There are keys terms which are prominent in Professional Indemnity Insurance: Liability : Responsibility Legal liability : Responsibilities enforced by law. This can be categorised as civil liability and criminal liability. For the purpose of professional indemnity insurance, only claims falling under civil liability are payable. For claims falling under civil liability, if there […]
Articles Tagged: professional indemnity insurance
How is Indemnity defined under Professional Indemnity Insurance?
A person becomes liable for damage to any property or person caused by the services offered by his business. For providing professional service or advice, a person can face claims of negligence or breach. Under professional indemnity insurance ‘Indemnity’ defines as follows: An indemnity includes claims arising due to the losses or the damages made […]
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 […]