PLI insurance, also known as Professional Liability or Professional Indemnity Insurance, plays a critical role in protecting professionals and service-based businesses from financial and legal risks arising from errors, omissions, or negligence in their work. In today’s highly competitive and legally aware environment, even a minor mistake or client misunderstanding can lead to costly claims that affect both reputation and revenue.

This type of insurance covers legal defense costs, settlements, and compensation related to professional service claims, ensuring that businesses can continue operating without major financial disruption. PLI insurance is especially important for consultants, IT professionals, architects, engineers, financial advisors, and creative agencies who rely on expertise and advice as their primary service offering.