Professional Indemnity Insurance
nounpro·fes·sion·al in·dem·ni·ty in·sur·ancepronounced prə-FESH-ən-əl in-DEM-nə-tee in-SHOOR-əns
Last reviewed 16 April 2026
What does the noun Professional Indemnity Insurance mean?
Insurance that protects a professional and their client if their work contains errors or omissions that cause financial loss. For building inspectors, it covers situations where a significant defect was missed during the inspection.
How the noun Professional Indemnity Insurance is used
Always check that your building inspector carries professional indemnity insurance — if they miss a major defect, you want to know there is cover for the financial loss.
Synonyms
PI insurance
Related words
Cite this entry
MLA citation: "Professional Indemnity Insurance." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/professional-indemnity-insurance. Accessed 29 May 2026.
Chicago citation: How to Property. "Professional Indemnity Insurance." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/professional-indemnity-insurance.
APA citation: How to Property. (2026, April 16). Professional Indemnity Insurance. https://howtoproperty.com.au/definitions/professional-indemnity-insurance