Professional Indemnity Insurance that protects professionals against negligence and other claims initiated by their clients. All professionals with expertise in their respective fields are likely to disagree with their clients,
who may accuse them of providing substandard services, withholding information or negligence. They should thus take steps to protecting themselves by seeking Professional Indemnity Insurance. It is required by professionals who have expertise in a specific area because general liability insurance policies do not offer protection against claims arising out of business or professional practices such as negligence, malpractice or misrepresentation.
Professional liability insurance is a specialty coverage that is not provided under homeowners’ endorsements, in-home business policies or business-owners’ policies. It only covers claims made during the policy period.