Back to Products
Professional Indemnity

Professional Indemnity

Essential for professionals providing advice or services. Covers errors, omissions, and negligence.

Overview

Professional Indemnity (PI) insurance protects you and your business against the financial cost of a claim for error, omission, or negligence in the performance of your professional services.

1Who needs this?

Doctors & Surgeons
Architects & Engineers
Lawyers & Accountants
IT Consultants
Management Consultants

What it covers

  • Professional negligence
  • Errors or omissions
  • Breach of confidentiality
  • Defamation
  • Loss of documents

What is NOT covered

  • Fraudulent or dishonest acts
  • Bodily injury (unless resulting from professional breach)
  • Prior known claims

Important Note: Coverage details, limits, and exclusions may vary depending on the specific policy terms, the insurer selected, and individual risk profiles. Always refer to the actual policy document for full terms and conditions.

Common Claim Scenarios

Structural Design Error

"An engineering firm made a calculation error in the structural design of a warehouse, leading to cracks in the walls. The PI policy covered the cost of the remedial works and the legal fees involved in the dispute with the developer."

Frequently Asked Questions

Is PI mandatory for doctors in Malaysia?
Yes, the Malaysian Medical Council (MMC) requires all practicing doctors to have valid indemnity cover.
What is 'Claims-Made' basis?
PI policies only cover claims made *during* the policy period, regardless of when the error actually occurred.
What is 'Run-off' cover?
This protects you after you retire or close your business for work done in the past, which is critical for professionals.
Does it cover breach of contract?
It covers breaches of contract that arise from professional negligence, but not general commercial disputes.
Can I cover my sub-consultants?
Usually, you are covered for your liability arising from their work, but they should ideally carry their own PI as well.

Other Insurance Solutions

Directors & Officers (D&O) Liability

Protecting company leaders against legal actions for alleged wrongful acts in their capacity as directors or officers.

Learn More

Contractors All Risk (CAR)

Comprehensive protection for contract works, construction plant, and third-party liability.

Learn More

Erection All Risk (EAR)

Specialized for the installation of machinery, plant, and steel structures.

Learn More
WhatsApp Kami