Professional Indemnity Policies :
Professional indemnities are designed to provide insurance protection to professional people against their legal liability to pay damages arising out of negligence in the performance of their professional duties.
Such policies are available to Doctors, Medical establishments, Engineers, Architects and Interior decorators, Chartered Accountants, Financial Consultants, Management Consultants, and Lawyers etc.
Professional risks fall into the following two broad groups:
(a) Where professional negligence may result in bodily injuries (fatal or otherwise). Doctors, Dentists etc., fall into this group
(b) Where professional negligence may result in financial loss. Chartered Accountants, Lawyers etc. fall into this group.