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Both insurance types overlap in some areas. The difference: Companies that can be held liable on account of their operational activity need commercial third-party liability insurance, while professional indemnity insurance is the right solution for those who can be held liable for breaches of professional duty or for pure economic loss caused by their professional activity.
Policyholder and premium payer is the employer as a legal entity. However, the de facto directors and officers themselves are covered. So, for example, the board of directors of a joint-stock company, members of the administration of a cooperative, the managing director of a limited liability company, members of the board of directors of associations, trustees, family members of the executive management and senior management (incl. interim management), founders of a limited liability company or joint-stock company, employees who are in a de facto director or officer role or liquidators in the event of a voluntary liquidation. You can find more information on directors' and officers' liability insurance here.