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1 professional indemnity insurance public ruling no. Professional indemnity insurance cover is designed for a target group that includes architects, doctors, engineers, chartered accountants, lawyers, medical practitioners to protect their business from legal claims. Professional indemnity & malpractice insurance. Professional indemnity insurance protects professionals in given industries from bearing the full cost of defending against claims and charges brought against them by clients and the cost of damages awarded against them in civil lawsuits. Professional indemnity insurance is a fundamental insurance for businesses that covers the costs and compensation to your client if you've made a mistake in your work, now or in the past, that ends up losing them money.

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