A Guide to Professional Indemnity Insurance For Companies

Professional Indemnity Insurance (PII) for companies provides critical protection against financial liabilities arising from professional mistakes, negligence, or omissions in the services they offer. This type of insurance safeguards businesses from claims that could result in client financial loss or reputational damage. It covers legal fees, compensation payouts, and defense costs, ensuring that companies remain protected even in the event of professional disputes or errors. Whether it’s an error in advice or a service-related oversight, PII helps maintain business continuity and protect the company's bottom line.