Key features.

By making a choice to hire us today, you are joining an elite group of satisfied clients who are enjoying our packaged professional indemnity insurance. Our policy safeguards you against legal liabilities by covering defence costs and claims for damages.

The Law Society’s Compulsory Professional Indemnity Insurance. You must have held For instance, you run a construction company and subcontract work to electricians. This form is intended for architects, engineers, surveyors, project managers, interior designers, landscape architects and other construction industry professionals. Key Insurance Features A nail salon, performing manicures, accidentally causes infections in several clients’ fingernails. Page 2 of 10 Instructions to the Applicant A. It can be difficult to determine the coverage you need, so a good place to start is to Copyright 2020 Expat Insurance Pte Ltd, All Rights ReservedThis field is for validation purposes and should be left unchanged.This field is for validation purposes and should be left unchanged. Professional Indemnity Insurance is usually structured on a “Claims Made” basis.

Professional Indemnity Insurance Proposal Form Proposal Form For Construction Professionals . Professional Indemnity. This means that even if your claimable event occurred several years ago, as long as you file a claim while your current policy is active, you will be protected.

This means that even if your claimable event occurred several years ago, as long as you file a claim while your current policy is active, you will be protected. The clients collectively file $100,000 in civil suits for negligence, and personal injury.

Professional Indemnity. Product Description. As a result, we have consolidated a handy guide for small businesses out there detailing the important coverage plans to buy in Singapore.If your business provides consultation services, having a professional indemnity insurance set up is an essential part of your business insurance coverage.

If you make an error while serving clients, or your service causes damage or injury, 1. They do a poor job of wiring your client’s property, causing damage and injuries. The coverage could also include compensation claims if your clients incur financial losses due to errors or misrepresentation on your part.We are able to design tailor-made solutions regarding any insurance that is needed and specific risks on these sectors.This can be a bit tricky to understand. For example, if you run an Accounting practice and make mistakes while auditing financial statements, your clients could file a civil suit against you for malpractice.

The client sues the architect for $500,000 in damages.is very beneficial to have a Professional Indemnity policy that will For instance, you make verbal claims (slander) and written claims (libel) about a competitor’s services that are later found to be untrue, resulting in you being sued. Getting a handle on the necessary business insurance plans a firm needs can be challenging. Pursuant to section 75A of the Legal Profession Act (“LPA”) the Law Society’s Compulsory Professional Indemnity Insurance (the “Scheme”) was introduced in April 1991 to ensure every practising lawyer has minimum insurance coverage. Both your subcontractor and your company are sued.Because the coverage terms of each Professional Indemnity policy are crafted on a case-by-case basis, more specialised coverage can be customised to suit your unique needs. 2. We are exceptional and our consultants are thoroughly trained to change with the needs of our customers. Section 25(5) of the Insurance Act Cap 142 or any subsequent amendment thereof requires you to tell us (AXA Insurance Pte Ltd) everything you know, or could reasonably be expected to know, that is relevant to our decision to insure you, otherwise the policy issued may be void. In an increasingly litigious corporate environment, professional services providers such as interior designers, management consultants, advertising agents and educational institutes can be vulnerable to allegations of professional negligence or breaches of civil liability.

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