Professional Indemnity Insurance
Comprehensive solutions to protect and optimize your business operations through expert risk management and efficient claims handling.
Professional Indemnity Insurance
Professional Indemnity Insurance protects professionals and businesses against legal liability arising from errors, omissions, negligence, or breach of professional duty while rendering services. It covers legal defence costs, settlements, and compensation claims made by clients for financial loss due to professional mistakes.
To whom do we sell
- Professionals
- Consultants
- Doctors
- Lawyers
- IT contractors
- Companies that offer advice, design
The key features include
- Claims-made coverage
- Retroactive date options
- Customizable limits of indemnity
- Loss of documents
- Defamation
- Dishonesty of employees
Coverage limits
The coverage limits are defined based on Any One Accident (AOA) and Any One Year (AOY). AOA is the maximum pay-out for a single claim, while AOY is the total coverage for all claims in a policy year.
Tailored plans
Every plan is tailored for sectors like doctors, architects, engineers, chartered accountants, IT consultants, and corporate service providers, with coverage structured based on risk exposure and turnover.
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Your Questions,
Answered
"From choosing the right policy to making a claim, we've answered your most common questions."
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What is Professional Indemnity Insurance?
It protects professionals against claims arising from errors or negligence.
Who should buy it?
Doctors, lawyers, consultants, architects, etc.
What does it cover?
Legal costs and compensation claims.
Does it cover past work?
Yes, if retroactive coverage applies.
What is retroactive date?
Date from which coverage applies for past services.
Are intentional acts covered?
No.
Is it mandatory?
Required in certain professions.
What is claims-made basis?
Covers claims made during the policy period.
How is premium calculated?
Based on profession and risk exposure.
How to claim?
Notify insurer immediately upon receiving a claim.