Professional Indemnity insurance (commonly known as PI insurance) is intended for professionals who provide advice or services to their clients, and it may be required by law in some instances. It can cover claims brought against your company by clients or other third parties alleging that your company has caused them loss by performing your professional services.

Legal fees, settlements, and court decisions or judgements associated with claims against your company can be covered by PI insurance, as long as they are covered under the policy.