What Does Protective Professional Indemnity Insurance Mean?

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What does Protective Professional Indemnity Insurance mean? Read on to discover the definition & meaning of the term Protective Professional Indemnity Insurance - to help you better understand the language used in insurance policies.

Protective Professional Indemnity Insurance

Protective Professional Indemnity Insurance

Provides supplemental coverage for professional errors and omissions (E&O) claims by the insured against its own design professionals. The policy sits atop all of the insured's design professionals' practice policies as a form of excess coverage in the event the design professional's policy limit has been exhausted or is not sufficient to pay the claim. The insured (e.g., project owner or design-build contractor) must prove a legal claim for professional negligence against the design professional to collect under the policy.

We hope the you have a better understanding of the meaning of Protective Professional Indemnity Insurance.

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