PROFESSIONAL INDEMNITY INSURANCE
Professional indemnity insurance is a type of business insurance that protects professionals and businesses from financial losses if a client claims they suffered harm due to mistakes, negligence, or inadequate services.
In simple terms, it's like a safety net for professionals (like consultants, lawyers, architects, or doctors) in case their advice, work, or services lead to financial or reputational damage for a client. It covers legal costs and any compensation the professional might have to pay, giving peace of mind and financial protection