Professional Indemnity Insurance
/ˌproʊˈfɛʃənəl ɪnˈdɛm.nɪ.ti ɪnˈʃʊərəns/
Definitions
- (n.) Insurance protecting professionals against claims of negligence or breach of duty arising from their professional services.
The lawyer purchased professional indemnity insurance to cover potential claims from clients.
Forms
- professional indemnity insurance
Related terms
See also
Commentary
Often essential for professionals such as lawyers, accountants, and consultants to manage risks associated with their advice or services.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.