Professional Indemnity (PI) insurance is your business’s armor against claims for loss or damage stemming from alleged negligence while providing a service. Whether or not a fee was charged for the service, allegations can still arise. Beyond simply covering the claim costs, provided it surpasses your self-insured excess, PI insurance also shoulders the legal and defense expenses tied to resolving or defending the claim. It’s not just protection; it’s peace of mind for your professional journey.
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