This insurance protects all professions such as engineers, lawyers, doctors, architects, insurance brokers, etc. against financial loss sustained by third parties as a consequence of professional errors or omissions or wrongful advice committed by or given by the insured.

This insurance covers all amounts for which the insured becomes legally liable, such as damages caused to the third party in respect of errors or negligence of the insured during the course of his professional performance and arising from claims that are initially filed in writing against the Insured during the period of validity of the policy and includes the expenses and legal costs incurred after obtaining the prior consent of the Insurer, but within the limits of compensation and other terms and conditions of the policy.