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Professional Indemnity Insurance for Chartered Accountants

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Professional Indemnity
for Chartered Accountants

Get the right insurance coverage for your profession

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ICICI Lombard is one of the leading liability insurers in Indian market. We have re-insurance arrangement with leading A rated re-insurers (A.M. Best). Our expertise in handling liability claims is one of the best in the industry. Our panel of lawyers give an edge in the market.

An insurance policy that indemnifies you against your legal liability to pay compensation including defence costs, fees and expenses anywhere in India in accordance with indian laws.

The insurance covers the claims arising out of losses and/or damages due to any breach of professional duty by reason of any negligent act, error or omission committed or alleged while rendering your services as a chartered accountant and during the period of insurance.

This policy is specially build for both CA firms and individuals who provide professional services like chartered accountants, financial accountants, management consultants, lawyers, advocates. solicitors, counsels and want to secure their financial position and professional reputation.

Professional indemnity insurance is the safety net that protects you if your practice's risk management strategies fail. If client or third party faces a financial loss because of your professional advice, they may hold you legally responsible and make a claim for the economic loss. A Chartered Accountant can be found liable for breach of contract, negligence, or breach of statute

Professional indemnity insurance will assist with protecting you personally your employees and business against third party coins and allegations.

Get answers to common questions about Professional Indemnity for Chartered Accountants

Yes, this policy is designed for individuals and CA firms who provide professional services like chartered accountants, financial accountants, management consultants, lawyers, advocates, solicitors, counsels and want to secure their financial position and professional reputation.

It depends upon your need, type of business you own, services you provide and level of risk. After consulting with insurers you can establish your level of cover for this policy.

It depends upon the policy but mostly the tenure is 12 Months.

Yes, if you are an individual who is practicing services like chartered accountants, financial accountants, management consultants, lawyers, advocates, solicitors, counsels and want to secure their financial position and professional reputation.

Our Professional Indemnity for Medical Practitioner Policy protects you against:

  • PI insurance protects you and your business from claims if a client sues for negligent acts, inaccurate advice, errors or omissions committed during business activities that result in a financial loss.
  • It will cover all costs, fees and expenses (defence costs) incurred during the investigation.
  • Another major benefit is that your clients will be assured that in case you make an error, you will take steps to fix it and such a display of responsibility and accountability will increase their trust.

The policy will indemnify you against legal liability to pay compensation including defence costs, fees and expenses anywhere in India in accordance with Indian law. The insurance covers only the claims arising out of loss and/or damages due to any breach of Professional duty by reason of any negligent act, error or omission committed or alleged while rendering the professional services and during the period of insurance.

  • Any criminal act or any violation of any law
  • Fraud or dishonesty act
  • Bodily injury or property damage
  • Fines and penalties
  • War or terrorism risk

Policy documents: For Detailed list of inclusions and exclusions, Please read Policy wordings.

This policy can cover you for mistakes, including professional negligence, unintentional breaches of confidentiality or copyright and loss of documents or data.