Professional Indemnity Insurance (PII), a form of liability insurance that helps to protect professional advice and service providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit. The coverage focuses on alleged failure to perform on the part of, financial loss caused by, and error or omission in the service or product sold by the policyholder. These are potential causes for legal action that would not be covered by a more general liability insurance policy which addresses more direct forms of harm.

A Professional Indemnity insurance policy covers against:

• Financial loss suffered by a third party
• Loss of documents
• Dishonesty of employees
• Legal costs incurred defending a claim against you
• Alleged breaches of the Trade practices Act

At P&P, we have handled various claims in this regard and are equipped to tailor professional indemnity policies to cover your needs. In today’s society where litigation is extremely common, there is a great need for this type of insurance.