Professional indemnity insurance is known to be popular amongst areas of expertise like accountancy, architecture, medicine, or the law. It is also highly useful to anyone giving professional advice, consultancy, or design work. Buying professional indemnity insurance is not legally compulsory. However, some organizations will only work with a consultant who has PI insurance coverage […]
Articles Tagged: professional indemnity
Four reasons why Indians buy such little general insurance
Published in Mint on 16th April, 2018. Written by Kapil Mehta. Insurance penetration in India is low, particularly for general insurance, which includes motor, health, property and liability covers. We buy about Rs750 of general insurance per person per year compared to over Rs6,500 in Russia, China or Brazil, according to a report by the International […]
Advisors take professional indemnity cover
Published in Cafemutual on 3rd September, 2015 Financial advisors are increasingly opting for professional indemnity insurance which protects them against any litigation due to errors or negligence in their practice. In case of financial advisors, such errors can occur due to judgmental errors. IFAs say that this cover has come into spotlight after The New […]
Our Q&A Column in Mint – July 17th, 2013
Read our column in Mint about Construction All Risk insurance and Professional Indemnity for doctors on SecureNow Insuropedia
Do not rely only on company health cover for dependants
Published in Mint on 27th May 2014, Written by Kapil Mehta My mother and father have retired and have no mediclaim. However, my wife and I have added them as dependants in our company health insurance. In my company, they are eligible for Rs.1 lakh as group cover, and in my wife’s, they are eligible […]
Stock Brokers hike cover to up to 10 crore after Emkay episode
Many stock brokers have raised their insurance coverage to up to 10 crore and extended their mandatory broker indemnity policy to cover fat finger errors similar to the one that caused Mumbai-based brokerage Emkay to take a Rs 51-crore hit on its books. Emkay GlobalBSE -6.17 % received only Rs 95 lakh as insurance against the […]
5 Ways A Professional Indemnity Insurance Can Help Attract Talent
Doctors are considered to be potential lifesavers that people look up to in times of emergency. The medical profession is revered in India, and its high-income levels and dignified aura make it a favourite among people of all ages. But, as with everything, this profession is also driven by several negative forces that are growing […]