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Hi Neil To answer your question simply, without getting into the pros cons & misuse of PI etc. I would suggest a reasonable normal level for the total PI cover held by a consultantcy would be in the range £1M to 2M (usually in the annual aggregate) - I give a range as this will depend on the size of the consultancy. However..see below about cover by contract. Many insurers try to push consultants to limit the PI on a contract - some unreasonably seek to limit the PI offered to the contract value. In our T&C we would normally look to contractually limit the PI cover offered on most projects to a reasonable £100k or ten times the contract value (which ever is greater) and then negotiate if required on a project specific basis (all within the framework of our total PI cover). Some useful general notes here: http://www.griffithsandarmour.com/Professional_Indemnity_insurance_explained Chris Dainton