Professional Indemnity Insurance
Covers legal costs and compensation for professional errors or negligence.
Professional Indemnity Insurance protects professionals from financial losses resulting from claims made against them by clients. It covers legal costs and compensation arising from errors, omissions, or negligence during the provision of professional services. This policy is essential for professionals such as consultants, architects, contractors, and service providers who offer advice or specialized services.
Key Benefits
- Legal protection covering legal costs for defending negligence claims
- Client confidence by addressing allegations of errors or omissions
- Broad coverage for professionals across various industries and services
- Regulatory compliance by meeting industry standards for liability coverage
- Financial security to safeguard against expensive settlement costs
- Risk management to help manage risks arising from mistakes and oversights
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What does Professional Indemnity Insurance cover and exclude?
Professional Liability
Covers errors, omissions, or negligence in professional services.
Technology Product Failure
Protection from financial loss due to failure of tech products developed or delivered.
Intellectual Property Infringement
Coverage for unintentional use or misuse of copyrights, trademarks, or trade secrets.
Defamation
Protection against libel or slander claims linked to your professional output.
Fraud/Dishonesty
Covers employer liability for fraudulent or dishonest acts committed by employees.
Court Attendance
Reimburses for time lost attending court due to legal cases covered by the policy.
Defense Costs
Covers legal fees and court expenses involved in defending a claim.
Extended Reporting Period
Allows claims to be reported even after the policy ends — great for long-tail risks.
Prior Known Claims
Issues known before the policy started are excluded.
Bodily Injury / Property Damage
These require separate general liability coverage and specific policy enhancements.
Contractual Liability / Guarantees
Does not cover promises or guarantees made in contracts or written agreements.
Mechanical/Electrical Failure
Not applicable to product-based or hardware breakdown issues, including mechanical system failures.
Manufacturing Liability
Excludes damages due to production defects and product performance issues.
Performance Guarantees
If you’ve guaranteed a specific result and didn’t deliver, it’s not covered.
Deliberate Acts / Criminal Behavior
Intentional misconduct or illegal activities are excluded.
Cybersecurity Breaches (if not opted)
Unless specifically extended, cyber breach liability isn’t part of the base policy.
What is Professional indemnity?
Professional Indemnity Insurance provides protection for professionals against claims of negligence, error, or omission in the services or advice they offer to clients. It ensures that professionals are not burdened with the full financial cost of defending against such claims, allowing them to focus on their work without fear of a lawsuit.
Professional Indemnity insurance is designed to protect professionals and businesses from financial losses due to claims arising from errors or omissions in the performance of professional services. It covers legal defense costs, settlements, and damages related to claims of negligence, misrepresentation, or breach of professional duty.
Why do you need Professional Indemnity Insurance?
Legal Claim Protection
Safeguards professionals from negligence claims or errors.
Boosts Client Trust
Ensures your clients feel secure in your services.
Industry Compliance
Compliance with regulatory requirements for professional services.
Financial Security
Shields your business from expensive legal costs and settlements.
Legal Claim Protection
Safeguards professionals from negligence claims or errors.
Boosts Client Trust
Ensures your clients feel secure in your services.
Industry Compliance
Compliance with regulatory requirements for professional services.
Financial Security
Shields your business from expensive legal costs and settlements.
Expose Risk
We uncover potential threats arising from professional errors or omissions. Early identification helps reduce liabilities before they become claims.
Explore Solutions
Customized insurance strategies built to match your industry challenges. We ensure your policy defends what matters most—your professional integrity.
Efficient Claims
Claims handling that’s fast, transparent, and stress-free. Our support team ensures you're covered when complications arise.
Legal Protection
Coverage for legal costs and claims arising from professional errors or negligence.
Comprehensive Protection for Your Workforce
Ensure employee well-being with complete health insurance coverage.
Cost-Effective Group Insurance Plans
Affordable plans with benefits like maternity, critical illness, and dependent coverage.
Client Trust
Build confidence by assuring clients their interests are protected.
Peace of Mind for Employers and Employees
Reduce financial stress with cashless claims and reimbursement options.
Financial Security
Protect your business from costly legal settlements and compensation claims.
Boost Employee Productivity and Retention
Build loyalty and motivation by easing economic and mental burdens.
Risk Management
Helps manage risks related to professional advice and services.
Error and Omission Liability
Covers damages for professional errors or omissions.
Third-Party Claims
Provides protection against third-party claims arising from professional negligence or errors.
Civil Liability
Covers only civil liability claims arising from errors or omissions in professional services, excluding any criminal acts.
Negligence in Professional Service
Covers unintentional mistakes made while rendering professional services.
Settlement Costs
Covers negotiated settlements with prior consent.
Legal Defense Costs
Includes legal expenses for defending claims.
Financial Protection for Professionals
Covers legal costs and settlement expenses from negligence or service errors.
Indemnity Limit
Coverage is subject to the selected indemnity limit.
- In-patient treatment 24 hours a day
- Pre-existing disease
- Pre and Post hospitalization
- Domiciliary hospitalization expenses
- Reimbursement of cost of health check-up
- All day care procedure
- Family floater to covers member’s immediate family such as a spouse, dependent children, dependent parents, etc.
- Maternity benefits
- Dental treatment
- Cost of spectacles, contact lenses
- Waiver of waiting period
- Waiver of first-year exclusions
- Reimbursement of ambulance costs
- Baby day one care
- Vaccination benefits
- Increased room rent limits
- Corporate buffer
- Out-patient treatment (OPD Card)
- Root canal surgery
- In-hospitalization expenses due to sickness or accidents
- Room and boarding expenses as provided by the hospital/nursing home.
- Nursing expenses.
- Surgeon, anesthetist, medical practitioner, consultants or specialist fees.
- Anesthesia, blood, oxygen, operation theatre charges, surgical appliances, medicines and drugs, diagnostic materials and X-Ray, dialysis or chemotherapy.
Criminal Acts
Excludes coverage for damages arising from criminal activities.
Intoxicants/Narcotics Influence
Does not cover acts committed under the influence of drugs or alcohol.
Statutory Non-Compliance
Excludes claims related to non-compliance with legal or regulatory requirements.
Punitive Damages
Does not cover punitive or exemplary damages imposed as punishment.
Radioactive Materials
Excludes incidents involving radiation or radioactive substances.
Fraudulent Acts
Does not cover claims arising from fraudulent actions.
Personal Injury Claims
Excludes coverage for personal injury claims outside professional negligence.
Contractual Liabilities
Does not cover liabilities resulting from contractual obligations.
- Treatment of pre-existing illnesses.
- Any treatment for illnesses/diseases within the first 30 days of the policy, unless it is an accident.
- Treatment of specified illnesses for the first year of the policy.
- Certain diseases like hernia, cataract, piles, sinusitis, etc are excluded during the first year of operation in the cover.
- Any claim arising out of or traceable to pregnancy.
- Ayurvedic, homeopathy, naturopathy or any other form of local medication.
- Alcoholism, drug abuse, and AIDS.
- Dental treatment or surgery unless it requires hospitalization.
- Cost of spectacles.
- Vaccination and inoculation.
- Cosmetic treatment.
A claim under Professional Indemnity Insurance can be registered in the below circumstances:
- Client Negligence Claims: When a client files a claim for damages caused by professional errors or omissions.
- Failure in Professional Services: If your provided service or advice leads to financial loss for the client.
- Regulatory or Industry Requirements: When it’s a prerequisite by a regulatory body or industry association for your profession.
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