Professional Indemnity Insurance

In the course of discharging one’s duty as a professional (Accountant, Lawyer, Doctor, Banker, Consultants, Engineer, Security Expert etc), there is a possibility of making mistakes (an act of omission or commission) which could lead to financial losses, death or injury. If found guilty of the negligent act, the professional indemnity insurance will provide compensation for the legal cost and expenses as well as the compensation awarded against the professional body or the practitioner as the case may be. Cover may be arranged for individual practitioner, corporate organisation or a recognized professional body. Let us have figure for Limit of Indemnity.