By this insurance the company will indemnify the Assured up to the sum stated in the policy schedule for which the Assured may become legally liable consequent upon any claim(s) made against them during the period of insurance as a direct result of any negligent act, error or omission in the professional conduct of their business. Knowing that this type of insurance can commence on accident occurrence basis or on claim submittance basis.

The policy will also pay the defense costs and expenses incurred by the Assured.

Some of the professions that could be covered under Professional Indemnity policies are:

• Consulting Engineers and Architects.
• Professional Accountants/ firms
• Doctors (including Clinics/ Hospitals)