Why Using a Broker for Your PI Insurance Quote Is a Smart Business Decision

When it comes to Professional Indemnity (PI) insurance, choosing the right policy isn't just a box-ticking exercise—it's a strategic business move.

While it might seem easier to go direct or use a comparison site, working with a broker can save you time, money, and future headaches—especially in complex, high-liability professions like architecture, consultancy, or financial services.

At LBH Insurance, we believe in doing more than just quoting—we guide, negotiate, and advocate for our clients. Here's why using a broker for PI insurance makes all the difference:

1. Access to Specialist Markets

Many of the best PI insurers don't deal directly with businesses—they only quote through brokers.

By working with a broker, you get:

Access to exclusive insurers not found on price comparison sites

Tailored cover for your specific profession, including niche or higher-risk sectors

Competitive options across the entire PI market, not just what's publicly available

2. Better Pricing & Terms

Brokers speak the language of underwriters—and that leads to better results for you.

Lower premiums due to improved risk presentation

Enhanced terms, such as:

  • Favourable retroactive dates
  • Tailored exclusions (or removal of unnecessary ones)
  • Flexible limits of indemnity

Especially for firms with a claims history or working under strict contractual obligations, broker-negotiated policies often deliver more value.

3. Bespoke, Risk-Aligned Coverage

Direct insurers typically offer off-the-shelf PI products. But if your business is unique, your policy should be too.

A broker will:

  • Carry out a risk assessment tailored to your operations
  • Match you with insurers that understand your sector
  • Ensure your cover meets client, legal, and regulatory requirements (e.g. RICS, ICAEW, SRA standards)

No unnecessary extras. No dangerous gaps.

4. Expert Claims Support

Filing a PI claim can be stressful—especially when it involves legal disputes or professional allegations.

Your broker will:

  • Guide you through the claims process
  • Help you gather the right documents and evidence
  • Advocate on your behalf with insurers to ensure a fair outcome

Brokers know how insurers assess PI claims—and can help you avoid missteps that lead to delays or denials.

5. Compliance & Peace of Mind

PI insurance comes with strict notification and disclosure rules. Getting these wrong can invalidate a policy.

Your broker ensures:

  • Your cover complies with legislation (like the Insurance Act 2015)
  • You meet your duty of fair presentation
  • You're aware of what must be disclosed or reported to insurers to maintain protection

This peace of mind is invaluable—especially in regulated industries.

Work With a PI Specialist

At LBH Insurance, we specialise in PI insurance across a wide range of professions. We take the time to understand your business, assess your exposures, and provide a bespoke solution that's competitive, compliant, and comprehensive.

Protect your business properly—with the right policy, the right advice, and the right broker by your side.

Call us on 01702 347889 for a no-obligation, competitive quote—and peace of mind that your cover reflects both your risk and your reputation or email enquiries@lbhinsurance.co.uk.