Search:  
Western Cape Business News


782
VIEWS

Send  Share  Twitter
Company News

PROFFESSIONAL INDEMNITY INSURANCE

 


Recent Company News

The world in which professionals operate is one of ever increasing pressure with demands for quick answers and cost effective solutions. This pressure can lead to errors and omissions by the professional which can and does give rise to claims. This factor together with the litigious nature of our society underscores the need for Professional Indemnity both for clients and professionals.

Professional Indemnity insurance essentially provides the named insured with indemnity in respect of legal liability arising out of the practice of his profession. This normally arises as a result of negligent acts, errors or omissions. Claims arise in the course of rendering professional services where a fee is earned for advice given.

Professional Indemnity insurance has to do with understanding the risks involved when working as a professional, and taking adequate steps to protect against the consequences of these risks. It is vital for the professional to understand the necessity to be proactive in protecting against any exposure, financial or otherwise.

Our Professional Indemnity binder is underwritten by Lloyd’s of London and caters to numerous professions.

We obtain both a local and an international quotation where available.

Policy Period

The policy is sold on an annual basis, with monthly premiums available.

Limits of Indemnity and Excesses

Limits of indemnity have a minimum of one million Rand in the aggregate, to an unlimited maximum. Various flat excesses are offered by underwriters.

All proposals are sent to the underwriters for individual rating.
Any additional documentation is appreciated to assist the underwriters with their rating.

Proposal Forms

Each industry has its own individual proposal form which is available from Carl Greaves Brokers (Pty) Ltd – pi@cgbrokers.co.za or telephone Beth 021 948 0630



Date Posted: 2012-03-16
Posted By: CARL GREAVES INSURANCE BROKERS (PTY) LTD
Listed under these Business Listing Categories: Financial services, Business services & consultants,

More Company News

 
 
 
natural-pain-relief-products-cape-townlighting-and-design-cape-townStaff -Trafiningreal-steel
 
   
 
 
 
  Accomodation
Accommodation


Online Foreign Exchange
Foreign Exchange


Directory
Directory


Fax
Fax 2 Email


Finance
Finance


Furniture
Furniture


Casino
Online Casino


Restaurant
Restaurant


Auctions
Shop Online


Study IT
Study IT Online


Web design
Web Design


Weddings
Weddings


Work
Work from Home
 
 
 
 
 
Company News
 
 

 

© 2017 www.wcbn.co.za. All rights reserved.

Daily Newsletter Subscription

 

Subscribe to the Western Cape Business News Daily News and information email (it's free).

Thank You
Your email address has been added.

Name:
Email Address: