Professional Indemnity Insurance Meaning
Professional Indemnity Insurance (PII) is a type of insurance that protects professionals, such as doctors, lawyers, and consultants, against claims for negligence, errors, or omissions in the services they provide. It covers legal costs and damages that may arise from professional mistakes or advice that results in financial loss for clients.
Synonyms for Professional Indemnity Insurance
Errors and omissions insurance
Professional liability insurance
Malpractice insurance
Liability insurance
Professional protection insurance
Indemnity cover
Coverage for professional negligence
Legal liability insurance
Consultant liability insurance
Risk management insurance
Antonyms for Professional Indemnity Insurance
No coverage
Personal liability insurance
General liability insurance
Life insurance
Health insurance
Property insurance
Non-professional insurance
Casualty insurance
Uninsured status
Financial independence
Short Sentences Using Professional Indemnity Insurance
Doctors often carry professional indemnity insurance to protect themselves from malpractice claims.
The lawyer’s professional indemnity insurance covered the legal fees after the court case.
As a consultant, she ensures that her professional indemnity insurance is up-to-date.
If a mistake is made in their advice, professional indemnity insurance helps cover the costs.
Some clients require proof of professional indemnity insurance before signing contracts.
