What is Professional Indemnity Insurance

What is Professional Indemnity. If you are an employer, professional, or a kind of people that provide service for other people or company, you should know about liability insurance. The liability insurance will protect you from bodily injury, property damage, personal injury, or advertising injury claim. Some form of liability insurance is professional indemnity insurance and public liability insurance. It is not a new type of insurance product because the liability insurance has been practiced for a long time.

To know more about the liability insurance, we will discuss further one by one. We need to do research to answer what is public liability insurance. We need the internet to answer the question and from the public liability internet we can get a definition that the term means protection to the third party because of a company activities, facilities, and negligence. For example, a company has a damaged machine and suddenly huge amount of pollutant poison the water source, the claim can be made to the insurance company to pay all damages that happen. Professional indemnity insurance is an indemnity insurance product intended to protect the professional from claims because of loss or damage because of the service he or she provided. There are many types of professional indemnity and one of it is the professional indemnity for accountants. If you are an accountant, you will be protected from your company’s financial loss because of your service.

The professional indemnity can be obtained if you willing to do a small research on the internet to find the most professional insurance company that provides that kind of insurance. You can get professional indemnity insurance quote from the internet. The quotes will help you to get cheap professional indemnity insurance to protect yourself as a professional by having the insurance, you will become more reliable in front of your clients.