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Guidance
TPI Guidance Notes
Corporate Business Matters
Corporate Business Matters
F17: Professional Indemnity Insurance
Synopsis
This Guidance Note defines Professional Indemnity (PI) insurance.
Summarises the requirements for ARMA’s members.
Explains the terms used in ARMA’s requirements.
Gives advice on obtaining PI cover.
Stresses the importance of risk assessments.
Covering Topics
Overview
Definition
ARMA's Requirements for Members
Explanation of Terms Used
Advice on Seeking PI Insurance
Assessing Risks
Deciding Upon the Level of Cover
Handling Possible Claims
Records Keeping and PI Insurance
List of PI Insurance Brokers
Appendix
Resource
7 August 2020
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