What is Professional Indemnity Insurance for Doctor's?

Professional Indemnity Insurance offers legal and financial assistance in the event of any professional errors made by doctors while treating their patients. It also safeguards them against unwarranted claims and covers the following expenses and allegations:

• Legal fees and court-awarded damages or compensation settlement for claims arising from medical malpractice allegations or legal suits (Errors & Omissions in practice)

• Claims related to breach of confidentiality allegations

• Loss of third-party documents, including the cost of reinstating the documents.

Who needs it??

Why do you need it?

Whether you're a freshly graduated professional or an experienced medical specialist or surgeon, it's possible to face allegations or claims, even if no errors were made, or you acted as a Good Samaritan.
As a professional, you can be held accountable. Our insurance product provides protection against such risks in the event of negligence or any allegations concerning your professional services. It covers litigation expenses in the case of lawsuits and provides payment for settlements and awards when applicable.

What is Professional Indemnity Insurance for Chartered Accountants?

Professional Indemnity Insurance is a policy that provides indemnity against legal liability to pay compensation, including defence costs, fees, and expenses in compliance with Indian laws throughout India.
This insurance covers claims arising from losses or damages resulting from any breach of professional duty due to a negligent act, error, or omission committed or alleged while rendering services as a chartered accountant during the insurance period.

Who needs it?

This policy is designed for both individuals and CA firms who provide professional services, including chartered accountants, financial accountants, management consultants, lawyers, advocates, solicitors, and counsels. Its aim is to safeguard their financial position and professional reputation.

Why do you need Professional Indemnity Insurance for Chartered Accountants?

Professional Indemnity Insurance serves as a safety net in case your risk management strategies fail. If a client or third party suffers financial loss as a result of your professional advice, they may hold you legally accountable and seek compensation for the financial loss. As a Chartered Accountant, you could be held liable for breach of contract, negligence, or breach of statute.
By obtaining Professional Indemnity Insurance, you can safeguard yourself, your employees, and your business against third-party claims and accusations.