Why do planning consultants need PI insurance?

As a planning consultant, you provide expert advice and services that your clients depend on. If something goes wrong, a mistake, an oversight, or even a misunderstanding, your client could claim you caused them a financial loss. Professional indemnity insurance covers the legal costs of defending yourself and any compensation you might need to pay.

Common risks for planning consultants include incorrect planning assessments, application failures. Even careful professionals face claims from misunderstandings or unrealistic client expectations. PI insurance gives you the confidence to do your best work knowing you are protected.

Regulatory requirement: RTPI strongly recommends that planning consultants hold PI insurance.

What cover level do you need?

Most planning consultants opt for £1M of cover. The right level depends on the size of your projects, your annual revenue, and any contractual requirements from your clients. Many enterprise clients require at least £1M of PI cover as a condition of working together.

How much does it cost?

Planning Consultant PI insurance starts from £16/mo for £1M of cover. The exact price depends on your annual revenue, claims history, and the specific services you provide. Leo compares prices from across the market to find you the best deal.

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Frequently asked questions

Planning Consultant PI insurance starts from £16/mo for £1M cover. Your exact price depends on revenue, claims history, and cover level.

RTPI strongly recommends that planning consultants hold PI insurance.

PI insurance for planning consultants covers claims arising from incorrect planning assessments, application failures. It pays for legal defence costs and any compensation awarded.

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