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PI requirement checker · 17 September 2026
Check the minimum PI cover your professional body requires — the floor set for consumer protection, not the limit your contracts and appointments will actually demand.
Part of: Professional indemnity insurance at Apex
In short
Pick your regulator. Where the minimum depends on turnover or fee income, add the figure. You get the current requirement, the run-off rule and the conditions that matter, with the source and the date it was checked. It is the floor — the right limit for your firm is usually higher.
The SRA Minimum Terms require £3m for any one claim for recognised and licensed bodies (LLPs, limited companies and ABSs) and £2m for a recognised sole practitioner, with no monetary limit on defence costs and six years’ run-off. It is a floor; most firms carry more.
No. Under the SRA an LLP or incorporated firm is a recognised body and takes the £3m minimum; a recognised sole practitioner takes £2m. It is the SRA authorisation, not the trading style, that sets the figure.
Rarely. The minimum is set for consumer protection, not to match your exposure. Client appointments, tenders and collateral warranties routinely demand more, and the aggregation basis and excess matter as much as the headline limit.
Occasionally — RICS updated its bands in July 2025 and ICAEW its regulations in September 2024. This tool cites the source and the date each figure was checked; always confirm the current position with your own regulator.
Apex Insurance Brokers Limited is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales, company number 07014570. This tool shows regulatory minimum requirements for general guidance only; it is not advice on your circumstances and does not confirm what cover is available or adequate. Figures verified against primary regulator sources on 17 September 2026 — always confirm the current requirement with your own regulator.
