Professional Indemnity

Summary

Professionals like Engineering and other Consultants are ever exposed to legal suits due to the nature of their profession. Court cases against consultants in various fields have resulted in the awarding of huge sums of monies to claimants. In view of which such professionals revert back to insurance companies for protection against legal battles.

The rate chargeable is always applied on basis on the limit of indemnity, turn over and the type of activities in which the insured is involved and is very dependent to the nature of works, risks and exposure involved.

  • Risk Covered
    • Covers all sums which the insured becomes legally liable as damages to Third Party in respect of errors and/or omissions on the part of the Insured whilst rendering professional service, arising out of claims first made in writing against the insured during the policy period, including legal costs and expenses incurred with the prior consent of Insurer subject to the Limit of Indemnity and other terms and conditions as per the policy.

  • Key Benefits
    • Provides cover of losses from liabilities arising due to third party’s claims for:

      Compensatory damages, such indemnity to include claimant's cost and approved defense costs and expenses.

      Bodily injury, material damage or construction damage arising from a negligent act, error or omission committed or alleged to have been committed or omitted (as the case may be) by the Insured during the policy period.

      Arise out of the ordinary course of the performance of professional services by the insured.

      Negligent act, negligent error or negligent omission which was or may have been or is alleged to have been committed or omitted (as the case may be).

  • Information Required
    • Legal defence costs
    • Financial loss

Professional Indemnity

Jubilee General’s 8th Annual Sales Conference

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The PII held its second International Insurance Conference at Sheraton Hotel, Karachi from 10th-12th April, 2012.

Professional Indemnity

Jubilee General’s 8th Annual Sales Conference

The 8th Annual Sales Conference of Jubilee General Insurance Company began on 18th of February 2013. Lahore with its vibrant and colorful spring wel

Pakistan's Crop Loan Insurance Initiative Highlighted by AGRIFIN

Mr Azfar Arshad, EVP-Head of Operations & Mr Kashif Thanvi, GM, HBL invited by AGRIFIN to present their views on the subject, to world

International Insurance Conference on Catastrophe Events – A Challenge

The PII held its second International Insurance Conference at Sheraton Hotel, Karachi from 10th-12th April, 2012.

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