An insurance cover that protects experts from bearing the cost of negligence arising from their service?
-
A.
fidelity guarantee insurance -
B.
third party liability insurance -
C.
professional indemnity insurance -
D.
product liability insurance
Correct Answer: Option C
Explanation
professional indemnity insurance is a form of liability insurance which helps protect professional advice- and service-providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit.