Contracts
Professional indemnity insurance
Insurance that pays out if a client claims your advice or work caused them a loss. Clients often require it of contractors and consultants. Often shortened to PI insurance.
A plain-English explanation of how this usually works, not legal advice. Rules differ between countries and change over time, so check your own situation. Disclaimer.
You'll hear it as
The client wants £1 million of professional indemnity cover.
Related terms.
Videos.
No video mentions Professional indemnity insurance by name yet. These are on the same topic, Business & startups.