What are the risks for Design Professionals?

As a design professional you will typically create and generate ideas from concept and also provide recommendations to your clients about future development.  When mistakes happen and accusations of negligence, plagiarism or even breach of duty can be made, solicitors can subsequently become involved and ultimately clients expect compensation.

Unfortunately as with any Design professional, if a claim were to arise, you are highly likely to have not been legally trained. Therefore, you could find it difficult to protect yourself and your business; simply ignoring the claim won’t just make it go away. That’s where your Professional Indemnity (PI) Insurance comes into play.

Can Design Professionals work without Professional Indemnity insurance?

In the case of Design Professionals, Professional Indemnity insurance is not a legal requirement. However, if you are part of a trade association you may be obligated due to their rules and regulations to have the appropriate indemnity insurance in order to operate or hold chartered status.

You may also find that most public bodies will require you to have the appropriate insurances in place before they award you with contracts.

If not a statutory requirement of your industry, Professional Indemnity is still a very important investment for your business, in order to protect you against claims from your clients who may suffer a financial loss as a result of any errors you unknowingly make.

How much does Professional Indemnity insurance cost?