PROFESSIONAL INDEMNITY

Overview

The policy covers professional persons or firms for liabilities to third parties arising from professional negligence or that of their employees.

Professional liability arises when a professional fails to perform a duty for the client, for example, a lawyer can fail to file a suit in court on time, or fail to register an opinion to purchase a firm. An architect on the other hand can make a mistake in supervising a building and be liable to the principal in the event of the building collapsing.

Features & Benefits

  1. The Professional Indemnity Policy covers court judgments awards, defense costs, loss of documents, fees and expenses.
  2. This policy protects professionals from legal liability for any acts of negligence they may commit in the course of their duty.
  3. The policy will provide for the costs of defending any action brought against the insured in their professional capacity.
  4. Under this policy, the insured will be covered against the following:
    1. Court judgments awards
    2. Defence costs
    3. Fees and expenses
    4. Loss of documents