Professional Indemnity

This insurance provides compensation to the insured for liabilities incurred as a result of errors and omissions in carrying out their professional duties. It provides indemnity for claims from clients who have, as a result of such errors and omissions, suffered financial losses.

Professional indemnity insurance is designed to cover not just your business, but also for employees or a related entity acting within the scope of their professional duties. This type of liability insurance provides cover for the financial consequences of neglect, error or omission by the professional or firm taking out the policy. If a third party makes a claim against any wrong-doing, mistake or breach of professional duty on your part, then this type of insurance will protect the assets and reputation of your business.

Provides cover against legal liability to persons in various professions that arises out of their duty of skill and care to their clients. Should their clients suffer financial loss as a result of negligence or unprofessional conduct, they may well find themselves liable to reimburse this loss. Professional who can be covered include:

• Auditors/Accountants/Tax Advisors/Actuaries
• Advocates/Notaries
• Civil and Structural Engineers
• Quantity Surveyors/Land Surveyors
• Valuers/Property Consultants
• Architects
• Doctors/physicians