Anyone know the difference between malpractice insurance and professional indemnity. I work in care industry?

Question

Anyone know the difference between malpractice insurance and professional indemnity. I work in care industry?

Answer 1

The insurance cover is very very similar.  Much of the policy overlaps.  You will probably only need one or other - I suggest you talk to a specilist insurance broker.

What I would say is that the key is bodily injury.

Answer 2

I largely agree with Tim's answer, to all intents and purposes malpractice is a type of professional indemnity (PI).

It's treated separately from other types because (as you know better than anyone) it's a very specialised industry and the risks are very different those run by say accountants (no-one ever died because of a misfiled tax return !), but in essence it does the same thing it covers people against claims from a third party due to their professional negligence.