Saturday, February 23, 2008

Legal Professional Indemnity Insurance

Professional indemnity insurance or pi insurance cover is a kind of insurance protection especially meant for professional specialists such as physicians, architects, engineers, lawyers, accountants and others. In this modern world, the need of indemnity insurance has increased a lot and in some countries, it is mandatory to seek enough protection before starting practicing as professionals.

Legal Professional Indemnity Insurance
Under many laws, it is the responsibility of legal firms to seek adequate insurance against any unforeseen situations until and unless they are exempted from doing so by the Legal Services Board. As an owner of a legal firm, you can approach the Legal Practitioners Liability Committee for getting adequate profession insurance. In fact, in some countries, it is a matter of suspension or cancellation of the practicing rights of a firm.

Legal practitioners can obtain insurance coverage according to their needs and requirements.

1 comment:

Tee Chess said...

I have read a lot about this insurance policy type which offers protection for professionals. Its a nice option that is made mandatory in some countries. I highly recommend this policy.
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