Professional Indemnity Insurance

Definition

• A class of insurance that covers individuals in the event that they are found liable for damages. Some examples of indemnity insurances include malpractice insurance, and errors and omissions insurance.

Notes
More commonly referred to as professional liability insurance.

Acronyms
PII

Related Terms and Acronyms

• Professional Liability Insurance (PLI) — Acronym, Very Important,
  • Insurance that covers professionals for liabilities occurring due to negligence or harm in a product or service they provide.