The Professional Indemnity (Liability) Insurance policy is required by law under The Insurance Act, 2021 (Act 1061), Sections 216 and 217. This policy is designed to protect against the risks of providing inadequate advice, errors, omissions, and negligence in the delivery of professional services to clients. The coverage includes legal defense costs and any damages awarded in related civil lawsuits.
Protections
- Damage to property of third party
- Injury to persons due to negligence of insured
- Loss due to action or advice
- Loss due to negligence of insured
- Loss of life
- Loss of life of insured
Industries
- Aerospace & Defense Goods
- Air Freight & Logistics
- Airlines
- Auto Components
- Automobiles
- Banking
- Education
- Health Care
- Information Technology
- Insurance
- Media & Entertainment
- Professional Services