Do different insurers offer different pricing for a doctor’s professional indemnity? A professional indemnity insurance policy for doctors is meant to cover doctors against third-party liabilities that arise in case of errors or omissions. If due to the treatments given by doctors, the patient suffers adverse physiological damages, or if the patient is […]
A professional indemnity insurance policy plays a crucial role by offering the financial coverage to the policyholder against professional negligence and acts of omission or negligence. The policy also covers defence costs, i.e., lawyer fees and compensation awarded by the court to the plaintiff. Also called, errors & omissions insurance, the policy, gets triggered as […]
Professional Indemnity Insurance policy protects an individual from any third-party liability arising due to any mistake or decision made by the individual, working as a service provider in his/her professional capacity, that may have not gone down well with the party receiving the service. In certain professions like medical services, even a single mistake can […]
Professional indemnity insurance is a protective cover to pay up any third-party liability arising due to any kind of error committed involuntarily in professional position that may have been harmful to the said party. This liability insurance cover is available to all kinds of professionals but is especially beneficial to people in the medical, legal […]
If you are a professional service provider, you know the value of managing client relations and rapport in the market and how difficult it can be to maintain. A professional indemnity policy can help you avoid damage to the image or your financial health in the case of a claim of negligence by a customer. […]
In the field of health profession, medical negligence is an often used term demonstrating a deficit in doctor’s duties towards patient care. When a patient visits a doctor to consult him or her for treatment, the former trusts the latter completely. Respecting that trust as well as adhering to the ethics of the health profession, […]
Professional indemnity insurance, popularly known as PI Insurance or professional liability insurance (PLI), offers coverage to professionals like consultants, lawyer, architects, doctors etc against the error and omission claims filed by a third party i.e. clients. This policy indemnifies you against the legal cost and protects your professional reputation. Any claims arising out of negligence […]
An engineering consultant is a professional adviser who with his due diligence and reasonable skills provides assistance in engineering projects. Errors and omissions are part and parcel of professional services and Professional Indemnity Insurance (PLI) help you get covered against negligent acts, error or omission etc. In engineering projects, there are high chances of design […]
Professional indemnity insurance is one of the most popular insurance among professionals since it saves them and their business at the time of error and omission. Negligence, incorrect advice, violation of good faith, misrepresentation or breach of professional duty might bring doomsday for your business because clients these days are more conscious about their rights. […]
Being a professional or consultant comes with a few must-dos: Getting a proper professional indemnity insurance coverage is the most important one as it provides a shield against the financial blow of unexpected occurrences. It saves yourself from huge financial trouble in the long run. It is not a legal requirement to have professional indemnity […]
