Professional Indemnity Insurance (PI Insurance) safeguards professionals against legal liability arising from negligence, errors, or omissions committed in the course of their work. Even if a claim is unfounded, you can still be sued—this policy ensures your legal defence costs and potential compensation are fully covered.
What is covered
- Negligence & errors – Protection against claims arising from mistakes, omissions, or professional advice
- Legal defence costs – Covers lawyers’ fees, court expenses, and settlement costs
- Third-party compensation – Pays damages awarded to clients for financial loss
- Unfounded claims – Covers defence costs even if you are not at fault
Who is covered
This policy is ideal for professionals whose work involves advice or specialized services, including:
- Lawyers
- Valuers
- Engineers
- Auditors & accountants
- Medical practitioners
- Pharmacists
- Consultants and other service-based professionals
