This document provides an overview of professional indemnity (PI) insurance. It discusses the training program for PI which covers an introduction to PI, the product details, underwriting requirements, and PI claims. It also distinguishes PI insurance from directors' and officers' (D&O) insurance, noting that PI covers claims of negligent advice or services provided to third parties, while D&O covers claims against company directors and officers.
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Professional Indemnity Insurance
This document provides an overview of professional indemnity (PI) insurance. It discusses the training program for PI which covers an introduction to PI, the product details, underwriting requirements, and PI claims. It also distinguishes PI insurance from directors' and officers' (D&O) insurance, noting that PI covers claims of negligent advice or services provided to third parties, while D&O covers claims against company directors and officers.
Download as PPT, PDF, TXT or read online on Scribd
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PROFESSIONAL INDEMNITY INSURANCE
1 THE TRAINING PROGRAM > Introduction to PI
> Our Product
> Underwriting Requirement
> PI Claims
> Conclusion.
2 D&O VS PI
D&O covers claims brought against Directors &
Officers for negligently running their business. PI covers claims brought against the company or employees for giving negligent advice, design or specification to third parties.