Professional Indemnity Insurance provides protection for businesses and professional persons in respect of legal liability arising from the conduct of their practice or business.
Specifically coverage is provided for:
Settlements by or judgements against the business and/or professional person arising out negligent advice or services.
Legal costs and expenses associated with the defence of legal action.
Extensions to the basic coverage provided may be provided for:
Defamation
Liability arising from a previous business or occupation
Loss of Documents
Breach of Confidentiality
Automatic Reinstatement of Policy Limits
Liability or loss through dishonesty by employees
Who is Protected
Coverage is provided to The Insured as declared in respect of:
Its own negligence
The negligence of its predecessors in the business
The negligence of its employees
The negligence of any person, partnership, company or firm acting on its behalf
