Nigeria: Role of Professional Indemnity in Insurance Value Chain

14 May 2014

Many professionals and firms rendering services to clients, particularly operators in the healthcare sector, are carrying huge liabilities as a result of claims associated with negligence and wrong advice given to clients. Nnamdi Duru writes that professional indemnity insurance could help mitigate their burden

Professional Indemnity Professional Indemnity (PI) insurance, commonly known as Errors & Omissions (E&O) in the United States, is an insurance policy that protects professionals who sell their knowledge and skills from damaging claims from clients who may not be pleased or satisfied with the services provided.

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