Professional Indemnity Insurance
This insurance is primarily aimed at Individuals or Companies who provide Professional advice and or Services.
Examples of the scope of cover includes:
Some PI policies provide indemnity ‘for any civil liability’, such as breach of contract, libel and slander.
Negligent act, error or omission
Indemnifies the policyholder against loss as a result of their negligent act, error or omission in carrying out the policyholders business.
Breach of duty
Provides indemnity against loss arising from any claim for breach of duty which may be made for neglect, error or omissions committed in the conduct of the insureds professional business.