Under these circumstances, the practicing professional needs to keep himself abreast of all the latest developments in his field and make the best use of the technological developments especially in the field of information technology. This alone would ensure that he is able to render the best possible services to his clientele.

Aggrieved clients
In spite of his best efforts, the professional is still faced with the distinct possibility of meeting an aggrieved client. He may easily find himself as the protagonist in a litigation for breach of duty to the public or for negligence in the execution of his professional duties to his client.

The failure may be real or imagined. Whatever be the case, he would still need to defend himself. Any finding of error or negligence in the practice of his profession can have disastrous consequences. Even otherwise the cost of defending himself in such litigations can be extremely high.

Have we not heard the complaints about deaths attributed to doctors' negligence or collapse of buildings attributed to engineers' negligence ? The auditor's failure to audit the records of public companies leading to the loss of millions to the investing public? In all these cases the professional stands highly exposed.

A weak defense can lead to loss of professional reputation and nobody would want that. It is also likely that the professional may still be found negligent to a certain extent and ordered to pay compensation.

PI Insurance It is exactly to meet such contingencies that a professional indemnity insurance becomes necessary to the today's professional be it an accountant, architect, auditor, doctor, engineer or solicitor. And the professional indemnity insurance provided by Alliance Insurance with the support of the world's leading reinsurers are very much the top of the line.