Professional Indemnity Policy
Professional Indemnity Insurance
Any professional person or consultant providing advice or other services is exposed to claims of a “professional indemnity” nature. If a party suffers loss after relying on the advice of a professional, he/she may have the right to sue for the loss. Professionals require cover to help protect them against the potential financial burden of litigation and to help protect the reputation of their practice, their personal integrity and their personal assets. Cover for legal costs and expenses is important as litigation involving professionals is often complex.
It is imperative that professionals have access to specialised and quality legal representation to safeguard their interests in the most effective way. Professional Indemnity Insurance is the solution that provide professionals with the confidence to face the challenges of business. Should they be faced with litigation or prosecution, they can be assured that we can help protect and support them. Major categories of professions covered include but are not limited to:
- Construction & Engineering
- Investment Advisors and Financial Planners
- Management / Business Consultant.
If you need more clarification and consultation on how a Professional Indemnity plan will benefit your business in Singapore, please feel free to contact us.