The policy indemnifies the insured unto the limit opted for which the insured may become legally liable to pay for the breach of duty in his profession by reason of any negligent act, error or omission committed or alleged to have been committed during the insured period.
Sum Insured
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The insured opts for a limit of liability.
Premium
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The premium is based on the nature of profession; the limit opted for, the income and so on.
