Professional indemnity insurance is a standardized insurance protection available to most professionals like, doctors, lawyers, chartered accountants, etc. This policy offers protection to the insured persons against claims made by third parties on financial losses suffered by them due to any error or negligence of the insured person or their authorized representatives. With the rapid growth of services sector there are now various specialized professionals operating in the formal economy, viz., management professionals, corporate secretaries, etc., The list if fast growing. There are quite a few professionals like insolvency professionals, registered valuers, etc. who have evolved in response to changes in the regulatory landscape, viz., Companies Act 2013, Insolvency & Bankruptcy Code (IBC) 2016, etc. The roles and responsibilities of these professionals are majorly dictated by the relevant regulations, professional guidelines and standards. These aspects will impact ...