Professional Indemnity Insurance - Cover Summary
Details
- Professional indemnity insurance cover is available for most professions subject to a fee / income limit of €1,500,000
- A range of indemnity limits from €250,000 to €2,500,000
- Claims made cover
- Cover is on an “any one claim limit” basis (except for a short list of occupations)
- Standard excess €750 but will vary depending on profession
- Retroactive cover available subject to previous insurance having been in place
- Breach of duty including:
- Negligent Duty
- Negligent Omission
- Misstatement
- Misleading Statement
- Breach of confidentiality
- Dishonesty of Employees
- Unintentional Infringements of Intellectual Property Rights
- Defamation
- Defence costs in addition to the Policy limits – for most occupations
Cover is also provided for
- Loss of Documents cover
- Compensation for court appearances
Main Exclusions
- USA / Canada Jurisdiction
- Patents and trade Secrets
