Professional Indemnity Liability for Organisations and Professionals

Business Insurance

Category: Professional Indemnity

Professional Indemnity (PI) insurance is a type of coverage designed to protect professionals and businesses from legal claims arising from errors, negligence, or omissions in the services or advice they provide to clients. It covers legal defense costs and compensation payouts, safeguarding the insured's financial stability and reputation.

The information provided on this website is only general information. Please refer to the policy's full terms, conditions and exclusions for the specific details and coverage.

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PI insurance is essential for professionals across various industries, including but not limited to:

Associations, non-profit organisations, schools

Consultants (e.g., management, IT, and financial consultants)

Healthcare professionals (e.g., doctors, therapists, and allied health practitioners)

Lawyers, accountants, and architects

Construction professionals, real estate agents, surveyors

Designers, engineers, and other creative professionals

Any professional or business offering advice, consultancy, or services could benefit from PI cover.

The information provided on this website is only general information. Please refer to the policy's full terms, conditions and exclusions for the specific details and coverage.

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Protection Against Financial Loss: Claims of negligence or mistakes can lead to costly lawsuits. PI insurance covers legal defense fees and compensation costs, helping to prevent financial strain.

Reputation Safeguard: It demonstrates professionalism and commitment to accountability, which can enhance client trust and confidence.

Compliance with Contracts: Many clients require proof of PI insurance before entering into agreements.

Peace of Mind: Knowing you are covered allows you to focus on your work without fear of unexpected legal challenges.

This coverage is a crucial safeguard for professionals committed to delivering quality services while minimizing risks associated with their operations.

The information provided on this website is only general information. Please refer to the policy's full terms, conditions and exclusions for the specific details and coverage.

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B. T.

"Sheila Goh, our primary contact, understands our strategy and is able to tailor insurance products that suit our needs. When an insurance claim had to be made, the process was seamless and settlement timely.