Professional Indemnity Insurance Singapore Law. Professional indemnity insurance is designed for individuals and companies that provide an advisory and professional service. Pi insurance covers professionals legal fees and compensation for any claim that.
It protects the company’s employees when dealing with clients and reduces the personal liabilities of professionals such as consultants. Unlike conventional annually renewable policies, it has particular advantages for project owners and for joint venture operators. (professional indemnity insurance) (amendment) rules 2022.