Exclusions
Common Professional Indemnity exclusions
PI policies are not unlimited. Understanding what falls outside cover helps you plan for the risks that need a different solution.
What PI generally does not cover
Deliberate, dishonest or fraudulent acts are excluded from virtually all PI policies.
Bodily injury or property damage to third parties is typically a Public Liability exposure, not a PI exposure.
Liability you assume under a contract that goes beyond your ordinary professional duty of care may fall outside standard cover.
Why exclusions vary by profession
Some exclusions are profession-specific — for example, cyber events for technology businesses, or fidelity exposure for FSPs handling client funds — and are better addressed with a complementary product.
Always review the specific exclusions in your policy wording rather than relying on general guidance.