Professional Indemnity – this type of liability cover provides protection for negligent advice or a service provided by you or your business, and is designed to safeguard you against claims made by clients for any resulting financial loss or damage to their reputation. You will need professional indemnity cover if your business offers know-how or skills in a particular field such as accountancy, financial advice or if your are a solicitor for example. The amount of cover depends on your type and size of business