Indemnity Introduction

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's 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

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