Why is an imdemnity insurance needed?

Indemnity insurance is essential because it protects individuals and businesses from financial losses arising from legal liabilities, claims, or damages. It covers costs associated with legal defense, settlements, or judgments, ensuring that the insured can manage unexpected risks without crippling financial consequences. This type of insurance is particularly important for professionals, such as doctors or consultants, who may face claims related to their advice or services. Overall, it provides peace of mind and financial security in an unpredictable environment.