Professional Indemnity Insurance - help! anyone know anything

[climbanymountain]

Hi

I'm planning on setting up a little business as a freelancer. I've been told that I need PII but it costs about £350 a year. Do any MN working freelance recommend it?

I may be wrong, but I understood that in some instances it was a legal necessity? I may be talking out of my bottom though - best to contact some trade body/council depending on what you're setting up as, and find out if you NEED it.

i had to have it, even though i was a self employed telecoms consultant. Dont think it cost anywhere near as much as that... Less than £50 probably, although it may be different depending on profession... Are you a fire juggling clown? Best bet is to google it, get some quotes.

i had to have it, even though i was a self employed telecoms consultant. Dont think it cost anywhere near as much as that... Less than £50 probably, although it may be different depending on profession... Are you a fire juggling clown? Best bet is to google it, get some quotes.

I was quoted £312 today for a fairly basic package. Sounds like I'm going to need it.