PI cover is an abbreviation for 'Professional Indemnity Cover'. Professional indemnity covers a range of professions, ranging from accounting and legal to medical. With all the pressures faced by professional people today making a mistake is easy. Considering how easily people file lawsuits these days, it is imperative that professionals who offer a service to the general public take out PI cover. As with any other kind of indemnity insurance, it is extremely important to read all the terms and conditions of the cover carefully. Some policies will only pay out claims under strict conditions. Although these policies may be cheaper than others, the cover offered is narrow and will not be suitable for everyone. If you are a professional employed by a firm, your employer will probably already have a PI policy that covers their staff, but it is always a good idea to check if this is the case.