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.