Professional Indemnity
Professional Indemnity policy is meant for professionals to cover liability falling on them as a result of errors and omissions committed by them whilst rendering professional service.
Professionals such as Doctors and medical practitioners, Medical Establishments, , Engineers, Architects, Lawyers, Advocates, Solicitors, Chartered Accountant, Auditors, Management Consultant, communication and technology companies, working as fee charging advisor and whether a company employs hundreds of consultant etc, are increasingly at risk for negligence and error and omission. Professional Liability insurance, also known as Errors and Omissions insurance should be taken by such professionals.
Professional Liability insurance protects the professional insured from legal liability to pay damages to third party in respect of any errors and/or omission on his part whilst rendering professional service.
Legal cost and expenses incurred in defence of the case, with the prior consent of the insurance company, are also payable, subject to the overall limit of indemnity selected.
Kindly note, only civil liability claims are covered. Any liability arising out of any criminal act or act committed in violation of any law or ordinance is not covered. Civil Liability claims will arise if there is prima facie evidence of negligence by the insured resulting in injury or death to any third party or resulting in damage to property belonging to a person other than insured.
Whether a claim is tenable or not, legal defence cost can bankrupt the professional and/or organisation. Professional Liability insurance protects your company and your future by responding to professional liability claims.
Dossa team will interact with you and gather the information relevant to design the policy coverages suitable to your profession and organisation. Our long terms relationship with insurers allow us to negotiate comprehensive coverage at the best possible price.