Why do you need the cover?

It is crucial for professionals, and those providing specialist advice, to employ specialised knowledge, skill, and care in their business dealings with their clients.

If acts (or omissions) are carried out negligently, professionals may be deemed liable for losses suffered by a third party.

It is imperative in today’s litigious age to have adequate insurance cover to protect individual professionals and their businesses from the financial fallout of such claims.

Who should buy the cover?

For some professions, it is compulsory to have professional liability to comply with regulations in the respective industries.

For others, although it is not a requirement, it is highly recommended, if the nature of the business is offering advice, knowledge, or skills as a service to third parties.

The professionals may include:

Many other professionals can benefit from this insurance. If professional advice is offered, there is a need for professional indemnity insurance.

Why do you need the cover?

Companies today must operate within a growing array of complex laws, rules, and regulations, which increase the possibility of loss and consequent litigation. In nearly every industry, lawsuits against companies, management, or employees can affect business.

Who should buy the cover?

Past, present, and future directors, officers, prescribed officers, and employees acting in a managerial or supervisory capacity with exposures to:

• Shareholders
• Stakeholders such as (but not limited to) competitors, creditors, employees, government, suppliers, and trade unions
• Any other affected party

Why do you need the cover?

Considering the nature of the procedures and diagnostics performed by medical practitioners and Allied healthcare professionals and the number of scenarios where negligence or an accident can occur, it is essential that individuals working in the medical industry have insurance should anything go wrong because of their actual or perceived negligence or malpractice.

Who should buy the cover?

Carrying this type of insurance is essential for practitioners and Allied healthcare professionals and is required by law in most countries. Professionals, apart from medical practitioners, who should consider this type of coverage include dentists, optometrists, nurses, and physical therapists, as well as those offering health services, such as (but not limited to) dietitians, occupational therapists, physical therapists, radiographers, respiratory therapists, and speech language pathologists.