This Insurance cover is designed to provide indemnity to a professional man against his legal liabilities towards third parties for bodily injury, loss or damage arising from his own professional negligence or that of his employees and their predecessors’ in business occurring during the period of insurance within the territorial limit.

This liability normally arises from breach of contract. A very important implied term in the contract for services between a professional man and his client is that reasonable care and skill will be exercised in the services rendered but where this does not happen definitely there is a cause for concern on the part of the aggrieved party.

If  you are in the business of selling your knowledge or skills, you may want to consider taking Professional Indemnity (PI) Insurance.

This is a form of protection for the insured against legal liabilities that may arise by reason of any neglect, error or omission committed in a professional capacity by the person insured or by any partner, director, person who may be in the insured’s employment.