We issue 'Professional Indemnity' policies to the following group of professionals:

• Any institutions who is offering any services and advisory
• Doctors and medical practitioners - which covers registered medical practitioners like physicians, surgeons, cardiologists, pathologists etc.
• Medical establishments - which covers legal liability falling on the medical establishment such as hospitals and nursing homes, as a result of error or omission committed by any named professional or qualified assistants engaged by the medical establishment.
• Engineers, architects and interior decorators.
• Lawyers, advocates, solicitors and counsels.
• Chartered accountants, financial accountants, management consultants

The policy covers all sums which the insured professional becomes legally liable to pay as damages to third party in respect of any error and/or omission on his/her part committed whilst rendering professional service. Legal cost and expenses incurred in defense of the case, with the prior consent of the insurance company, are also payable, subject to the overall limit of indemnity selected.

Only civil liability claims are covered. Any liability arising out of any criminal act or act committed in violation of any law or ordinance is not covered.

Various add-ons under Professional Indemnity Policy are as follows:

• Court Attendance Cost
• Vicarious liability resulting from the actions of the insured's agents/Subcontractors
• Unintentional breach of Intellectual Property rights
• Bodily Injury/Property Damage carve back for loss arising out of/attributable to insured's professional services covered
• Dishonesty of Employees
• Automatic Acquisition of New Subsidiary
• Reputational Injury Extension
• Loss Definition to include Punitive and Exemplary Damage
• Defamation including Libel & Slander

Limit of Liability should decided on the basis of Turnover of the Business, Contractual requirement if any, Industry Benchmarking etc.

Generally, under a professional liability insurance policy, only the civil liability claims are covered. If the claim arises out of a criminal act or violation of law, then it is not covered under this policy.