Professional Indemnity (Introduction)

An introductory course for those who are new to Professional Indemnity Insurance

This course provides an overview of professional indemnity insurance and is ideal for those with no – or limited – involvement in this class of business.

What is Covered

• Professional and duty of care – legal liability including breach of contract

• Exposure of different professions

• Claims examples

• Policy cover, conditions and typical exclusions

• Claims made basis of cover, retroactive date and run off cover

• Underwriting factors

Course Outcome

• Identify the different professions that may have a professional indemnity (PI) exposure

• Explain how professional liability arises

• Discuss the types of claims made against different professionals

• Explain the coverage provided by a PI policy

• Outline the principal extensions and exclusions in a PI policy

• Outline the main underwriting factors

• Enhanced employee knowledge

• CPD event