professional
indemnity

What is it?
What is it?
Professional Indemnity Insurance (PI insurance), also known as Errors and Omissions (E&O) insurance in some regions, is a type of liability insurance designed to protect professionals and businesses that provide specialized services or advice. It provides coverage against claims made by clients or third parties who suffer financial losses as a result of errors, omissions, negligence, or professional misconduct in the services provided.
Why do you need
Professional Indemnity?
Legal and Financial Protection
01
Client Contract Requirements
‍
02
Emerging Risks
and Evolving Industries
03
Risk Mitigation
‍
‍
04

Who would benefit?

Professional Indemnity Insurance (PI insurance) can benefit a wide range of professionals and businesses that provide specialized services or advice.

  • Professional Service Providers
  • Small Businesses and Startups
  • Contractors and Freelancers
  • Technology and IT Professionals
  • Professional Associations and Regulatory Bodies
What is Covered?
  • Professional Negligence
  • Legal Defense Costs
  • Damages and Settlements
  • Breach of Professional Duty
  • Defense against Defamation
  • Intellectual Property Infringement
  • Loss of Documents or Data
  • Run-off Coverage
Who is covered?
Professional Indemnity Insurance (PI insurance) typically covers professionals and businesses that provide specialized services or advice. The specific individuals or entities covered under a PI insurance policy can vary depending on the policy terms and conditions. Here are the typical entities that may be covered: Individuals, Partnerships, Limited Liability Companies (LLCs), Professional Corporations (PCs) and Employees and Subcontractors.
What is Excluded?
(examples of exclusions – not meant to be exhaustive)
  • Known Circumstances
  • Intentional Misconduct
  • Bodily Injury and Property Damage
  • Criminal Acts
  • Contractual Liabilities
  • Fines and Penalties
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Relm Insurance Ltd.
31 Victoria Street,
Victoria Place,  
5th Floor West
Hamilton | HM 10 | Bermuda
(441) 707-0252
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© Relm Insurance Ltd. All rights reserved. Authorized and regulated by the Bermuda Monetary Authority and registered under the Segregated Accounts Companies Act 2000. Relm Insurance is not authorized or licensed outside of Bermuda and deals only through appropriately licensed insurance brokers. To ensure compliance regarding our insurance support of companies domiciled in jurisdictions outside of Bermuda, any request for coverage must go through the appropriate broking channels. The publication and delivery of the information contained within our website is not intended as a direct solicitation for the purchase of insurance coverage.