This policy indemnify the insured against any claim for breach of duty which may be made against them by reason of any negligent act, error or omission arising out of their operations (or those acting on behalf of the insured).
As a professional adviser, clients rely on your advice, service or product and if you make a mistake, it can have major ramifications. Not only does it damage your reputation but it can expose you to significant financial liability.
Professional indemnity would cover you for claims made against you for economic losses/damages flowing from the services that you provide to your clients.
Information required: limit of Liability.