Professional indemnity insurance policies are designed for and available to professionals across a range of industries and covers:
arising from a breach of professional duty. Professional Indemnity insurance is a “claims made” type insurance.
This insurance has developed and improved over the years. The most commonly used operative or insuring clause in a Professional Indemnity policy is a civil liability wording. In earlier years, Professional Indemnity coverage was limited to negligent acts, errors or omissions which was limiting.
A professional indemnity policy will provide cover for a “breach of professional duty”, specifically:
Extensions included in most Professional Indemnity policies based on correct disclosure are: