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UNITED INDIA INSURANCE COMPANY LIMITED REGD & HEAD OFFICE NO 24 WHITES ROAD CHENNAI 600 014 PROPOSAL FORM FOR PROFESSIONAL INDEMNITY INSURANCE 1. 2. 3. 4. 5. 6. a) Name of Proposer (in full) a).

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Professional indemnity (PI) insurance is a commercial policy designed to protect business owners, freelancers and the self-employed if clients claim a service is inadequate. ... A customer might say you were negligent, delivered the wrong training or made a mistake which cost them money.

Yes, Premium paid for mediclaim policy is eligible for tax deduction under section 80 D of the Income Tax Act.

Public liability insurance is essential for any company, but whether you need professional indemnity depends on what type of business you run. You could save money by combining both insurances on one policy, but first work out if you need both types of cover.

Professional Indemnity Insurance provides cover for legal costs and expenses incurred in your defence, as well as any damages or costs that may be awarded, if you're alleged to have provided inadequate advice, services or designs that cause your client to lose money.

Professional Liability Insurance (PLI), is also known as Professional Indemnity Insurance (PII) or as Errors & Omissions (E&O). ... It provides indemnity in case a third-party sustains injury, harm, death or damage to property due to the professional service or advice provided by the insured.

If you don't have this protection then you could be liable for any costs relating to a claim made against you. This could include legal costs and compensation.

Professional indemnity insurance can cover compensation payments and legal fees if a business is sued by their client for a mistake they've made in their work. ... Bear in mind, however, that professional indemnity insurance does not cover you for the cost of any reputational damage that the mistakes have caused.

A simple act, error or omission can lead to a claim against your business, therefore making it vital to protect yourself, your business, and reputation. Professional Indemnity Insurance is important as the legal costs associated with defending any claims can be significant.

The professional indemnity or liability insurance will not cover defamation, slander, libel, any breach of contract, the breach of warranty, intellectual property, any personal injury sustained, security, the cost of contract, etc.

5 important tips for claiming on your Professional Indemnity Insurance. Duty of Disclosure if in doubt notify the insurer! ... Include ALL Insured names. ... List and update ALL of your professional services. ... Ensure your PI policy covers Vicarious Liability. ... Continuity / Continuous Cover Clause.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232