PROFESSIONAL INDEMNITY 
Insurance

Protects against claims of professional errors, omissions and negligence

What is Professional Indemnity Insurance?

When you offer professional advice or services, even a small error, oversight, or allegation of negligence can lead to costly legal claims. Professional Indemnity (PI) Insurance – also known as Errors & Omissions Insurance – protects your business against the financial, reputational, and operational fallout of such claims.

Whether or not the claim is valid, the cost of defending yourself can be significant. PI insurance covers legal defence costs, settlements, and damages awarded to third parties – so you can focus on your work, not on litigation.

Why Do You Need It?

No matter how experienced or diligent you are, mistakes can happen. And in today’s increasingly regulated and litigious environment, a single claim could seriously impact your business and career.

You may be held liable for:

  • Negligent advice or errors in professional services

  • Unintentional breach of confidentiality

  • Failure to meet professional standards or statutory obligations

Even unfounded allegations can cost thousands in legal fees and cause reputational damage – especially if the matter becomes public.

While professionalism and diligence help prevent claims, PI insurance is your safety net when things go wrong.

Tailored Cover for Your Profession

At Garrun CFP, we understand that no two professionals face the same risks. With deep experience and access to leading insurers, we partner with trusted Insurers to tailor cover to meet the specific exposures of your profession
Don’t leave your career exposed – get peace of mind with expert cover.
Contact us today for a quote - specialists@garrun-group.co.za

Specific Professional Indemnity Schemes

SACNASP
Providing professional services comes with legal risks even without wrongdoing. Professional indemnity insurance covers legal defence and compensation costs, protecting your business and personal assets.
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