WAEC - Insurance (2016 - No. 27)
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
Paliwanag
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.