Professional Indemnity

Category: Tag:

Description

Professional liability insurance is a form of liability insurance which helps protect the individuals and companies from bearing the full cost of defending against a claims due to negligence, design, supervision, implementation, poor quality of the produced goods or violations of privacy, medical errors, failure of performance, omissions, errors, misrepresentations, violation of good faith, unfair dealing and inaccurate advice, for actions taken by the insured in favor of his client ,these claims causes for legal action that would not be covered by a more general liability insurance policy which addresses more direct forms of harm.

Professional liability insurance may take on different forms and names depending on the profession, especially medical and legal, and is sometimes required under contract by other businesses that are the beneficiaries of the advice or service.

*Terms and Conditions applies.