Professional Indemnity

By: SIMON POON AGENCY  10-02-2011
Keywords: Insurance, General Insurance, Insurance Agents and Brokers

Introduction A person 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.

Keywords: General Insurance, Insurance, Insurance Agency, Insurance Agents and Brokers, Professional Indemnity Insurance, Property Manager Insurance