IndusInd General Professional Indemnity Insurance

What is Professional Indemnity Insurance?

Professional Indemnity Insurance (PI Insurance) protects professionals against financial losses due to claims of negligence, errors, or omissions in their services.

Even if you are not at fault, defending a claim can be expensive. This policy ensures that your business remains financially secure by covering legal costs and compensation payouts.

Key Features of IndusInd Professional Indemnity Insurance

• Comprehensive Liability Coverage
  Covers legal liabilities arising from professional negligence, errors, or omissions.
• Covers Legal Defence Costs
  Includes lawyer fees, court costs, and other legal expenses incurred while defending claims.
• Customisable Sum Insured
  Flexible coverage limits based on your profession and risk exposure.
• Covers Employees & Staff Protection extends to acts committed by employees or authorised representatives.
• Pan-India Coverage
  Claims handled as per Indian legal jurisdiction.
• Tailored for Multiple Professions
  Suitable for doctors, architects, engineers, lawyers, CAs, consultants, and more.

Who Should Buy This Policy?

This policy is ideal for:

• Doctors & Medical Practitioners
• Chartered Accountants & Financial Advisors
• Architects & Engineers
• Lawyers & Legal Consultants
• IT & Management Consultants
• Contractors & Designers

If your business involves advisory, design, or professional services, this policy is essential to mitigate legal risks.

Coverage & Inclusions

IndusInd Professional Indemnity Insurance provides coverage for:

✔ Legal Liability for Negligence

Covers claims arising due to professional errors, omissions, or failure to deliver expected services.

✔ Bodily Injury or Death

If a third party suffers injury due to professional negligence, the policy covers legal liability.

✔ Legal Defence Costs

Includes:

• Lawyer fees
• Court expenses
• Investigation costs

✔ Employee Negligence Cover

Covers claims arising from the actions of employees or staff working on your behalf.

✔ Compensation & Settlement Costs

Pays for damages awarded by courts or settlements made with clients.

What is Not Covered? (Exclusions)

Like all insurance policies, certain situations are not covered:

• Intentional or fraudulent acts
• Criminal activities or legal violations
• Services provided under the influence of alcohol or drugs
• Contractual liabilities not related to professional negligence
• Fines, penalties, or punitive damages
• Intellectual property infringement
• Claims arising before the retroactive date

Why Choose IndusInd Professional Indemnity Insurance?

• Backed by a Strong Financial Group (Hinduja / IndusInd ecosystem)
• Seamless Claims Support
• Flexible Coverage Options
• Designed for Indian Professionals & Businesses
• Trusted transition from Reliance General Insurance

Why is Professional Indemnity Insurance Important?

• Protects your business reputation
• Covers legal expenses and compensation
• Ensures business continuity during disputes
• Builds client trust and credibility

Claim Process (Simplified)

1. Inform the insurer immediately after receiving a claim or legal notice
2. Submit the claim form with required documents
3. Cooperate with the insurer’s investigation
4. Share all legal notices or correspondence
5. Claim is assessed and settled as per policy terms

Documents Required

• Identity proof (PAN/Aadhaar)
• Business registration documents
• GST certificate (if applicable)
• Policy documents

Claim-related evidence