Professional indemnity insurance also commonly referred to as professional liability insurance or PI insurance, is designed specifically for professionals who provide advice and/or services to their clients.
The cover provides a cushion to professionals who may become legally liable as a direct result of any negligent act, error or omission made during the performance of their duties as a professional. The professional indemnity/liability insurance covers awards arising out of court judgments, defense costs, loss of documents, fees and expenses. The policy also pays for cost of litigation, any settlement that may be awarded, and may be extended to include loss of documents and dishonesty by employees.
PI cover is available for lawyers, architects, engineers, surveyors, accountants, auditors, trustees, board of directors and medical professionals (general practitioners, nurses, dentists, physiotherapists), just to mention a select list of professionals.
Talk to Malta today and let us craft a professional indemnity insurance policy that will enable you to provide your clients with the best services possible, without the perpetual worry that if something goes wrong, you will be held financially responsible for the wrong doing.
