The Professional Indemnity Insurance often called as the Professional liability insurance is meant to protect the professional practitioners or any business against any kind of claims or bad debts that arise on account of their customers or creditors. In straightforward words the professional indemnity insurance covers the risk that arises in the business. Professional indemnity cover has a different name for different kinds of profession with different kinds of policies followed in that profession. The cover of Professional Indemnity Insurance also varies from business to business. The policy limit is also dissimilar and depends up on the business type. The Professional Indemnity Insurance professionals in the field of real estate, technology, website developers, software developers, management consultants and other sectors as well.

The Professional Indemnity Insurance covers the negligent claims that arise from the customers; it also covers all kinds of errors or omissions and also defends against the breach of duty and misrepresentations. Every business must purchase the Professional Indemnity Insurance so the owner of the policy can transfer the liability of paying any claims to the insurance company which are caused by the insured. The insurer also conducts an investigation to interrogate if anything is false and unjustified.