Professional Indemnity Insurance

1. What does professional indemnity cover?

It is an insurance policy that protects professionals, such as consultants, lawyers, accountants or architects, from financial losses due to claims made by clients for mistakes, negligence, or poor advice.

2. Why do I need professional indemnity insurance?

You need professional indemnity insurance to protect yourself from the financial impact of potential lawsuits or claims made against you for professional mistakes or negligence.

3. What are the benefits of having professional indemnity insurance?

It protects your business from costly legal claims, helps maintain your professional reputation, and provides peace of mind knowing you are covered if something goes wrong.

4. What document will I get after buying professional indemnity insurance?

After buying a professional indemnity policy, you will receive a policy document which is a written contract of insurance between the insured and the insurer. It contains terms and conditions of the insurance cover as well as the risks covered. Ensure that you read and understand the contents of your policy document.