• support836701

Professional Indemnity Insurance: What Are The Advantages?

The price of professional indemnity insurance is intended to protect employees from professional risks.


The employee has the legal right to be protected from occupational hazards. Professional indemnity insurance is, therefore, a guarantee that helps protect him from the unpredictable consequences of his business.


Professional malpractice insurance is based on the risks borne by the employee. The greater the level of risk borne by the employee, the greater the remuneration. Professional indemnity insurance covers financial losses due to an accident at work or professional misconduct. It can also help a rape or kidnapping employee. Professional indemnity insurance is mandatory for all employers hiring a natural person.


What is professional liability?

The concept of professional responsibility and liability is essential in modern society. This principle requires that every agent in charge of making decisions, be it an employee, a manager, or a brokerage collaborator is aware of their responsibilities. Professional responsibility imposes a moral obligation on those involved to behave in an honest, prudent, and ethical manner. It also implies the legal obligation to abide by the confidentiality rules defined by the Labor Code.


Professional indemnity insurance: what are the advantages?

Professional indemnity insurance is insurance for employers. They cover damage to property and people caused by accidents at work. These damages can be caused by the actions or omissions of the employee but also by the fault of the employer. The benefits of professional liability insurance for employers are manifold.


  • First, professional liability insurance avoids a possible breach of the employment contract.

  • Second, they offer financial protection to the employee if a third party bears the company's expenses.

  • Finally, they allow you to deal with an employee's condemnable fault without having to file a civil lawsuit.

It can be concluded that professional liability insurance is an important tool for preventing the financial inconveniences of an accident and is often an effective solution to legal costs. Insurance also provides protection against layoffs and loss of earnings and can help restore a company's image and credit.