Professional Indemnity Policy
The Professional Indemnity Insurance Policy is specially designed for Professionals like Doctors, Lawyers, Engineers and Chartered Accountants.
This Policy covers legal liability of the Professionals in the event of bodily injury / physical loss or damage to the property of their clients due to human error or negligence in giving professional advice.
Who can be covered?
Any person engaged in a profession, irrespective of whether he is senior or just started his career.
Doctors (Surgeons, Anaesthetists, Physician, Orthopaedic etc.) Dentist, Engineers, Architects, Lawyers, CA or any other professional require protection of this policy.
Why should we take this Policy?
A human error or mistake can occur at any time, which when happens in the conduct of a profession could cause heavy loss, damage of property or bodily injury to others. This Policy compensate loss / damage to the extent of sum insured, if legally liable.
Since the professionals are assisted by qualified or unqualified people. Negligence of such assistants can also be covered by declaring them and paying extra premium.
What happens when there is a claim?
As soon as the professional gets a legal notice of claim from his client, the insurance company is to be informed.
Proper and timely defence to be taken in consultation with Insurance company.
Doctors and Medical Practitioners
The policy will indemnify the insured who shall be a Registered Medical Practitioner, against any legal liability to third parties arising out of a negligent act of error, omission or negligence during the course of professional service.