Insurance that protects professionals against liability for errors or mistakes in rendering or failing to render professional services. Professional Indemnity Policy for Architects, Interior Decorators, Chartered Accountants, Financial Consultants, Management Consultants, Lawyers, Advocates, Solicitors and Counsels, etc. : The Policy will indemnify the insured for legal liability for claims made against the insured for neglect, omission or error on the part of (i) the insured firm (ii) their predecessors in business (ii) any person employed by the insured firm or their predecessors in business in the conduct of the profession. The Policy may be extended to cover liability for loss of documents as also for employees dishonesty.