where legal action is being taken against them.
Let’s start the right conversation
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Related services
Risk services
Businesses aren’t all alike. That’s why Travelers provides superior risk management services tailored to a company’s specific needs.
Claims services
When claims happen, our best-in-class service helps to resolve them quickly and effectively, so clients can get back to business.
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