This policy is a form of liability insurance covering professionals in the event of their advisory or service delivery that may trigger legal damages to enable them manage the associated legal costs and the resultant compensation.
Any professional person providing a service, needs to get our Professional Indemnity Insurance. Though we are professionals, we are also humans and we are bound to make mistakes. It is common today for a professional to be sued by their client if a mistake has been made on their part. This is when our Professional Indemnity Insurance which you have taken will come in handy.
Scope of cover
Court judgments/awards
Defense costs
Fees and expenses
Loss of documents
Availability
Lawyers
Architects
Engineers
Accountants/auditors
Trustees (Liability)
Medical (general practitioners, nurses, dentists, physiotherapists)