Professional indemnity

Professional indemnity
Professional indemnity

Professional Indemnity Insurance

The Professional Indemnity (PI) cover provides indemnity against legal liability (including legal costs and expenses) for negligent acts, errors, breach of duty or omission arising out of professional activities.

The PI cover can be taken by firms or professionals rendering professional services like Architects, Consultants, Chartered accountants, Engineers, Software companies, Lawyers etc.

The policy can be taken as an annual policy or for specific projects

Following are some of the extensions to widen scope of cover:
  • Libel & slander
  • Loss of documents
  • Dishonest acts of employees.