Professional Indemnity
Professional Indemnity Insurance protects professionals against claims of negligence, errors, or omissions in the course of their business activities.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
Secure Your Professional Reputation
Indemnity Insurance from ₹500/month
Definition
Professional Indemnity Insurance provides financial protection for professionals against claims arising from negligence, errors, or omissions while providing services. It covers legal defense costs, settlements, and damages, safeguarding the professional's reputation and financial stability.
How does it work?
Professionals pay a premium for this insurance, and in return, it offers coverage for claims alleging professional misconduct or negligence. If a claim is made, the policy covers legal costs, settlements, and damages awarded, up to the policy limit. It's important to understand the policy's terms, including coverage limits and exclusions, to ensure adequate protection.
What’s Covered
Professional Errorsand Omissions financial protection for claims alleging errors or omissions in professional services.
Unintentional Breachof Contract coverage for claims arising from accidental breaches of contract in the course of professional services.Advice andConsultation protection for liabilities related to professional advice or consultation services.
Data Protectionand Privacy Laws coverage for claims related to violations of data protection and privacy laws.
What’s Not Covered
Intentional Wrongdoing excludes coverage for intentional criminal acts or deliberate wrongdoing.
Known Circumstances claims arising from circumstances known to the insured before the policy inception are not covered.
Contractual Liabilities liabilities that arise from specific contractual obligations may be excluded.
War and Terrorism claims arising from war, terrorism, or related activities are typically not covered.
Non-Financial Losses the policy may not cover non-financial losses such as reputational damage, unless specifically included.
POLICYERA BENEFITS
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