Why do I need Professional Indemnity Insurance?

Every body makes mistakes and when you are in the financial services industry you might want to consider a professional indemnity insurance to protect your (companies) assets for the damage third parties suffer due to your mistakes. Or a little bit more formal stated: a professional indemnity insurance covers the pure financial loss of third parties caused by wrongful professional acts of the insured in the course of the rendering or failure to render professional services by the insured.

The professional Indemnity Insurance (PII of PI) is also known as professional liability insurance (PLI) or errors and omissions insurance (E&O).

We have created a quick reference guide to professional indemnity (PI) insurance (also known as error and omission (E&O) insurance) which will enable you to take a quick peek at the most relevant items in professional indemnity insurance.

You can either view the quick reference online or download it for your convenience.

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