Professional Indemnity Calculator
Calculate your professional indemnity insurance cost with our comprehensive calculator. Estimate premiums based on business details, coverage needs, and risk factors.
Step 1: Business Details
Understanding Professional Indemnity
Professional indemnity insurance protects businesses against claims of negligence, errors, or omissions in professional services. Coverage amounts vary based on business type and risk exposure.
Step 2: Insurance Details
About Professional Indemnity
Premiums are calculated based on your business’s risk profile, including revenue, industry, claims history, and coverage requirements. Higher risk industries typically have higher premiums.
Insurance Cost Results
Estimated Annual Premium
Industry Premium Comparison
| Industry | Risk Level | Typical Premium | Coverage Amount |
|---|
Premium Cost Breakdown
Premium Calculation Factors
Premium = Base Rate × Revenue Factor × Risk Factor × Coverage Factor
Professional indemnity premiums are calculated based on multiple factors including annual revenue, industry risk level, claims history, coverage amount, and deductible. Higher risk industries like medical and legal typically have higher base rates.
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