What does Professional Indemnmity insurance cover?

 

Professional negligence: Protects against claims that a mistake, oversight, misadvice, or error in your professional service caused financial loss to a client.

Loss of reputation: Can help cover costs if your advice or work causes harm to a client's reputation.
Legal costs: Covers the expenses of defending yourself, even if the claim is ultimately unfounded.

Other areas: It can also cover issues like breach of duty, defamation, or infringement of intellectual property rights. It can even cover for issues such as data protection breaches.