What can it cover?
As a wide-ranging insurance solution, professional indemnity cover may include anything from accidents to errors and omissions.
Depending on your policy, professional indemnity insurance can cover:
|Type of cover
|Civil liability to a third party arising out of the conduct of their professional business.
|The cost of defending an inquiry by a regulatory body into the professional conduct of the insured.
|The costs involved in defending a claim triggered by the policy.
|Direct financial loss of the business caused by the dishonest or fraudulent conduct of an employee which is first discovered during the period of insurance.
|Advancement of costs and expenses
|Additional costs and expenses incurred during a claim.