Professional Indemnity Insurance protects

Professional Indemnity Insurance protects professionals in given industries from bearing the full cost of defending against claims and charges brought against them by clients and the cost of damages awarded against them in civil lawsuits. It is also sometimes called Errors and Omissions Insurance. The saying goes that you don’t have to be wrong to be sued, as such many professions either encourage or mandate their members to have some form of indemnity insurance in order to practice in the industry e.g. Kenya Medical Association (KMA) In some other parts of the world, even landlords are required to have a landlord insurance cover to protect them against any liabilities they may be prone by their position as legal owners of the residential property.

What does it cover?

Professional liability and Indemnity Insurance covers errors, mistakes and or omissions. Indemnity will be provided in accordance with the limits, conditions and activities defined in the policy.
The scope of this professional insurance is as below

Cost of legal defense
Judgments/awards in the civil court
Fees and expenses incurred during the lawsuit
Loss of documents
Dishonesty of employees

Who is it for?

Dentists
Radiologists
Gynaecologists
ENT Surgeons
General Practitioners
Cardiologists
Paediatricians
Pathologists
Dermatologists
Surgeons

Lawyers
Architects
Accountants
Engineers
Management Consultants
Accountants/Auditors
Trustees
Surveyors
Solicitors
Valuers