Professional Indemnity Insurance
Professional Indemnity (PI) insurance protects your business against claims from third parties for financial loss. PI policy protects the company, subsidiaries, employees and sub-contractors working under your direction and covers is on a ‘Claims made’ basis.
Your PI policy would cover the following:
Financial losses caused by error or omission
Alleged failure to perform
Wrongful act
Defense costs
Misstatements or misleading statements
Breach of confidentiality
Unintentional breach of contract
