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Performance Bond
Liability
Professional Indemnity
What is it:
It covers your legal liability against 3rd party arising out of negligence on your part
Key Coverage:
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Policy responses to 3rd party civil claim that arises from the Insured's Professional Business.
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Liability can arise from negligent acts, errors, omissions , including allegations of failure to provide or perform professional services
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It covers Legal cost and settlement cost
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Policy is on a claims-made basis
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Retroactive Date
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Final Policy's Terms applied
Key Underwriting data:
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Annual Professional Indemnity
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Single Project Professional Indemnity ( up to 10 years )
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Limit of Indemnity ( maximum amount payable in a year )
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Excess / Deductible / Retention
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