Sunday, 11 December 2016 18:15

Professional Indemnity Insurance

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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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Website usage / Disclaimer

The objective of this website is to give professionals in the financial institutions industry a place to acquire additional insight about insurance solutions for their companies. For the legal purists (;-)) amongst you, the intention is to explain all subjects as simple as possible and therefor sometimes the text might not be 100% legally correct to get the message more clearly across.  Please note that this website is written from a Dutch point of view and although many legal & insurance subjects will have similar equivalents in other countries/legal systems they might be different. This website does not intend to provide legal advise. You should always consult your own legal consultants in relation to your personal/companies matters.