Professional Indemnity Insurance
Protect Your Reputation. Safeguard Your Business.
As a professional, your expertise is your greatest asset. However, mistakes, omissions, or allegations of negligence can lead to costly legal claims that may damage your finances and reputation.
At Advanced Insurance Agency Limited, we provide comprehensive Professional Indemnity Insurance to protect professionals and firms against claims arising from errors or professional negligence.
What is Professional Indemnity Insurance?
Professional Indemnity Insurance (PI Insurance) covers legal liability arising from:
- Professional negligence
- Errors or omissions
- Misrepresentation
- Breach of professional duty
- Defamation (in some cases)
- Loss of client documents
It protects your business if a client suffers financial loss due to your professional advice or services.
Who Needs Professional Indemnity Insurance?
This cover is essential for:
- Lawyers & law firms
- Accountants & auditors
- Insurance brokers & agents
- Architects & engineers
- Doctors & medical practitioners
- Consultants & advisors
- IT professionals
- Real estate agents
- Financial advisors
In many professions in Kenya, Professional Indemnity Insurance is a regulatory requirement.
What Does the Policy Cover?
1. Legal Defense Costs
Covers legal representation and court costs.
2. Compensation & Settlements
Pays damages awarded by court or agreed settlements.
3. Investigation Costs
Covers expenses related to defending allegations.
4. Loss of Documents
Covers replacement or restoration of important client documents.
5. Defamation (Where Included)
Protection against libel or slander claims.
Why Professional Indemnity Insurance is Important
Without PI cover, you may face:
- High legal costs
- Compensation payments
- Reputational damage
- Regulatory penalties
- Business closure risks
Professional Indemnity ensures financial stability and business continuity.
How Premiums Are Determined
Premiums depend on:
- Type of profession
- Annual turnover
- Risk exposure
- Claims history
- Coverage limits required
- Regulatory requirements
We help you structure appropriate limits to meet industry standards.
Claims-Made Policy Explained
Professional Indemnity policies are typically claims-made, meaning:
- The policy must be active when the claim is made
- Even if the incident occurred in the past
Continuous coverage is important to avoid gaps in protection.
Why Choose Advanced Insurance Agency Limited?
✔ Tailored coverage for various professions
✔ Access to reputable insurers
✔ Competitive premiums
✔ Expert advisory on coverage limits
✔ Fast policy processing
✔ Professional claims handling support
We protect your professional reputation and financial stability.
Click To Call: 0722494303
Frequently Asked Questions (FAQs)
1. Is Professional Indemnity Insurance mandatory in Kenya?
For many regulated professions (e.g., lawyers, insurance brokers, medical practitioners), it is mandatory. Others strongly require it for risk protection.
2. Does the policy cover intentional wrongdoing?
No. Professional Indemnity does not cover fraudulent or intentional misconduct.
3. What is retroactive cover?
Retroactive cover protects you against claims arising from services provided before the policy start date, subject to insurer terms.
4. Does the policy cover employee mistakes?
Yes. It generally covers errors committed by employees acting within the scope of their employment.
5. How much cover do I need?
Coverage limits depend on your profession, turnover, contractual requirements, and risk exposure.
6. Are legal costs included in the limit?
Some policies include legal costs within the limit, while others provide them in addition. We help you choose the right structure.
7. Can startups get Professional Indemnity Insurance?
Yes. Startups and small firms can obtain tailored Professional Indemnity cover.
Get Covered Today
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