Professional Indemnity Insurance (PI)
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Professional Indemnity Insurance (PI Insurance) indemnifies a professional against their legal liability towards third parties for loss arising from their professional negligence.
Your client may need professional indemnity insurance if they:
- Give advice to their clients.
- Handle data belonging to a client or business.
- Are responsible for a client’s intellectual property
- Provide a professional service.
Your client may feel confident in the quality of their work but any business is vulnerable to a claim of negligence when professional advice / services fail to meet their client’s expectations and cause financial loss.