Professional Indemnity Insurance for Self-Employed Creatives

Flexible cover designed to protect against potential claims for errors, omissions or professional negligence.

Professional Indemnity Insurance for Self-Employed Creatives

Flexible cover designed to protect against potential claims for errors, omissions or professional negligence.

For creative freelancers, your expertise, advice and services are your brand.

But what happens when a client believes your professional guidance led them astray? Professional indemnity insurance is your shield against claims of negligence, ensuring your reputation remains untarnished.

Shield icon

What is Professional Indemnity Insurance?

Professional indemnity insurance, often referred to as PI insurance, is designed to cover potential claims for errors, omissions or professional negligence.

This could relate to a mistake in your work, incorrect advice given or unintentional breach of confidentiality.

In essence, it's a safety net for the professional advice and services you offer.

Why Do Self-Employed Creatives Need Professional Indemnity Insurance?

The creative world is subjective, and even with the best intentions, misunderstandings can arise.

Purple tick shield icon

Protect Your Reputation

A claim against your professional advice can tarnish your image. Insurance helps you manage such situations with grace.

Purple tick shield icon

Financial Security

Legal fees and compensation costs can be very expensive. PI insurance can cover these so you are not out of pocket.

Purple tick shield icon

Client Confidence

A lot of companies now require their collaborators, suppliers and partners to have Professional Indemnity insurance, so having a policy in place helps to showcase your professionalism.

Purple tick shield icon

Peace of Mind

Focus on your craft, knowing you're protected against potential claims.

What Does Professional Indemnity Insurance Cover?

While cover can vary depending on the policy, typical inclusions are:

  • Negligence or breach of a duty of care
  • Negligent misstatement or negligent misrepresentation
  • Breach of the APA Agreement for the Production of Commercials
  • Infringement of intellectual property rights including copyright, patent, trademark, music rights, performance rights, broadcasting rights or moral rights or any act of passing-off
  • Breach of confidence or misuse of any information, which is either confidential or subject to statutory restrictions on its use
  • Defamation
  • Product disparagement or breach of any comparative advertising regulations
  • Infringement of any right to privacy
  • Dishonesty of your employees or self-employed freelancers directly contracted to you and under your supervision

Factors Influencing Professional Indemnity Insurance Costs

There are several elements that can determine the cost of your self-employed Professional Indemnity insurance:

  • The nature of the work you do, as high-risk professions might have higher premiums.
  • How much cover you require, with the higher the limit of indemnity, the higher the premium.
  • If you have had claims made against you in the past you may face a higher premium.

Why Choose Mode Insurance?

Your expertise and creativity are unique, and so are the challenges you face.

At Mode Insurance, we understand the nuances of the creative industry. With us, you're not just getting cover; you're gaining a partner who understands the intricacies of the creative world.

Example Insurance Packages

Base Insurance Additional Insurance Duration Price
£2m Public Liability cover£10k Equipment cover UK & EU1 Week£73.92
£1m Public Liability cover£5k Equipment cover UK & EU1 Year£140.00
£5m Public Liability cover£5k Equipment cover UK & EU1 Year£212.80
£5m Public Liability cover£50k Equipment cover UK & EU3 Months£716.80
Base Insurance Additional Insurance Duration Price
£2m Public Liability cover£10k Equipment cover UK & EU1 Week£73.92
£1m Public Liability cover£5k Equipment cover UK & EU1 Year£140.00
£5m Public Liability cover£5k Equipment cover UK & EU1 Year£212.80
£5m Public Liability cover£50k Equipment cover UK & EU3 Months£716.80

Professional Indemnity Insurance FAQs

Below we have listed the most common questions we get from self-employed creatives about Equipment Insurance. For more information, read our guide: Professional Indemnity Insurance – Everything You Need To Know

FAQs icon

How much does Professional Indemnity insurance cost?

The cost of Professional Indemnity insurance varies based on factors like your profession, the level of risk and the amount of coverage needed.

FAQs icon

Who needs Professional Indemnity insurance?

Creative professionals who provide advice, consultancy work or if they work under a contract with a client should consider Professional Indemnity insurance.

This includes, but is not limited to, graphic designers, photographers and marketing consultants.

FAQs icon

How much Professional Indemnity insurance do I need?

The amount of cover required depends on your business size, the clients you work with, the types of contracts you work under and the potential risks involved in your services. It's a good idea to assess the maximum claim you could face and choose a limit that can comfortably cover this.

With Mode Insurance you can choose a Professional Indemnity insurance cover limit of either £100,000 or £250,000, depending on your needs and requirements.

FAQs icon

Do you legally need Professional Indemnity insurance?

Professional Indemnity insurance is not a legal requirement for all professions but is mandatory for some, like solicitors and financial advisors. Even if not legally required, it is often necessary for contractual reasons or to meet industry standards and your customers expectations.

FAQs icon

What's the difference between Professional Indemnity insurance and Public Liability insurance?

Professional Indemnity insurance covers claims arising from professional mistakes or negligence in the services you provide and the contracts you work under. Public Liability insurance protects against claims of physical injury or property damage to third parties due to your business activities.

FAQs icon

What is ‘run-off’ cover?

‘Run-off’ cover is a type of Professional Indemnity insurance that provides protection after a business has ceased operations. It's important for covering any claims that arise from work completed while the business was still active as a mistake could be identified at any time, sometimes many years after you completed the work.

Even if you are trading but you don’t feel that you are working on anything where a client can claim against you, it is important to consider Professional Indemnity, as an old client might claim against you for work you carried out years ago as they have only recently discovered an issue with your work.

FAQs icon

Does Professional Indemnity insurance cover legal costs?

Professional Indemnity insurance generally covers legal costs associated with defending a claim, including settlements and compensations, up to the policy limit.

FAQs icon

What is a retroactive date and do I need one?

A retroactive date can be used on your Professional Indemnity policy to provide the date that the policy will cover you from.

However, you can’t select any date - as the date must be the date you first purchased Professional Indemnity cover and had it in place continuously without any breaks in cover.

So if you have had Professional Indemnity insurance in place since 2011 and renewed it every year without a single day being missed, you can put this date as your retroactive date and your current policy could cover you for claims made against you, all the way back to this date.

This allows you to move insurers without losing protection for any claims that might be brought against you for your old work.

*Mode insurance can provide Professional Indemnity insurance with a limit of £100,000 annually for £112 inclusive of IPT and subject to acceptable criteria.