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  • Insurance
    • All Risk Insurance
    • Motor Vehicle Insurance
    • Business Insurance
    • Professional Indemnity
    • Education Policy
    • Marine and Goods in Transit
    • Pension and Retirement Plans
    • WIBA
  • SHEconomy
  • Tenders
  • More
    • Latest News
    • Project Management
  • Bid Bonds
    • Performance Bonds
    • Advance Payment Guarantees
  • LPO Financing

      Contract Financing

      Contract financing is an excellent way for your business to access funding against a contract which you have already won.

      Learn More

      LPO Financing

      Our LPO financing solution gives you access to cash flow to access the inventory to complete customer orders.

      Learn More

      Invoice / Certificate Discounting

      Free up funds from your unpaid customer invoices, helping you overcome the cash flow delay between invoicing and receiving payments.

      Learn More

  • Insurance
    • All Risk Insurance
    • Motor Vehicle Insurance
    • Business Insurance
    • Professional Indemnity
    • Education Policy
    • Marine and Goods in Transit
    • Pension and Retirement Plans
    • WIBA
  • SHEconomy
  • Tenders
  • More
    • Latest News
    • Project Management
Insurance

Professional Indemnity Insurance in Kenya

By Emmanuel Ngala 

Professional indemnity insurance, also known as professional liability insurance, is designed to protect professionals against certain claims arising from errors, omissions, negligence, or failure to provide professional services as expected. Professional service providers make decisions and provide advice that clients rely on. Even with careful professional standards, mistakes, omissions, misunderstandings, or allegations of negligence can result in costly claims. Professional indemnity insurance can provide financial protection against certain claims arising from professional services, subject to the policy terms and conditions. The cover may help with eligible legal costs, compensation, and other covered expenses arising from an insured claim.

Who Needs Professional Indemnity Insurance

Professional indemnity cover may be relevant to:

  • Consultants
  • Accountants
  • Architects
  • Engineers
  • Surveyors
  • Lawyers
  • IT consultants
  • Management consultants
  • Designers
  • Financial professionals
  • Other professional service providers

Why Professional Indemnity Cover Matters

  • Protection Against Professional Claims: Clients may bring claims when they believe professional services have caused them financial loss
  • Financial Risk Management: Legal defence and compensation costs can place significant pressure on a professional practice
  • Protection for Your Practice: Appropriate insurance can help professionals manage covered claims while continuing to focus on their work
  • Enhanced Client Confidence: Professional indemnity cover can demonstrate a commitment to responsible risk management
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