Get Zurich Form

There are many different types of insurance available to give sole traders peace of mind, from personal accident or income protection if you're unable to work, to professional indemnity and public liability insurance, which cover you against claims from other people.

Any individual or business can benefit from PI insurance if a mistake could have a costly impact on a client. This includes those who offer specialist advice, services or designs, or those who deal with data and intellectual property.

A certificate of liability insurance is a document that proves you have general liability insurance coverage. It is also called a general liability insurance certificate, proof of insurance or an 25 form.

A professional liability certificate provides proof of insurance. When your business secures a professional liability insurance policy, you'll receive a certificate of insurance. This certificate contains key information about your policy and provides proof of insurance to your clients and licensing boards.

A professional indemnity insurance certificate is a summary document that an insurance company may provide a policyholder with on request which shows that adequate insurance has been taken out, without disclosing the confidential policy document.

A letter of indemnity (LOI) is a legal agreement that renders one or both parties to a contract harmless by some third party in the event of a delinquency or breach by the contracted parties. In other words, the party or parties are indemnified against a possible loss by some third party, such as an insurance company.

Professional indemnity insurance protects you against claims for loss or damage made by clients or third parties as a result of the impact of negligent services you provided or negligent advice you offered.

Professional Indemnity insurance is designed to protect the likes of architects, engineers, attorneys, brokers, doctors, estate agents – essentially any professional individual or practice – who takes a fee for providing a service.