With regards to what a policy will cover – professional liability insurance protects businesses against claims of negligence occurring during the course of offering services, duties, or advice.
PPI also covers the cost of any legal defense against these claims.
Professional liability insurance generally covers firms against actual or alleged errors occurring as negligence, a breach of duty, and civil liability.
Deliberate errors will not be covered.
Negligence may include making an error or omission which deviates from the original brief and civil liability cover protects against breach of contract, libel, or slander.
Civil liability cover can also protect against workplace incidents though such as the accidental infection of IT systems with viruses.
The responsibility for ensuring a business has enough PPI cover falls on the company themselves, so always be aware of any legislation which places stipulations on the …Read More