Professional Indemnity

There’s no denying that the PI Market has posed it’s challenges over recent years for many sectors especially those involved within the Construction arena, particularly those trades deemed “high risk” by many. Whilst we sadly don’t have the magical powers required to rewind the market back a few years to blissful conditions and low rates, we do have significant experience in creating unique portfolios in challenging times to delivering unique and fresh solutions for the limits you require, protecting your ongoing exposures for the long term at highly competitive costs.

“We don’t undertake design so don’t need Professional Indemnity Insurance (PI)” is something we hear frequently when speaking to new prospects, this common misconception and stance used by some less experienced brokers can lead to significant exposure.

Temporary works are commonly part of a contract such as hoarding, permitter fencing, access roads and temporary barriers and support. These works can go wrong leading to consequential loss which can be expensive to correct.

Where any business is contracted to Design & Construct, significant exposure exists, even where the designs or other professional services are subcontracted out to a Third Party. In the event of the design being inadequate/defective, this would lead you to being responsible for the costs whether you did the design or engaged others to design on your behalf, including any defence costs and expenses. The mere fact you may have engaged a Third Party to provide the design doesn’t mean you are exempt from liability, unfortunately rights of recourse is not always possible and therefore all the costs involved could fall at your own door and these costs can be significant and put your business at risk.

The majority of projects will require plans and designs to be tweaked, even ever so slightly, in order to complete the works. The moment this happens, your business is responsible for those changes with a pure PI Exposure. Even an informal design check to approve them creates huge risk should those designs and plans later fail. This is a crucial point to note, PI insurance is a claims made based policy cover and therefore it is not the insurer at the time the error is made who deals with the claim it is the insurer who is on risk at the time the error is first notified, which could be many years after!

If we consider materials, even the slightest change in manufacturer specification can cause devastating results, or perhaps you have been unable to source the original materials specified and replaced with a similar product, this could have serious consequences for the firm in the event of an inadequate specification.

With our 360 Service Promise and Complimentary Collateral Warranty Checking at record speed, we are a clear choice for businesses across the UK.

Furthermore, we love nothing more than a ‘complex risk’ challenge! If you’ve been told your cover is unobtainable, or you’d like an alternative proposal then we’re here to expertly guide and deliver.

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Insurance Products » Professional Indemnity

Professional Indemnity for your industry

As an independent broker, if a risk can be insured, our team will expertly place it. Some of our specialist areas and focus trades are below;

Piling & Foundation Contractors

Piling & Foundation Contractors

Centricity understand the unique challenges and risks involved with Piling & Foundations and deliver a suite of products to ensure…

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Electrical & HVAC Contractors

Electrical & HVAC Contractors

Centricity’s insurance solutions for Electrical Contractors & HVAC Engineers offer market leading coverage at highly competitive premiums. We ensure that…

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Drilling Contractors

Drilling Contractors

Our expertise within the diamond & directional drilling sectors is extensive. Working with select insurers we add serious value creating…

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Groundworks Contractors

Groundworks Contractors

Centricity deliver market-leading insurance solutions for groundworkers with unlimited depth limits and if you’re working at locations deemed hazardous by…

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Our 360 Promise

At Centricity, we pride ourselves on delivering exceptional service to our clients.

That’s why we created the 360 Promise—to ensure consistent quality, proactive support, and unmatched responsiveness at every step.

We promise to be there when you need us, provide rapid documentation, and take a proactive approach to secure the best outcomes for your business.

24/7 Support

24/7 Direct Dial numbers for your account management
24/7 claims reporting line and emergency assistance

Fast Documentation & Communication

Cover Changes actioned & acknowledged the same business day
Queries handled same day and resolved within 7 days
Confirmation of Cover or Renewal sent the same day
Employers Liability Certificate issued within 7 days
Policy Documents issued within 14 days of inception/renewal

Proactive & Comprehensive Service

Pre-Renewal contact at least two months before renewal
Complimentary Collateral Warranty checking
Claims settlements made within 7 days of offer acceptance
Claims reported to Insurers the same business day 
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