Professional Indemnity Insurance
ABOUT THE PRODUCT
Professional indemnity insurance protects professionals against the financial consequences of errors that cause harm to third parties in the course of performing their profession. For many professions, this type of insurance is legally required.
What does professional indemnity insurance cover?
- Financial loss incurred by the client as a result of the insured's misconduct during the performance of their insured profession
- Damage to property or health, provided it arises from a breach of obligations (for selected professions)
- Legal defence costs of the insured in the event of claims for damages resulting from a breach of professional duties
- Damage to documents entrusted to the insured for the purpose of performing their insured duties.
In certain professions, the insurance also covers damage to health or property if such damage results from a breach of professional obligations.
This insurance serves as a crucial protection for professionals who need to mitigate the risks associated with their line of work.
PROFESSIONS INSURED
Professional indemnity insurance offers protection for professionals across various fields. It covers professionals from multiple industries against potential damage that may arise in the course of their work.
Who is professional indemnity insurance intended for?
- Economic professions: auditors, tax advisors, and accountants
- Legal professions: lawyers, notaries, insolvency administrators, and auctioneers
- Real estate agents
- Financial intermediaries and financial advisors
- Language experts: experts, interpreters, and translators
- Building professions: authorised engineers, authorised architects, site managers, and construction supervisors
- IT companies providing information technology services
Other professions based on individual requirements