Professional Indemnity Insurance Explained

What is professional indemnity insurance.

Professional indemnity insurance explained. Working out exactly what professional indemnity insurance means can be a litle tricky so we ve broken down the most frequently asked questions to help you get a handle on what it is and why you might need it. A professional indemnity policy pi is a type of insurance designed to protect professional people against potential claims for injury damage or loss caused by professional incompetence or negligence. Choosing a professional indemnity insurance limit depends on your firm s circumstances. Professional indemnity insurance explained.

Professional liability insurance pli also called professional indemnity insurance pii but more commonly known as errors omissions e o in the us is a form of liability insurance which helps protect professional advice and service providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client and damages awarded in such a civil. Professional indemnity insurance explained in simple to understand language. Professional indemnity insurance explained. Discover why professional indemnity insurance may be vital for your business operations.

1 having this insurance provides financial protection against any claims made against. Get a professional indemnity quote online immediately or call cgu on 132481 to get a quote over the phone. Professional indemnity insurance often referred to as professional liability insurance or pi insurance covers legal costs and expenses incurred in your defence as well as any damages or costs that may be awarded if you are alleged to have. Professional indemnity insurance protects professionals against claims of negligence or breach of duty made by a client as a result of receiving professional advice or services from your business.

Professional indemnity insurance explained a simple guide to pi insurance. What is professional indemnity insurance. Get a professional indemnity quote. Professional indemnity insurance is a type of liability insurance designed to protect businesses and individuals who provide advice or expertise to third parties.

We ve compiled answers to the most often asked questions but if you have a query that isn t covered here please let us know and we ll answer you directly. Protect your small business with our ultimate guide to professional indemnity insurance. June 04 2018 business insurance. If someone alleges that you ve made a mistake overlooked a critical piece of information misstated a fact or they have misinterpreted you in the course.

Professional indemnity insurance explained.