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E,i,iii,1,1iatai Report of the Committee for Standardization of Professional Indemnity Insurance Policy Insurance Intermediaries1Cover page credits: Mr. Sagar Bangal, Assistant Manager, Nonlife Department,
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What is of professional indemnity?
Professional indemnity is a type of insurance that protects professionals against claims made by clients for negligence or breach of duty in the course of their professional services.
Who is required to file of professional indemnity?
Professionals such as doctors, lawyers, accountants, architects, and consultants are typically required to have professional indemnity insurance to safeguard against potential claims.
How to fill out of professional indemnity?
To fill out a professional indemnity application, one must provide personal and business details, descriptions of professional services offered, and history of any past claims or complaints.
What is the purpose of of professional indemnity?
The purpose of professional indemnity is to provide financial protection to professionals against claims of negligence or inadequate work, thus helping to cover legal costs and compensation.
What information must be reported on of professional indemnity?
The information that must be reported typically includes the professional's qualifications, a summary of the services provided, details of any previous claims, and information about the coverage sought.
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