Professional Indemnity (PI) insurance is a form of liability insurance. It is designed to protect business offering professional advice or services. Anyone who gives to another person advice and/or services of a skilful character according to an established discipline, might be regarded as a professional.
The Commercial Directors and Officers Insurance policy provides coverage for claims brought against directors and officers of a company for actual or alleged breach of duty, neglect, misstatements, errors or omissions. Coverage includes advancement of defense costs granted prior to final disposition of a claim for individuals when the corporation cannot provide such costs.
Protects law firms and its partners, directors and employees from claims arising from activities arising out actions as a lawyer or notary. Coverage may also be available for activities as an outside director of a third party corporation.
This policy provides coverage for publishers and broadcasters for defamation, invasion of privacy, newsgathering , intellectual property and errors and omissions lawsuits.