Professional Indemnity PI for Singapore Businesses

Professionals owe a duty of care to their clients. Professional Indemnity Insurance protects you against the costs of legal action and claims arising from an alleged loss based on a professional error by yourself or your staff.

Our professional indemnity insurance covers you if you provide any professional service involving specialist knowledge or expertise, including advice, design, consultancy, opinion and analysis. Our coverage protects against civil liability including professional negligence, breach of contract, misrepresentations, Breach of the Fair Trading Act, defamation, breach of intellectual property rights and dishonesty of directors and employees. We will also cover complaints against you by a professional body. To ensure that you are able to defend yourself, our policies includes a separate limit for defence costs.

Coverage Benefits

Significant expertise means that we can provide tailored solutions

  • Broad civil liability policy
  • “Any one claim” limit
  • Excess exclusive of defence costs
  • Defence costs are provided in addition to the policy limit
  • Vicarious Liability
  • Defamation
  • Intellectual property
  • Dishonest or Fraudulent Employees
  • Loss of Documents
  • Compensation for Attendance
  • Quasi Judicial
  • Fair Trading Act
  • Continuous Cover applied to prior policy
  • Estate Extension
  • Marital and Domestic Partner
  • Loss Mitigation
  • Joint Ventures and Partnerships
  • Contractual Liability
  • Claims Preparation Costs
  • Cyber Liability
  • Emergency Defence Costs
  • Extended Reporting Period
  • Fee Refund/Contractual Fees
  • Licensee Intellectual Property Rights
  • Patent Extension
  • Project Delay
  • Public Relations Expenses
  • Automatic Renewal
  • Additional Insured
  • Inter-related Entities Coverage
  • Free Pre-Loss Consultation – Please contact us for more details

 

Territory/Jurisdiction

Worldwide

Target Segments

Architects, Engineers and Construction risks

IT, Telecoms and Media companies

Insurance Brokers and Agents

Management Consultants

Surveyors

Accountants

Solicitors and Barristers (excess of $10m only)

Educational institutions

Travel agents

Recruitment firms

Many other miscellaneous risks

 

Capacity

Up to $25m, any one claim

Primary & Excess



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