Professional Indemnity Insurance

Professional Indemnity Insurance is compulsory for most professional businesses and services, these include traditional professions such as:

Architects

Engineers

Brokers

Solicitors

Independent Financial advisors

Accountants

Computer Consultants

and new Insurance covers for miscellaneous classes where professional Indemnity Insurance protects that business's interests against claims for error, omissions, professional neglect for both the principles and their employees.

Without Professional Indemnity Insurance companies would expose themselves and run the risk of being sued for to all sorts of claims.

To name just a few areas that, a Professional Indemnity Insurance policy may cover you for areas such as:

libel and slander,

professional neglect,

malicious falsehood,

passing off copyrights,

breach of confidentiality, and

negligent statement or actions.