Professional Indemnity covers the legal liability of professionals like Doctors, Lawyers, Engineers, Chartered Accountants, Financial Advisors, Directors/staff members in companies, etc. This policy covers the legal liability of professionals in case of any legal claims arising out of errors and omissions or negligence in professional service rendered by the insured.
Claims arising out of the following are not covered under Professional Indemnity policies.
- Any criminal act or violation of any Act of Statute
- Services rendered under the influence of intoxicants or narcotics
- Willful neglect or deliberate act
- Third Party Public Liability
- Pure financial loss due to loss of goodwill or loss of market
Features Of Professional Indemnity
