Guideline professional indemnity premium ranges by profession and annual fee income, built from the premiums insurers have actually quoted on risks Apex handles. Updated 17 July 2026.
These are guideline ranges — not quotes
Every figure below is a guideline range, not a quote, shown before Insurance Premium Tax (currently 12%). A real premium depends on full underwriting of your firm — your activities, claims history and each insurer’s appetite at the time. Try the interactive calculator on our homepage →
Guideline PI premium cost — common questions
How much is professional indemnity insurance for a solicitor in the UK?
A solicitor with £150,000 in annual fee income typically sees a guideline range of £3,500–£6,400 for professional indemnity insurance at a £2m limit of indemnity. This is a guideline range, not a quote, and excludes Insurance Premium Tax.
How much is professional indemnity insurance for a accountant in the UK?
A accountant with £150,000 in annual fee income typically sees a guideline range of £675–£1,050 for professional indemnity insurance at a £1m limit of indemnity. This is a guideline range, not a quote, and excludes Insurance Premium Tax.
How much is professional indemnity insurance for a architect in the UK?
A architect with £150,000 in annual fee income typically sees a guideline range of £1,350–£2,500 for professional indemnity insurance at a £1m limit of indemnity. This is a guideline range, not a quote, and excludes Insurance Premium Tax.
How much is professional indemnity insurance for a chartered surveyor in the UK?
A chartered surveyor with £150,000 in annual fee income typically sees a guideline range of £1,200–£2,650 for professional indemnity insurance at a £1m limit of indemnity. This is a guideline range, not a quote, and excludes Insurance Premium Tax.
How much is professional indemnity insurance for a quantity surveyor in the UK?
A quantity surveyor with £150,000 in annual fee income typically sees a guideline range of £1,250–£2,200 for professional indemnity insurance at a £1m limit of indemnity. This is a guideline range, not a quote, and excludes Insurance Premium Tax.
How much is professional indemnity insurance for a engineer (civil / structural) in the UK?
A engineer (civil / structural) with £150,000 in annual fee income typically sees a guideline range of £3,100–£5,300 for professional indemnity insurance at a £1m limit of indemnity. This is a guideline range, not a quote, and excludes Insurance Premium Tax.
How much is professional indemnity insurance for a financial adviser / ifa in the UK?
A financial adviser / ifa with £150,000 in annual fee income typically sees a guideline range of £4,200–£6,300 for professional indemnity insurance at a £2m limit of indemnity. This is a guideline range, not a quote, and excludes Insurance Premium Tax.
How much is professional indemnity insurance for a insurance broker in the UK?
A insurance broker with £150,000 in annual fee income typically sees a guideline range of £2,450–£4,700 for professional indemnity insurance at a £2m limit of indemnity. This is a guideline range, not a quote, and excludes Insurance Premium Tax.
How much is professional indemnity insurance for a management consultant in the UK?
A management consultant with £150,000 in annual fee income typically sees a guideline range of £450–£1,150 for professional indemnity insurance at a £1m limit of indemnity. This is a guideline range, not a quote, and excludes Insurance Premium Tax.
Guideline PI premium ranges by profession
Read across from your profession to your nearest annual fee income. Each figure is the guideline range at the limit shown — not a quote.
| Profession | £50k fees | £100k fees | £150k fees | £250k fees | £500k fees | £1m fees |
|---|---|---|---|---|---|---|
| Solicitorat £2m limit | £1,850–£3,400 | £2,800–£5,100 | £3,500–£6,400 | £4,750–£8,600 | £7,100–£12,900 | £10,700–£19,200 |
| Accountantat £1m limit | £325–£475 | £525–£775 | £675–£1,050 | £975–£1,450 | £1,550–£2,400 | £2,550–£3,850 |
| Architectat £1m limit | £675–£1,250 | £1,050–£1,950 | £1,350–£2,500 | £1,800–£3,400 | £2,750–£5,200 | £4,200–£8,100 |
| Chartered Surveyorat £1m limit | £650–£1,550 | £975–£2,200 | £1,200–£2,650 | £1,650–£3,400 | £2,450–£4,800 | £3,650–£6,700 |
| Quantity Surveyorat £1m limit | £625–£1,100 | £950–£1,700 | £1,250–£2,200 | £1,700–£3,000 | £2,600–£4,550 | £4,000–£6,900 |
| Engineer (Civil / Structural)at £1m limit | £1,550–£2,700 | £2,400–£4,150 | £3,100–£5,300 | £4,250–£7,200 | £6,500–£11,000 | £10,100–£16,700 |
| Engineerat £1m limit | £575–£825* | £875–£1,250* | £1,100–£1,600* | £1,550–£2,200 | £2,350–£3,300 | £3,600–£5,000 |
| Financial Adviser / IFAat £2m limit | £2,100–£3,250 | £3,250–£4,950 | £4,200–£6,300 | £5,700–£8,600 | £8,800–£13,100 | £13,600–£20,000 |
| Insurance Brokerat £2m limit | £1,250–£2,450 | £1,900–£3,700 | £2,450–£4,700 | £3,350–£6,400 | £5,200–£9,800 | £7,900–£14,900 |
| Mortgage Brokerat £1m limit | £525–£875 | £800–£1,300 | £1,050–£1,700* | £1,400–£2,300* | £2,200–£3,500* | £3,350–£5,300* |
| Management Consultantat £1m limit | £300–£600 | £350–£900 | £450–£1,150 | £600–£1,550 | £950–£2,400 | £1,450–£3,600 |
| Project Managerat £1m limit | £425–£1,900* | £650–£2,900* | £825–£3,750* | £1,150–£5,100 | £1,750–£7,700 | £2,700–£11,800 |
| Landscape Gardenerat £1m limit | £475–£600 | £725–£900 | £950–£1,150* | £1,300–£1,600* | £2,000–£2,400* | £3,050–£3,650* |
* Modelled estimate. Where we hold less data for a profession or fee level, the figure is projected along the market-wide fee-to-premium curve rather than that profession’s own records. “—” means even a modelled estimate would be unreliable.
This is a guideline, not a quote or an offer of insurance, and not advice. Use the calculator on our homepage for your own firm, or ask us for an actual quote.
Accountants: your required limit depends on your professional body
“Accountant” isn’t one regulatory regime. The minimum limit of indemnity you must hold depends on which body regulates your firm — and many accountants are unregulated, with no mandatory PI requirement. Most bodies that set a minimum use the same 2.5× gross fee income basis, with different floors and caps. Current published minimums (not quotes; verify your own body’s rules):
| Body | Basis | Minimum floor | Larger firms |
|---|---|---|---|
| ICAEW | 2.5× gross fee income (under £800k GFI) | £250,000 | Flat £2m at £800k GFI and above |
| ICAS | 2.5× gross fee income (under £800k GFI) | £250,000 | Flat £2m at £800k GFI and above |
| ACCA | 2.5× income (under £600k income) | £100,000 | Flat £1.5m at £600k income and above |
| AAT | 2.5× gross fee income | £50k sole / £100k partnership or Ltd | Capped at £1m above £400k GFI |
| CIMA | No fixed multiple — “adequate cover” only | None set | None set |
Sources: ICAEW PII Regulations (in force 1 Sep 2024); ICAS PII Regulations (29 May 2025); ACCA PII Regulations (1 Sep 2023); AAT PII requirements; CIMA Member in Practice Rules. Each body’s published minimum; may change — confirm against current rules.
How these figures are produced
This guide is built from Apex’s own market data: the premiums insurers have actually quoted and charged on professional indemnity risks we have handled. That data is aggregated into anonymised rate bands by profession, fee income and limit of indemnity, and a smoothed model is fitted across it. No client information is published — a band only enters the model where it contains at least five separate records, and unusually high premiums are excluded so a single atypical risk cannot distort the guide.
Figures marked with an asterisk are modelled estimates: where we hold less data for a profession or fee level, the figure is projected along the market-wide fee-to-premium relationship rather than that profession’s own records. All figures are guideline ranges spanning the typical spread of recent outcomes; individual quotes can fall outside them either way, and all exclude Insurance Premium Tax at 12%.
This is not a quote and is not an offer of insurance or advice. Your actual premium depends on full underwriting of your business, including your activities, claims record and insurer appetite at the time.
Apex Insurance Brokers Ltd is authorised and regulated by the Financial Conduct Authority (FRN 724952). The figures on this page are guideline ranges, not quotes, and do not constitute an offer of insurance or advice.