Latest articles on Life Insurance, Non-life Insurance, Mutual Funds, Bonds, Small Saving Schemes and Personal Finance to help you make well-informed money decisions.
1) Professional indemnity insurance is meant for professionals like doctors, engineers,
architects, lawyers and chartered accountants.
2) It insures them against any financial loss resulting from a claim due to unintentional errors
and omissions committed by them while rendering professional service.
3) For this insurance to kick in, the condition is that the loss must be to a third party who has
suffered bodily injury or property damage.
4) Only civil liability claims are covered and any liability arising out of any criminal act or act
committed in violation of any law or ordinance is not covered.
5) Professional bodies such as medical establishments, law firms, IT companies or financial
institutions can also be covered.
Copyright © 2024 Design and developed by Fintso. All Rights Reserved
+91 99410 68410
Industry News