Professional indemnity insurance is slowly catching the nerves of people in providing safety and security to various professionals around the world. It includes traditional professionals to today’s modern professionals like architects, engineers, insurance brokers, IFA's, solicitors, surveyors, accountants, computer consultants, business consultants, estate agents, solicitors, translators, pr consultants, environmental consultants, Internet Service Providers (ISP), website designers, programmers and Directors and Officers Insurance Quotes and several others.
Without having adequate risk coverage, it is almost impossible to run away from various professional risks while practicing in the real world. Nowadays, risks are so high that companies are taking almost everything to eliminate the associated risks. Not only company but directors and officers are insured of any professional errors and omissions to get rid of any third party claim. Especially vulnerable are the new internet companies, many of which only recently been formed particularly if there is venture capital funding or shareholders to consider.
So, professional indemnity is considered as an important tool to practice as a professional.