Glossary Definition: Professional indemnity insurance protects international service providers, consultants, architects, and tech firms against the severe financial consequences of lawsuits alleging professional negligence, errors, or omissions that cause financial harm to clients. Maintaining professional indemnity insurance across multiple country branches is a foundational necessity for corporate risk mitigation, serving as a specialized liability defense layer alongside standard international liability insurance.
« Back to Glossary IndexProfessional Indemnity Insurance
« Back to Glossary Index