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What is professional indemnity insurance?

Updated: 8/16/2019
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Wiki User

16y ago

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This insurance provides coverage for individuals who are in occupations that deal with the public ie lawyers, police, architects, contractors, etc. The insurance helps protect them from lawsuits and other claims of negligence or other claims pertaining to liability.

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16y ago
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Q: What is professional indemnity insurance?
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Related questions

What type of insurance cover is a professional indemnity?

The professional indemnity insurance covers businesses and individuals who specialize in providing services. Professional indemnity insurance helps those who are accused of negligence or malpractice.


How much does professional indemnity insurance cost?

Professional indemnity insurance protects you and your company against instances like a client holding you liable for advice causing them financial loss.&Professional indemnity insurance rates range from 0.5% of your total cover to 1%.


Does professional indemnity cover any type of insurance?

No, professional indemnity doesn't cover just any type of insurance. It's insurance that covers your professional life. So, everybody gets car insurance but it wouldn't be included under professional indemnity unless your car was a work asset, like for a traveling salesman.


What exactly is professional indemnity insurance?

Professional indemnity, or liability, insurance is a kind of insurance that helps to protect businesses and professionals who offer advice and services in case they are sued by a client for negligence.


What could professional liability insurance also be named?

Professional Indemnity Insurance Malpractice Insurance Errors and Omissions Insurance


Professional Indemnity Insurance?

form_title=Professional Indemnity Insurance form_header=If your company gives advice or provides services at a professional level then you need professional indemnity insurance. Protect your company today. What is your profession?=_ How long have you been in business?=_ Does your company give out professional advice?= () Yes () No Has your company ever been a party to a lawsuit?= () Yes () No


What is the benefit of professional indemnity insurance?

Professional Indemnity Insurance helps professionals from being legally responisible in a negligence lawsuit. It keeps lawsuits down saving companies from a lot of money.


Where is the best place to find information about professional indemnity insurance?

Wikipedia has some great information about Professional Indemnity Insurance. I would start there. If that doesn't answer your questions, you could check the library.


What insurance do you need to to teach privately?

general insurance and life insurance 'Professional Indemnity' under General Insurance.


What does professional indemnity cover in liability insurance?

Professional indemnity insurance pays for the legal costs and any judgments up to the coverage limit. Also it may help with conducting an investigation to help with your case.


Get a quote for professional indemnity Insurance?

Yes, you can contact an insurer of your choice offering professional lines coverage to obtain a professional liability insurance quote.


Where can one go to find professional indemnity insurance?

If one is interested in professional indemnity insurance, it is recommended to check a local law firm and express interest in a quote. GIO is a website that offers online quotes.