Professional Indemnity for Digital Professions

FAQs on Professional Indemnity Insurance for Digital Professions:
General

1.
What Type of Insurance Is Professional Indemnity for Digital Professions Classified as?
2.
What Is Meant by Coverage Amounts?
3.
What Does Annual Maximum Benefit and Lump-sum Coverage Mean?
4.
What Does Aggregation of the Coverage Amount Mean?
5.
What Is Meant by Personal Injury?
6.
What Is Property Damage?
7.
What Is Meant by Financial Loss?
8.
What Has Been the Highest Insured Damage to Date?
9.
What Are Sublimits in the Insurance Contract?
10.
What Is a Fixed Deductible?
11.
What Is the Difference Between Professional Indemnity, General Liability and Financial Loss Indemnity?
12.
What Is Meant by “Passive Legal Expenses Insurance” in Professional Indemnity Insurance?
13.
What Are the Main Tasks of Professional Indemnity Insurance for Digital Professions?
14.
Is a Long-term Contract, for Example with a Term of Over 3 Years, Advisable?