What insurance covers pi?
Professional indemnity insurance covers financial loss, personal injury and property damage resulting from your negligent act, error or omission while you're working for a client.
Is professional indemnity insurance the same as public liability?
The difference between public liability and professional indemnity insurance is that public liability is tailored for claims by members of the public for injury, illness or damage while professional indemnity covers claims by clients for professional mistakes or negligence.
Who needs professional indemnity?
You are likely to need professional indemnity insurance if: You provide advice or professional services to your clients (including consulting or contracting) You provide designs to your clients (such as working as an architect or design engineer)
What's the meaning of indemnity insurance?
Indemnity — compensation to a party for a loss or damage that has already occurred, or to guarantee through a contractual clause to repay another party for loss or damage that might occur in the future.