Professional liability, or professional indemnity, insurance is widely purchased by individuals and corporate entities that provide professional services to third parties. Any entity providing a service (as opposed to making a physical product) should consider professional liability insurance; however, the most commonly acknowledged professions include:
Accountants
Actuaries
Architects & Engineers
Consultants
Insurance Brokers
Lawyers
Surveyors, Real Estate Agents and Property Managers
Other types of entity that buy professional liability insurance include business process outsourcing companies, professional associations, security and law enforcement agencies and educators.