Personal Indemnity Insurance
Personal Indemnity Insurance Protection for Professionals
Personal Indemnity Insurance (PII) is designed to protect professionals and businesses from legal claims made by clients or third parties due to errors, omissions, negligence, or inadequate services rendered. It is essential for professionals whose advice or services could cause financial loss to their clients. This insurance provides financial coverage for legal defense costs and any resulting damages, ensuring that professionals can carry on their work with peace of mind.
Types of Personal Indemnity Insurance
Professional Indemnity Insurance
Tailored for professions like accountants, architects, and consultants where advice or services might lead to financial loss for clients.
Medical Malpractice Insurance
Covers doctors, nurses, and other healthcare professionals against claims of negligence or substandard care.
Errors and Omissions (E&O) Insurance
Protects service-based businesses from claims due to mistakes or failure to deliver promised services.
Technology and IT Indemnity
Covers IT professionals and technology firms against claims arising from software errors, breaches of contract, or failure to perform services.
