Professional Indemnity Insurance
- Professional Indemnity Insurance provides financial coverage to professionals offering services or consultations to their customers.
- Doctors, Architects, Designers, Chartered Accountants, etc. are some of the professionals who should purchase this insurance policy.
Benefits of Professional Indemnity Insurance
- This insurance covers legal liabilities arising out of errors, omissions and negligence while providing any service that causes injury to the third party or damages their property.
- This insurance covers expenses incurred during legal proceedings including lawyer’s fees etc. However, this coverage is limited within the Indian Territory.