Professional Indemnity Insurance provides comprehensive protection for professionals or companies against loss or expense resulting from the breach of professional duty in the performance of professional services. It will cover your company and all subsidiaries, past and present directors, officers, partners and employees for claims brought against them while performing professional services for you or your company.
The coverage is not restricted to traditional professions such as lawyers and medical practitioners. In fact, nowadays, your normal course of business may involve services and advice which can be susceptible to allegations of negligence or breach of professional duty, resulting in civil actions against you or your company. Hence, professional indemnity insurance is a curial part in your risk management program.