Protective professional indemnity insurance

{
  "id": "MLC-T-INS-002742",
  "term": "Protective professional indemnity insurance",
  "field": "Insurance and risk management",
  "definition": "A specialized form of professional indemnity insurance designed to protect a main contractor or project owner from claims arising from the negligence of their appointed professionals, such as architects or engineers. This policy acts as a secondary layer of protection if the primary professional indemnity insurance of the sub-consultant is insufficient or invalid. It provides coverage for financial losses due to professional errors or omissions.",
  "url": "https://mlchart.com/terminology/insurance/protective-professional-indemnity-insurance/"
}