Legal proceedings for negligent advice and/or services are not restricted to the
traditional professions such as law, medicine, accounting or architecture. Even
the everyday activities of your company and your people can leave you vulnerable
to allegations and lawsuits against your company and employees.
HDFC ERGO’s Professional Indemnity Policy helps protect your organisation and its
employees against such allegations. The policy should be considered an integral
part of any comprehensive Professional Risks program.
- Worldwide cover.
- Past, present or future partner, director, officer or employee is covered whilst
conducting professional services.
- Full severability of cover, wherein no fact pertaining to or knowledge possessed
by any insured person, shall be imputed to another insured person to determine available
cover.
- No retroactive date.
- Extended Reporting Period available if the insured cancels or does not renew.
- Written demands for monetary damages in civil proceedings in Singapore or overseas.
It also extends to cover formal investigations by regulatory bodies and arbitration
proceedings; judgements and settlements.
- Coverage for acquired subsidiaries, run-off coverage for sold companies.
- Fidelity Guarantee cover can be provided by way of a separate policy with a separate
limit of liability.
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