Classified Ads

Description :

A professional person owes a duty of care to his clients. A professional risk is mainly caused by advice or opinion-based
which means their main exposure is financial loss. They are liable to their client for any breach of professional duties or
responsibilities. Hence, a Professional Indemnity policy is effected to provide cover to the Insured against the breach of
professional duty, by reason of any negligent act, error or omission, wherever committed or alleged to have been committed
by the Insured or any person employed by the Insured in their professional capacity.

The policy is on "claims-made" basis with an aggregate limit of indemnity specified for anyone period of insurance.
The policy will also pay cost and expenses incurred with the written consent of the company in the defense or settlement
of any such claim, subject to the Limit of Indemnity.