Professional Indemnity

Professional Indemnity

Professional indemnity insurance, often referred to as professional liability insurance or PI insurance, covers legal costs and expenses incurred in your defence, as well as any damages or costs that may be awarded, if you are alleged to have provided inadequate advice, services or designs that cause your client to lose money.

Need for PI

Many professions need to have professional indemnity insurance as part of their respective industry body’s regulatory requirements. Even if you are not obliged to have PI insurance, without it, you could be liable for thousands of pounds worth of legal fees and compensation payments – not to mention lost income from the time spent defending any allegation.

As the commercial environment becomes ever more litigious, so the risk increases. Organisations are now subject to greater regulation than ever before, making the risk of a compliance oversight more likely. It is also well known that when allegations are launched, no matter how spurious, the cost of the legal defence and any subsequent settlement can prove catastrophic.

What’s Covered?

  • Legal liability due to bodily injury or death caused by breach of professional duty by
    • The insured
    • The predecessors in business of the said firm, if covered
    •  Any person at any time employed by the Insured or by such predecessors in business in the conduct, by or on behalf of the said firm or such predecessors of any business conducted in their professional capacity
  • Payment of defence costs, fees, and expenses anywhere in India in accordance with Indian Law

What’s not covered?

  • Any criminal act or any act committed in violation of any law or ordinance
  • Services rendered while under the influence of intoxicants or narcotics
  • Any third-party public liability
  • Any condition caused by or associated with AIDS
  • Rising out of all personal injuries such as libel, slander, false arrest, wrongful eviction, wrongful detention, defamation, etc. and resultant mental injury, anguish, or shock
  • Infringement of plans, copy-right, patent, trade name, trademark, registered design
  • Assumed by the insured by agreement and which would not have attached in the absence of such agreement.
  • Deliberate, wilful, or intentional noncompliance of any statutory provision.
  • Non-compliance with technical standards commonly observed in professional practice, laid down by law, or regulated by official bodies
  • Loss of pure financial nature such as loss of goodwill or loss of market
  • Any dishonest, fraudulent criminal or malicious act or omission
  • Fines, penalties, punitive or exemplary damages.
  • Professional services rendered by the Insured prior to the Retroactive Date in the Schedule.
  • Deliberate conscious or intentional disregard of the insureds technical or administrative management of the need to take all reasonable steps to prevent claims.
  • Injury to any person under the contract of employment or apprenticeship with the insured their contractor(s) and/or Sub-Contractor(s) when such injury arises out of the execution of such contract.
  • War and nuclear perils

For registration of claims and to learn more about our claims process please Contact our dedicated claims team for advice on an incident/claim.

Why Us?

We understand the significance of covering losses that you may risk facing in your line of business. We offer you a wide array of insurance professional indemnity products that help you deal with any legality involved.

Talk to us today for all your Professional Indemnity insurance needs at an affordable price and for reliable claims management. 

For registration of claims and to learn more about our claims process please Contact our dedicated claims team for advice on an incident/claim.

Who needs PI Insurance?

Professionals such as lawyers, accountants, bookkeepers, architects, engineers, and marketing specialists. Also, agricultural consultants, event managers, life coaches and marriage celebrants.

D&O Policy protect company director or officer from legal liability arising out of actual or alleged wrongful acts in managing a company.

  1. The policy covers a wide range of litigation that could arise from customers, vendors, shareholders, employees.
  2. In addition to defence cost, it provides cover for :
  3. Investigation Cost
  4. Entity Protection against Employment Practice Liability claims
  5. Outside Entity Directorship cover,etc.


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