Limits of indemnity
Choosing a limit of indemnity
A practical way to think about how much PI cover is enough for your business.
Start with your largest exposure
Your limit of indemnity should comfortably cover the largest single claim your business could realistically face — often linked to your largest project, contract or client relationship.
Many professional bodies, regulators and client contracts specify a minimum limit, which sets a practical floor.
Aggregate vs any-one-claim limits
Some policies apply your limit per claim, others apply it in aggregate across all claims in a policy period. Understand which structure applies to your policy when comparing cover.