Professional Indemnity Insurance
Related: General Insurance
Covers professionals for claims made against them for financial losses from the advice and services that they provide to their clients. It also provides financial support to meet the costs of defending legal actions and any damages that may become payable. It covers breach of duty which is the core exposure, negligent act, error, omission, misstatement, misleading statement, breach of warranty of authority committed in good faith, or breach of confidentiality which occurs in the performance of or failure to perform professional services.
What are the information/documents needed for Professional Indemnity Insurance?
- Assured’s Name
- Broker of Record (BOR) – form will be provided by Trinity