What is Professional Indemnity Insurance?
Professional Indemnity insurance is a form of business insurance designed to protect you and your profession against financial and legal claims from clients who have suffered a financial loss due to potential professional negligence and poor advice. It differs from Public and Employers Liability cover in that it is designed to protect you, the policyholder, rather than the claimant.
Cover could also include protection against intellectual property infringement, claims of dishonesty or defamation, and those relating to loss or inappropriate use of documents or data.
Essentially, in your professional capacity if you offer advice or a service you may be at risk of a Professional Indemnity claim.