Professional Indemnity Insurance (PI) provides protection for businesses and professionals claims made against them by past or present client’s respect of legal liability. PI Insurance covers the costs and legal defence costs, as well as any damages payable. It’s sometimes referred to errors and omissions insurance. Civil wordings cover not only negligence but also civil and contractual liability.
Professional Indemnity Insurance is designed for an person who designs, gives advice, or offers services in a professional capacity, and is seen by clients as an expert.