Professional Indemnity Insurance
Professional Indemnity is a type of liability cover where the liability could arise from the practice of a profession. Medical practitioners, engineers, architects, chartered accountants, lawyers etc are covered under this policy.
What is covered under the professional indemnity policy?
Professionals who run their own businesses need professional liability cover. This protects them against financial losses from lawsuits filed against them by their clients. If during the course of their professional duties they fail to use the degree of skill expected of them, they can be held responsible in a court of law for any harm they cause to another person or business.