PI Insurance vs Public Liability Insurance: What's the Difference?

Both protections are essential: PI covers financial loss from professional negligence; public liability covers bodily injury or property damage.

Professional Indemnity

Covers financial losses from professional errors. Client sues because your advice cost them money.

Public Liability

Covers bodily injury or property damage. Examples: customer slip, vehicle hitting parked car.

Key Differences

PI covers professional mistakes. Public liability covers physical injury or damage.

Do You Need Both?

Yes. If you provide professional services and have premises, you need both.

"Public liability doesn't cover professional errors. You need both."

— UK Insurance Federation

Frequently Asked Questions