Updated for 2026: professional liability may be insured voluntarily if the compulsory nature of a specific type has not been established by a special law. Cover, limits, deductible, retroactive date, exclusions and territory of cover are determined by the contract. Before buying, you must check the insurer's licence and that the program matches the nature of the professional activity.
Professional Liability Insurance
Professional liability insurance is insurance of a specialist's liability in the event that, as a result of their professional activity, they cause property or other harm to third parties. Professional liability insurance is a voluntary type of insurance, which means that all the terms can be agreed with the Insurance Company by agreement of the parties, but of course relying on the Insurance Rules. Liability insurance is a necessary type of insurance for companies that work with the public and a wide range of consumers, because this increases the likelihood of an insured event that may cause harm to the consumer. As for the popularity of professional liability insurance, it can be said that this type of insurance is gaining popularity as the number of consumers of specific services grows among specialists, mainly medical workers, lawyers, auditors and other specialists with a high level of personal professionalism, who, like all people, are nevertheless prone to mistakes and shortcomings in their work.
Professional liability insurance consists in the insurance protection of persons in a certain range of professions (private practice doctors, notaries, appraisers, auditors, etc.) against claims and lawsuits from clients and third parties.
Property claims and lawsuits brought against individuals or legal entities may be related to negligence, carelessness, errors and omissions in professional activity or services. When an insurance contract is concluded, the Insurer deals with the satisfaction of property claims.
The subject of the Contract is professional liability insurance, which provides for insurance payments in the amount of partial or full compensation of damage caused to third parties due to erroneous actions (inaction) or omissions in the course or as a result of professional activity carried out by the Policyholder (the Insured) on the basis of a special permit (licence, patent, etc.) or requiring specialized knowledge, experience or qualifications.
Professional liability insurance for the provision of professional services (work) is guaranteed in the relationships of persons of certain specialties: architects, medical staff, advocates, lawyers, private enforcement agents, security guards, insurance and stock brokers, customs agents, etc.
The property interests of the Policyholder (the Insured) related to their liability for causing harm to the life, health or property of third parties as a result of performing work, providing services, etc. are not considered the subject of insurance if this activity is in no way related to the Policyholder's main work or does not directly arise from it.
SUBJECT OF INSURANCE
The subject of insurance in this case is the property interests of the policyholder related to their liability under obligations arising in the event of harm to the life, health and/or property of third parties in the course of professional activity.
The need for insurance of professional activity. In the course of providing services involving the use of professional knowledge and experience, a company or an individual bears the risk of causing damage to third parties. For example, incorrect accounting of expenses in a company may lead to an increase in the taxable base; an erroneous understatement or overstatement of the value of some property in its valuation due to an error (or omission) of the appraiser may lead to losses for the owner of that property.
Professional liability insurance contract
The professional liability insurance contract and the procedure for concluding it do not differ from other types of insurance: first an application form is completed, then the underwriting calculation is made, then the terms and rates are agreed, the contract is signed and payment is made.
Insurance payment under a professional liability insurance contract

It is made if the Policyholder incurs civil liability to compensate harm to the life, health and (or) damage to the property of third parties caused in the course of professional activity provided for by the Charter (Regulations, licence).

Types of activity whose practitioners take out professional liability insurance:

- audit activity;
- activity of private notaries;
- activity of a carrier;
- activity of security agencies;
- appraisal activity;
- medical practice;
- and other types of activity.
The price of a professional liability insurance contract
The price, rate and cost of a professional liability insurance contract depend primarily on the following factors:
  • how long the person has worked in this type of activity
  • loss record and the presence of insured events
  • the nature of the activity
  • the professionalism of the specialists
Risks of professional activity insurance:
Causing harm to the health, life or property of third parties as a result of errors or omissions made by the person whose liability was insured.
Depending on the profession, the causes of harm may be:
  • professional negligence in performing any work or providing services;
  • unintentional errors in drawing up documents, making calculations, choosing the regulatory framework, etc.
For more detailed information, please contact Polis Re.