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Rating:Professional liability insurance, also called professional indemnity insurance but more commonly known as errors & omissions in the US, is a form of liability insurance that 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, and damages awarded in such a civil lawsuit. The coverage focuses on alleged failure to perform on the part of, financial loss caused by, and error or omission in the service or product sold by the policyholder.
read moreProfessional Insurance Agents Ltd is a specialist professional indemnity, intellectual property and directors and officers' insurance brokerage. The company was formed on the 20th January 1995 from a management buyout of the professional indemnity insurance account held by East Sussex Finance & Insurance Services Ltd, who had been offering professional indemnity and directors and officers' insurance to clients for more than eight years.
read moreAn indemnity is a sum paid by A to B by way of compensation for a particular loss suffered by B. The indemnitor may or may not be responsible for the loss suffered by the indemnitee. Forms of indemnity include cash payments, repairs, replacement, and reinstatement.
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