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  • 01 | December | 2011 | Insurance Ace

    Archive for December 1, 2011

    Difference between Public Liability Insurance and Professional Indemnity Insurance

    Public Liability Insurance

    Public liability insurance is different when compared to professional indemnity insurance. Public liability insurance will cover the business owners from financial issues that arise as a result of public liability. Professional indemnity insurance on the other hand covers the problems that arise as a result of professional malpractice and negligence of the professionals in your company.
    There are some professions that are at high risk like doctors and lawyer; they deal with third parties and their lives. Public liability insurance is a must for any business, it will take care of the expenditures of any damages caused to their or a third person’s property. Each profession has different types of insurances. Professional indemnity insurance is for professional who have problems with malpractice. Both public liability insurance and professional indemnity insurance are useful and important for businesses today. Professional indemnity insurance will cover a lot more than what public liability insurance can cover.