Professional indemnity insurance covers specified claims arising from errors, omissions, or failures in professional services. It can protect eligible legal liability and defence expenses, subject to the contract. Many products use a claims-made policy structure, making notification timing and retroactive date particularly important.
A Nepalese consultant should accurately describe services, clients, and work performed abroad. Check whether a new policy protects past work and whether cover continues after practice ends. Ordinary public liability insurance usually addresses different exposures, so it should not be assumed to cover losses caused by incorrect professional advice.