An insurance cover that protects experts from bearing the cost of negligence arising from their service?
- fidelity guarantee insurance
- third party liability insurance
-
professional indemnity insurance
- product liability insurance
The correct answer is: C
Explanation
professional indemnity insurance is a form of liability insurance which helps protect professional advice- and service-providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit.