Which of the Following Is True About Professional Indemnity Insurance

Multiple Choice

Which of the following is true about professional indemnity insurance?

A) It provides liability coverage in the event that a professional is sued for failing to live up to his or her professional responsibilities.
B) It does not cover malpractice claims, only negligence claims.
C) Doctors and lawyers are eligible to purchase this insurance, but not other professionals.
D) Professionals purchase malpractice insurance, not professional indemnity insurance.
E) Only accountants who are certified public accountants may purchase professional indemnity insurance.