Professional Indemnity

Many times, it so happens that customers claim compensation from professionals and business owners for a mistake from the business. In such a situation, professional indemnity insurance can help professionals and business owners overcome the risks related to compensation.

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Coverage

Exclusion

Any legality involved due to bodily injury or death caused by professionals while offering their services
Defence costs, its fees and other expenses
If a consultancy provider is sued by his/her client, the business can run into irrecoverable financial losses. Hence, all firms and professionals need an insurance against the damage to lower the risks involved. Let us look at the coverage
Submit the claim form and other documents
Evaluate your clients, and the kind of trouble you can get into if any client files a case against you
The evaluation will help to decide the insured amount which can be done in consultation with the insurer
Check and compare the insurance companies and plans offered
The premium to be paid will depend on the sum insured