The professionalCARE Professional Indemnity Insurance policy provides coverage for financial losses that may arise from errors, omissions, or negligence in the course of the insured’s professional activities.
It is primarily designed for professionals who offer services or advice, such as:
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Lawyers
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Accountants
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Engineers
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Doctors
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Architects
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Business consultants
Specifically, professionalCARE covers:
Third-party claims arising from:
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Errors or omissions in the execution of professional duties
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Negligence or failure to fulfill professional responsibilities
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Breach of confidentiality
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Defamation or libel (in certain cases)
Legal defense costs, even if the claim is unfounded (e.g., legal fees for court representation)
Compensation or damages awarded by a court or agreed through an out-of-court settlement
Why it is important for every professional:
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It protects the personal and corporate finances of a professional
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It enhances professional credibility and client trust
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In some sectors, obtaining such coverage is legally mandatory, e.g., for lawyers, accountants, insurance intermediaries, architects, etc.
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It may be required for participation in tenders or contracts
For more information or a quotation, please contact our Customer Service Department or any of our insurance intermidiaries.