Published March 2025 (replaces Glossary of Useful Professional Indemnity Insurance Phrases (January 2014))

Definitions included for:

• Professional Indemnity Insurance

• Public Liability Insurance

• Policyholder

• Limit of Indemnity

• Excess

• Any One Claim/ Each and Every Claim

• Aggregate

• Reinstatement

• Claim

• Circumstance

• Claims Made

• Claims Occurring

• Retroactive Date

• Proposal Form

• Material Fact

• Fair Presentation of the Risk

• Non-Disclosure

• Statement of Fact

• Policy Schedule

• Policy

• Endorsement

• Exclusion

• Inception Date

• Expiry Date

• Territorial Limit

• Jurisdictional Limit

• Insurance Premium Tax

• Subrogation

• Indemnity to Principals Clause

• Named Insured Clause