Professional indemnity insurance, is a type of insurance coverage designed to protect professionals and businesses against claims of negligence, errors, missions, or malpractice in the services they provide. It helps mitigate these risks by providing financial protection in case a client files a claim or lawsuit against the professional for alleged errors, mistakes, or failures in their professional duties.
The coverage typically includes legal defence costs, settlement or judgment amounts, and other related expenses, up to the limits specified in the insurance policy. The policy may cover claims related to professional negligence, breach of professional duty, misrepresentation, intellectual property infringement, defamation, and other professional liabilities, depending on the specific policy terms and conditions.
AICA Professional Indemnity insurance is tailored specifically to AICA members who practises in the medical science industry, taking into account the risks and potential liabilities associated with the industry. It helps the professionals and practitioners maintain their financial stability, reputation, and peace of mind by providing a safety net in case of unexpected claims or legal actions arising from their professional services.
AICA proudly stand as the sole provider of professional indemnity insurance in the beauty and medical science industry. By exclusively catering to the unique needs to the professionals and practitioners in the beauty and medical science industry, we offer comprehensive coverage to ensure your professional reputation and financial security are safeguarded with a peace of mind and smooth operation of a professional practice or business.