Professional indemnity insurance

Reputation matters. Protect it.

Reputation matters, especially within a smaller community like Gibraltar. No matter how well you run your business, mistakes can happen.

Reputation matters, especially within a smaller community like Gibraltar. No matter how well you run your business, mistakes can happen.

If your advice or services lead to financial loss or damage for a client, your business could face costly legal claims. That’s where Professional Indemnity Insurance (Professional Indemnity) comes in.

At Masbro, we’ve been helping Gibraltar’s businesses protect their professional reputations since 1985, offering tailored insurance solutions that keep you covered when it matters most.

Why is Professional Indemnity Insurance Important

No matter how skilled or experienced you are, there’s always a risk that something could go wrong. Whether it’s a missed deadline, a miscalculation, or an overlooked detail, Professional Indemnity Insurance ensures that your business is financially protected against claims of negligence, errors, or omissions.


It provides peace of mind for professionals across a wide range of industries, including consultants, architects, accountants, and more.

Our Professional Indemnity Insurance covers:
  • Legal costs and expenses in defending claims
  • Compensation payments to clients for financial losses due to negligence, errors, or omissions
  • Coverage for a wide range of professions

What we offer

At Masbro, we understand that every profession faces unique risks, and our Professional Indemnity Insurance policies are tailored to suit your specific needs. Whether you’re a sole trader or part of a larger firm, we’ll work with you to ensure you’re protected against the financial impact of claims.

Negligence
Covers claims for professional negligence, such as providing incorrect advice or making mistakes that lead to financial loss for your clients.
Defamation
Protects against claims of libel or slander made during the course of your work.
Intellectual Property
Covers claims related to the infringement of intellectual property rights, such as copyright or trademark violations.

Why Choose Masbro?

Experienced Professionals

With four decades of experience, Masbro is Gibraltar’s trusted insurance broker, offering expert advice tailored to your business needs.

Bespoke Policies

We know that every professional has different requirements, which is why we offer customised Professional Indemnity policies designed specifically for your industry and business needs.

Competitive Pricing

Our Professional Indemnity Insurance offers comprehensive coverage at competitive rates, ensuring you get the protection you need without straining your budget.

Experienced Professionals

With four decades of experience, Masbro is Gibraltar’s trusted insurance broker, offering expert advice tailored to your business needs.

Bespoke Policies

We know that every professional has different requirements, which is why we offer customised Professional Indemnity policies designed specifically for your industry and business needs.

Competitive Pricing

Our Professional Indemnity Insurance offers comprehensive coverage at competitive rates, ensuring you get the protection you need without straining your budget.

Commonly Solved Questions

What is Professional Indemnity Insurance?

Professional Indemnity Insurance provides coverage for legal claims made against your business due to professional negligence, errors, or omissions. It covers legal fees and compensation payments to clients who suffer financial losses as a result of your services.

Who needs Professional Indemnity Insurance?

Any business or professional that provides advice, consultancy, or services to clients should consider Professional Indemnity Insurance. This includes consultants, architects, accountants, IT professionals, and others who could be held liable for mistakes that cause financial loss to clients.

What does Professional Indemnity Insurance cover?

Professional Indemnity Insurance covers legal fees, compensation payments, and other associated costs related to claims of professional negligence, defamation, intellectual property infringement, and breach of confidentiality.

Is Professional Indemnity Insurance mandatory?

In certain professions, such as law and accounting, regulatory bodies may require Professional Indemnity insurance. Even if it’s not mandatory, it’s highly recommended for any business providing professional advice or services to clients.

How much Professional Indemnity Insurance do I need?

The amount of coverage you need depends on the size of your business, the type of work you do, and the potential financial risk involved. We can help you determine the right level of coverage based on your specific needs.

Does Professional Indemnity Insurance cover past work?

Many Professional Indemnity policies include "retroactive cover," which means that if a claim is made against you for work carried out before the policy was in place, you may still be covered, provided the policy is active when the claim is made.

How do I make a claim under Professional Indemnity Insurance?

If you face a claim of negligence or a related issue, contact us as soon as possible. Our team will guide you through the claims process, ensuring that your case is handled efficiently and effectively.

Can Professional Indemnity Insurance be bundled with other business policies?

Yes, Professional Indemnity Insurance can be combined with other policies, such as public liability or employers' liability insurance, for more comprehensive protection. Bundling policies can also offer cost savings for your business.

Discover the Masbro Difference

Image Contact difference
Take Out a New policy

We can ensure you get 
the right coverage.

Claims

Notify us of a new claim or discuss a new one.

General Requests

Send us a general enquiry about our insurance options.

Image Contact difference