Professional Indemnity

What is professional indemnity insurance?

If you provide a professional service, there are many areas where you may be exposed to liability for an economic loss as a result of an error or omission by you or one of your employees. These liability challenges and threats have increased due to a demand of accountability on experts giving advice, an increasingly more litigious society, increased competition in key product and service markets and an increasing customer expectation.
These threats and challenges are made worse with an increased innovation and change in many professions, outsourcing of services andĀ ever increasing consumer protection legislation.