What is Professional Indemnity Insurance?
In Insurance a general Public Liability insurance policy will normally protect individuals and businesses against their liability to the general public for the costs involved with an accident which results in actual bodily harm. Additionally, an employer’s liability to their workers will generally be covered under an Employee Compensation insurance plan. However, there are a number of risks encountered in the business world which are not covered under either of these two business insurance plans.
This demands the availability of a specialized form of Business indemnity insurance which has been designed to protect against risks which result in claims that are unrelated to bodily injury.