Professional Indemnity Insurance

Scope:

1. This is a form of protection for the insured against legal liabilities that may arise by reason of any neglect, error or omission committed in a professional capacity by the person insured or by any partner, director, person who may be in the insured's employment. However, the act leading to the claim must be committed within the period stated on the policy.
2. The policy covers all costs legal charges and expenses required to prosecute the case. Although the claim must be contested by the insured at the request of the insurer.