A professional error, omission or allegation of negligence can lead to a claim even when the service provider believes the work was performed correctly. Professional Indemnity Insurance covers specified claims arising from professional services or advice and may include compensation demands and legal defence costs.
This insurance is relevant to consultants, accountants, engineers, technology providers, healthcare professionals and other businesses whose clients rely on their expertise.
Coverage should reflect the profession, contracts, revenue, jurisdictions and nature of the services provided.
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