Professional Indemnity(专业弥偿) Insurans Indemniti Profesional

 

Incident Report Form - Professional Indemnity

 

Introduction

A person or an organization who specializes in particular skills and professes to exercise those skills in the affairs of others is bound to exercise the care and skill of ordinary competent practitioners in that profession. Failure to do so may result in liability claim or lawsuit alleging breach of professional duty. Professional Indemnity policy (PI) provides indemnity against such potential professional liability exposure. Our Principal Insurer offers PI to a wide range of professions such as lawyers, accountants, architects, engineers, surveyors, general medical practitioners, opticians, estate agents and etc.

As liability is intangible in nature, a professional proposer would have to choose the limit of indemnity (sum insured) as he deems appropriate and necessary.
 

Our Principal Insurers offer

Features & Benefits


Others

  • Designers 
  • Spa operators 
  • Travel agents 
  • Lawyers 
  • Miscellaneous professions
The Elite Professional Indemnity Insurance Policy provides comprehensive protection for professionals against a wide range of civil liabilities they face in the conduct of their business.

Coverage salient features (inbuilt) are listed below for your ease of comparison to the general market negligence based wording:


COVERAGE FEATURES


· Broad Insuring clause covers any Claim for civil liability in the conduct of the Business
· Cover is on "pay on behalf" rather than indemnity 
· Covers vicariously liability for consultants, contractors, subcontractors & agents 
· Covers defamation 
· Covers intellectual property infringement 
· Covers liability arising from participation in joint ventures 
· Covers loss of documents 
· Automatically covers newly acquired or created subsidiaries for 30 days 
· Covers run-off for Insured firms that have been merged, acquired or ceased 
· Continuous cover if continuously insured with our representation insurer. 
· Legal representation at inquiries 
· Covers claims brought by related persons & entities if the claim originates from an independent third party claimant 
· 60 days notification period after termination of policy 
· Covers defense of claims for non-monetary relief 
· Covers volunteers 

· Optional cover for Fraud & Dishonesty of Principals & Employees, until admission, judgment or adjudication 
· Optional cover for Principals’ previous businesses in the same profession (fully retroactive) 


Principal Exclusions
Dishonesty, fraud *
Libel or Slander*
Loss of or damage to property (including document) in the Insured's Care, Custody or Control*
Contractual or assumed liability
Fines, Penalties,Exemplary or Punitive Damages,
Infringement of Intellectual property rights*
Claim by or against parent company, subsidiary or associated company
Directors' & Officers' liability
Asbestos liability, Urea Formaldehyde, AIDS
Pollution liability
Radiation or nuclear
Terrorism or War
(The above are the common principal exclusions of a PI policy. Please refer to PI Policy
for the profession concerned for a complete list of and details of all exclusions.)
Extensions (optional and with additional premium)
Dishonesty of Employees*
Libel & Slander*
Loss of Documents*

Documents Required For Applying A PI Policy
For both new and renewal risks and all requests for quotation must be by way of submitting the following documents to the Liability Unit at Head Office: 
Duly completed, signed and dated PI Proposal Form (There are different PI Proposal Forms for different professions)
Any other document as required and stated in the Proposal Form Details (date, nature, amount and status of loss) of previous claims/losses (if any)


Decline Risks (1st Principal)
  • Top biggest 8 Legal firms, top biggest 5 Accountants, Architects or Engineering consultants
  • Financial institutions, Financial advisers or planners, Risk management consultants
  • Debt collection agencies, Receivers, Liquidators
  • Contractors, Design & built engineering firm (turnkey contractors)
  • Valuers
  • Security guards

Insurance for E & O In Practice

Polisi Insuran Elite Indemniti Profesional

Polisi  Insuran Elite Indemniti Profesional menyediakan perlindungan komprehensif untuk profesional terhadap pelbagai liabiliti sivil yang mereka hadapi dalam menjalankan perniagaan mereka.

Perlindungan Ciri-ciri penting ( terbina ) disenaraikan di bawah untuk memudahkan anda berbanding dengan syarat berasaskan kecuaian pasaran umum :

CIRI-CIRI PERLINDUNGAN

· Fasal luas menginsuranskan merangkumi mana-mana Tuntutan liabiliti sivil dalam menjalankan Perniagaan
· Cover adalah mengenai " pay on behalf " dan bukannya tanggung rugi
· Melindungi liabiliti vikarius untuk perunding ,kontraktor , subkontraktor & agen
· Melindungi fitnah
· Melindungi pelanggaran harta intelek
· Melindungi liabiliti yang timbul daripada penyertaan dalam usaha sama
· Melindungi kehilangan dokumen
· Secara automatik meliputi anak-anak syarikat yang baru diambil alih atau dicipta 
  untuk 30 hari
· Melindungi larian bagi firma-firma Diinsuranskan yang telah digabungkan , 
  diperoleh atau terhenti
· Berterusan perlindungan jika terus diinsuranskan dengan syarikat insurans 
  perwakilan kami.
· Undang-undang di perwakilan pertanyaan
· Melindungi tuntutan yang dibawa oleh orang-orang   yang berkaitan & entiti jika tuntutan itu berasal dari pihak yang menuntut pihak ketiga yang bebas
· 60 hari tempoh pemberitahuan selepas penamatan polisi
· Melindungi mempertahankan tuntutan untuk melegakan bukan kewangan
· Melindungi sukarelawan
· Perlindungan pilihan untuk Penipuan & Ketidakjujuran Pengetua & Pekerja , 
  sehingga kemasukan, penghakiman atau penghakiman
· Penutup Pilihan untuk perniagaan sebelumnya Pengetua ' dalam profesion yang sama (retroaktif sepenuhnya)

Pengecualian utama
Kecurangan , penipuan *
Fitnah atau Fitnah *
Kehilangan atau kerosakan kepada harta (termasuk dokumen) dalam Penjagaan pihak Diinsurankan, Jagaan atau Kawalan *Liabiliti kontrak atau diambil alih
Denda, Penalti , Gantirugi Teladan atau Punitif,
Pelanggaran hak harta intelek *
Tuntutan oleh atau terhadap syarikat induk , anak syarikat atau syarikat bersekutu
Pengarah & Pegawai liabiliti
Liabiliti asbestos, Urea Formaldehyde , AIDS
Liabiliti pencemaran
Sinaran atau nuklear
Keganasan atau Perang
( Di atas adalah pengecualian utama biasa polisi PI. Sila rujuk kepada Polisi PI profesion yang berkenaan untuk senarai lengkap dan butir-butir semua pengecualian. )
Sambungan (pilihan dan dengan premium tambahan)
Ketidakjujuran Pekerja *
Fitnah & Fitnah *
Kehilangan Dokumen *

Dokumen Diperlukan Untuk Memohon Polisi PI
Bagi kedua-dua risiko baru dan pembaharuan dan semua permintaan untuk sebut harga mestilah dengan cara mengemukakan dokumen-dokumen berikut kepada Unit Liabiliti di Ibu pejabat:
Yang lengkap , ditandatangani dan bertarikh Borang Cadangan PI ( Terdapat berbeza Borang Cadangan PI untuk profesion yang berbeza )
Apa-apa dokumen lain sebagaimana yang dikehendaki dan dinyatakan dalam Cadangan Borang Butiran (tarikh , jenis, jumlah dan status kerugian) tuntutan / kerugian sebelumnya (jika ada)

Risiko Ditolak ( Prinsipal Utama )
Atas 8 terbesar firma undang-undang, atas firma terbesar Akauntan , Arkitek atau Perunding Kejuruteraan
Institusi Kewangan, Penasihat Kewangan atau Perancang , Perunding Pengurusan Risiko, Agensi-agensi kutipan hutang , Penerima , Penyelesai, Kontraktor, Design & firma kejuruteraan yang dibina (kontraktor turnkey )
Adjuster, Pengawal keselamatan


Market Specialization

  • Architects, landscape architects and interior designers 
  • Public accountants and company secretaries
  • Engineers
  • Property managers
  • Print and broadcast media
  • Advertising agents
  • Consultants

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