Professional Indemnity Insurance
Cover for claims by clients arising from errors or negligence in professional services, subject to the selected policy.
How we help
Professional indemnity insurance protects professionals such as doctors, lawyers, chartered accountants, architects and consultants against claims from clients who say they suffered a loss because of a mistake, omission or negligence in the professional's work.
The policy generally pays legal defence costs and any compensation awarded or settled, up to the limit of indemnity. It does not cover deliberate wrongdoing.
Most policies cover claims made during the policy period for work done after a retroactive date. We explain how this works so that cover is not lost when a policy is renewed or changed.
What it covers
- Defence costs and compensation for covered claims
- Cover for professional negligence or error
- Terms vary by profession and policy
Coverage, exclusions, and claim conditions depend on the policy and insurer.
Before you decide
Points to check
- 01The limit of indemnity for each claim and in total for the year
- 02The retroactive date and how claims are treated at renewal
- 03Whether defence costs are included within the limit
- 04Exclusions, such as dishonest acts
- 05Any cover the profession's regulator requires
Common questions
What people ask us about Professional Indemnity Insurance
Who needs professional indemnity cover?
Anyone whose advice or services could cause a client a financial or other loss if there is a mistake, including doctors, lawyers, accountants, architects and consultants.
What is a claims-made policy?
The policy responds to claims first made during the policy period, for work done after the retroactive date. Keeping the policy continuous protects cover for earlier work.
Does it cover intentional wrongdoing?
No. Policies exclude dishonest or deliberate acts. They respond to errors, omissions and negligence.
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Shree Sai Insurance is the practice of Amit Dhirajlal Waghela, an AMFI-registered mutual fund distributor (ARN-166386), not a SEBI-registered investment adviser. The firm earns commission from asset management companies on the schemes it distributes, does not charge a fee for distribution, and does not guarantee returns. Insurance is offered separately from the mutual fund distribution business. Mutual fund investments are subject to market risks. Read all scheme related documents carefully.