Many professions in Kenya are now required by law or by their regulatory bodies to have professional indemnity insurance as a prerequisite for practicing their professions.
Practicing a profession without professional indemnity insurance is considered professional misconduct and will lead to disciplinary action.
Financially Protects you against claims made by clients as a result of the damage caused by errors, omissions or negligent advice or service.
Having professional indemnity insurance is often seen as evidence of professionalism and Clients may request proof of one before they sign a tender or contract.
It gives peace of mind in the event of an employee’s negligence.
Covers the cost of replacing or restoring valuable lost or damaged documents or electronic data for digital professionals
Professionals, journalists, writers and public figures are more at risk now from defamation claims resulting from statements made in the print and electronic media, blogs and social media posts.
Professional Indemnity Insurance has been designed for many professions including but not limited to:
Medical Practitioners
Lawyers
Architects
Accountants and auditors
Engineers
Quantity Surveyors/Land Surveyors
Valuers/Property Consultants
Interior & exterior designers