Professional Indemnity (PI) insurance is becoming increasingly important for today’s professionals. It protects them against claims for financial loss arising out of negligent advice, designs or specifications given in the course of their business.
From accountants and solicitors to dieticians and marketing experts – any professional who offers their knowledge, skills or advice as part of their work needs to consider PI cover. Today’s PI policies also typically offer a suite of additional covers, such as loss of documents, cost of criminal proceedings and protection of intellectual property rights. Zurich Insider has published a quick guide to understanding different approaches to PI cover and terminology… “the devil really is in the detail” (Mark Brundell, Head of Regional Professional Indemnity at Zurich). The article is available here.