Professional Liability Insurance in Mumbai

Professionals are employed with complete trust and faith by clients. Unfortunately, human error cannot be eliminated and hence they are exposed to the risk of claims from clients who have suffered loss due to neglect, error or omission. In today’s litigious world, claims can pose a significant threat to the financial security for a medical practitioner. The professional indemnity insurance policy is meant for professionals to cover liability falling on them as a result of errors and omissions committed by them whilst rendering professional service or for settlements negotiated in accordance with the coverage afforded by the policy. Professional indemnity helps protect professional advice- and service-providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client.