Professional Indemnity Insurance

Professional indemnity insurance can address certain claims arising from professional services, subject to the policy.

Overview

Check the definition of professional services, retroactive dates, exclusions, limits and notification requirements.

What should you check?

• Read the policy definitions, limits and exclusions.
• Check the excess and any waiting or notification requirements.
• Understand what evidence may be required for a claim.
• Compare equivalent levels of cover rather than comparing price alone.

Why policy wording matters

Insurance is a contract and the precise terms determine when a claim can be accepted. Marketing summaries can be useful for orientation, but the policy documents should be treated as the authoritative source for the coverage you are considering.

Common questions