Professional Indemnity

PI insurance protects professionals against claims of negligence, breach of duty, or mistakes made while providing services to clients. If a client feels you caused them financial loss, damage, or injury due to your professional services, PI covers legal costs and compensation payouts.

Many professionals benefit from PI coverage, including accountants and auditors , lawyers and consultants, architects and engineers, IT professionals and designers, healthcare providers and therapists, real estate agents and brokers

Commonly covered scenarios include, Client allegations of negligence or breach of contract, Financial losses incurred due to professional mistakes, Legal fees associated with defending claims, compensation awarded to clients if found liable

The cost varies depending on factors like your profession, experience, claim history, and policy limits. 

Intentional wrongdoing, fraudulent acts, and criminal activity typically fall outside the scope of PI coverage. Always read your policy carefully to understand the exclusions and limitations.