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Insurance for advisors, starting from less than £55* per year
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Get a QuoteOur standard cover is:
As a trusted financial advisor, clients rely on your expertise to recommend appropriate investment, pension and protection products to help secure their future and mitigate risks. However, mistakes can happen, and just one error leading to mis-sold financial products or inadequate insurance cover could leave you facing substantial negligence claims and regulatory action.
Our tailored professional indemnity insurance policies give you complete peace of mind that any disputes or financial loss claims caused by your advice will be dealt with by your insurer. We also cover legal costs and fines that could arise from regulatory investigations.
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Trusted for over 40 years We’ve been providing insurance to businesses since 1984
Financial Strength Insurance provided by a Standard & Poor’s ‘AA- Stable’ rated insurer
Our Professional Saver Insurance (Covea) has been independently rated 5 Stars by Defaqto – the highest possible rating, awarded to excellent products with a comprehensive range of features and benefits.
Complete our simple quote form with basic details about your business.
Get an instant quote & choose any optional covers you may need.
Instantly activate your Professional Saver policy and view your certificates online.
Our specialist insurance protects professionals who provide financial planning and insurance broking services. This covers:
However, risks arise from:
These can lead to professional negligence claims, regulatory fines and reputational damage. Our tailored policies cover compensation, legal costs and lost income resulting from disputes and complaints.
Our specialist policies can provide protection against:
Public Liability Insurance – Covers any injury or property damage caused to clients while visiting their home or office to provide financial planning and insurance broking advice.
Legal Expenses – Provides specialist legal advice and covers costs of certain business disputes around areas like client contracts.
Professional Indemnity Insurance – An optional cover defending you against client financial loss claims resulting from negligent or flawed advice. This includes the cost of compensating clients and legal expenses arising from:
Office Equipment Insurance – Optional protection against damage, theft and breakdown of vital equipment like computers and phones used to arrange client meetings, compile recommendation reports and provide ongoing advisory services.
We offer varying levels of cover with high policy limits based on your specific advisory business needs. Our experienced team can explain all the options in full detail during your quote.
With 35+ years experience covering SMEs, you can trust Professional Saver to protect your consultancy. Our key advantages are:
Join the thousands of UK commercial and financial advisors we protect – get an instant quote online today or call us on 0800 121 8748 to speak with an advisor.
Get a Quote
£54.88 / year £34.98 / month £387.52 / year The above quote examples were taken from our online system on 10/11/25 and include insurance premium tax but exclude our £10 admin charge. These are real quotes but your own personal quote will vary dependent upon your circumstances and the level of cover you require.
Most insurance policies will be subject to an excess. This is the amount you will be expected to pay in the event of a claim. Detailed below are the standard excesses under a Professional Saver policy but you should check your own quotation to see exactly what excesses apply to your policy as these may vary dependent upon the type of work you do.
| Insurance cover | Excess |
|---|---|
| Public Liability | £250 |
| Products Liability | £250 |
| Employers Liability | No Excess |
| Financial Loss | 10% of claim value(£2,500 minimum) |
| Professional Indemnity | £250 |
| Business Contents & Equipment | £100 |
| Legal Expenses | No Excess |
* Total number of live policies as of 31/10/2025
From only£55per year From only£55per year 
From only£55per year From only£55per year From only£55per year Financial advisors/brokers need insurance because clients depend on suitable product recommendations to secure their future financial safety and wellbeing. If flawed advice causes losses, advisors risk substantial negligence claims from dissatisfied customers and fines from regulators without adequate insurance.
Our optional professional indemnity insurance is designed to cover client financial loss claims like these.
Our cover is designed for regulated financial advisors and brokers providing services like:
Yes – our financial advisor and broker insurance policies can be extended to cover freelance/contract registered individuals operating under your company’s FCA authorisation. This ensures they benefit from appropriate professional indemnity insurance too.
Our insurance covers all standard advisory activities like:
Essentially any claims stemming from typical advisor-client engagements would be covered.
Our policies cover commercial advisory work conducted anywhere in the world, except the United States and Canada. So short-term overseas client consultations and meetings would be fully protected.
We cover all commercial advisors including:
Essentially any professional offering business consultancy services, both independent and those working for firms.
Yes – our advisors’ insurance covers financial loss claims stemming from accidental loss or damage to a client’s data or records held by you. For example, important strategic plans, financial reports or customer details stored on a damaged laptop.
Absolutely – we cater policies for both established and start-up consultancy firms. Newer advisors can get coverage for lower premiums that increase as your client base and turnover grows over time. We can organise bespoke packages to match your gradual business growth.
We do not cover advice relating to illegal practices. For example, guidance on tax evasion techniques or regulatory workarounds. We also cannot cover advisory activities related to tradesman liabilities or vehicle/driving risks as these require specialist insurance.
Yes – our optional professional indemnity insurance covers financial loss claims stemming from inaccurate guidance around areas like trademarks, patents, copyright and protection of confidential commercial data or trade secrets. If flawed counsel here caused a loss, you would be protected.
