What is Professional Indemnity Insurance?
Our policy indemnifies the insured against his legal liability, which may arise by reason of any negligent act, error, or omission occurring whilst carrying out his professional duties. If you are in the business of providing services and advice to your client, professional liability insurance is an important type of insurance for your organization. Despite your best efforts, well-trained employees, and strong based practices ethics, mistakes are bound to occur. This policy protects your business against compensation sought by your client if you make an error or found to be negligent.
- Professional negligence (i.e. making a mistake in a piece of work for a client)
- Loss of documents or data
- Unintentional breach of copyright and/or confidentiality
- Defamation and libel
Professional indemnity insurance covers a wide range of scenarios, including:
Step 1: Request for quotation
Step 2: Fill proposal form
Step 3: Premium payment
Step 4: Provide ID for individuals and RDB certificate for the company.
Step 5: Provide professional certificate/document
Step 6: Sign contract
Below is our step by step application process:
- Lawyers
- Architects
- Engineers
- Consultant
- IT professionals
- Accountants/auditors
- Medical professionals (general practitioners, nurses, dentists, physiotherapists) etc.
- Prior reported or known circumstances
- Fines and penalties
- Assumed and proportionate liability
- Refund of professional fees and trading debts
- Dishonest or willful acts
- Jurisdiction limit
- Liquidated damages
- Death, injury or illness of employees.
Below are some of the professionals we cover:
Exclusions on the cover: