ABSTRACT
In an employer/employee relationship, it is usual for the employer to provide an indemnity to the employee and for the employee to be covered under any professional liability insurance held by the employer. Professional liability insurance is about protection of the public by making sure that, when things do go wrong, funds are available to meet compensation claims. It is also about protection for the professional, not only by providing funds to meet valid compensation claims but also in defending oneself against spurious or ill founded claims. To that degree, insurers and those looking to set and raise standards in the profession share a commonality of purpose. A profession that has sound standards for the training of its students and codes of ethics or ethical frameworks that are understood and followed by its members is more likely to persuade an insurer that the risks are low, and therefore so should be the premiums.
