Suing Financial Advisor Grounds

Summary

In India, to sue a financial advisor, you need valid grounds such as breach of contract, negligence, or fraud. Simply losing money isnt enough; you must prove the advisors actions directly caused your loss. Professional indemnity insurance may cover damages if negligence is proven, but coverage depends on the policy terms.

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why do I need grounds , isn't losing money enough grounds?
Losing money isn't necessarily enough to sue your financial advisor. You need to prove they acted negligently, breached a contract or fiduciary duty, or committed fraud. It’s about showing their action or inaction directly caused your loss.
Could you share more details about what led to your financial loss?
does professional indemnity insurance pay the damages to client that I caused them if I am declared negligent by the court ?
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Professional indemnity insurance generally covers damages awarded to a client if you are declared negligent by a court. However, the specifics can vary based on the policy terms.
Does your policy specify any exclusions or limits?