Professional Indemnity Insurance
Professional Indemnity insurance protects professionals and service firms against financial loss arising from claims of negligence, errors, or omissions in the performance of professional duties. In India, this cover is increasingly demanded across IT/ITeS, consulting, architecture, engineering, legal, medical, and financial advisory services. The IT sector, which exports over USD 190 billion in services, often faces contractual mandates from global clients requiring PI cover. Claims-made policies are standard, with retroactive date provisions covering past acts. The policy typically covers defence costs, settlements, and court-awarded damages. IRDAI guidelines classify PI under liability insurance, and Indian courts have progressively expanded the scope of professional negligence claims.
Key features
- Claims-made policy form with retroactive date
- Covers negligent acts, errors, and omissions
- Defence costs included within or in addition to limits
- Covers breach of confidentiality and IP infringement claims
- Extended reporting period (tail cover) available
- Often contractually required by international clients
City coverage guides
Professional indemnity insurance for Mumbai consultants, IT firms, architects & CAs. Protect against client claims for professional errors. Talk to Sarvada.
Professional indemnity insurance for Delhi's consultants, IT firms, and service professionals. Protect against negligence and errors claims in NCR.
Professional indemnity insurance for Bangalore's IT, consulting, and services firms. Cover errors, omissions, and negligence claims from clients.
Professional indemnity insurance for Chennai's IT, consulting, and healthcare professionals. Covers negligence claims, legal costs, and client damages.
Professional indemnity insurance in Hyderabad for IT consultants, architects, and advisors. Cover negligence claims and legal costs. Get a Sarvada quote.
Professional indemnity insurance for Pune's IT firms, consultants, and professionals. Covers claims from errors, omissions, and negligence in service delivery.
Protect Kolkata professionals against negligence claims with professional indemnity insurance. Covers legal costs and damages for errors and omissions.
Professional indemnity insurance in Ahmedabad for IT firms, consultants, architects, CAs, and GIFT City financial professionals. Covers negligence claims and legal costs.
Professional indemnity insurance in Surat for diamond valuers, architects, IT firms, chartered accountants, and consultants. Cover negligence and errors claims.
Professional indemnity insurance in Jaipur for IT firms, architects, consultants, and gemologists. Cover against claims of negligence and professional errors.
Professional indemnity insurance in Lucknow for IT firms, doctors, architects, CAs, and consultants. Cover negligence claims and legal costs.
Professional indemnity insurance in Kochi for IT firms, consultants, architects, and healthcare providers. Cover negligence claims and legal costs.
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