Dotting the i s & Crossing the t s Professional Indemnity Insurance
|
|
- Georgiana Clark
- 8 years ago
- Views:
Transcription
1 Dotting the i s & Crossing the t s Professional Indemnity Insurance Michael Earp 26 th May 2009
2 Dotting the i s & Crossing the t s Professional Indemnity Insurance CONTENTS OF PRESENTATION What is Professional Indemnity Insurance? How Professional Indemnity works?
3 Dotting the i s & Crossing the t s Professional Indemnity Insurance CONTENTS OF PRESENTATION What is Professional Indemnity Insurance? How Professional Indemnity works?
4 What is Professional Indemnity Insurance? A form of Liability Insurance? An indemnity for the insured It is not It is not a guarantee It is not an indemnity for the Principal It is not cover for any losses sustained It is not cover for faulty workmanship or materials
5 What is Professional Indemnity Insurance? How are liabilities for professionals created? Professional An occupation requiring either purely intellectual skill or a manual skill controlled by the intellectual skill of the operator. Work of a Professional characterised by: The work is skilled and specialised Practitioners are committed to certain moral principles Usually practitioners belong to a professional association Professionals have high status in the community
6 What is Professional Indemnity Insurance? How does Professional Liability arise? Common Law Professional Statute Law Torts Contract The consultant shall exercise reasonable skill and care in the performance of his obligations Civil Codes Health & Safety Legislation Building Codes
7 Dotting the i s & Crossing the t s Professional Indemnity Insurance CONTENTS OF PRESENTATION What is Professional Indemnity Insurance? How Professional Indemnity works?
8 HOW PROFESSIONAL INDEMNITY WORKS TYPICAL PROFESSIONAL INDEMNITY POLICY Operative Clause Costs and Expenses Extensions Exclusions Conditions Endorsements
9 HOW PROFESSIONAL INDEMNITY WORKS EXAMPLE INSURING CLAUSE Insurers will indemnify the Insured for legal liability from any claim made against the Insured up to the limit of indemnity stated in the policy in consequence of breach of professional duty by the Insured arising from the performance of the professional activities and duties by the Insured or others on behalf of the insured
10 HOW PROFESSIONAL INDEMNITY WORKS LEGAL LIABILITY A Consultant is paid 1,000,000 to Design an extension to an existing exhibition centre. The design fee within the cost is 20,000. After completion, during an exhibition, the new roof collapses where it adjoins the old roof. If the collapse of the roof was due to design fault: What are the potential legal liabilities against the consultant that are covered by PI Insurance?
11
12 LEGAL LIABILITY COST OF REDESIGN The owner may employ another Designer or Contractor The fees for re-design may be a substantial proportion of, or the fees could exceed, the original fee of 20,000
13
14 LEGAL LIABILITY COST OF REPAIR/RECTIFICATION To merely replace as before could result in the roof collapsing again Therefore the claim could include betterment Repair/rectification may represent a substantial proportion of the contract value of 1,000,000
15
16 LEGAL LIABILITY DIRECT LOSSES Damage to exhibits????? Damage to original exhibition centre????? Injury to persons in the exhibition hall?????
17
18
19
20 LEGAL LIABILITY SUMMARY PI the headings of loss not specified Public Liability Insurance may not include cover for Property Damage or Bodily Injury as a result of a design fault PI includes Indirect Losses such as financial, consequential and economic losses Does not cover moral or commercial aspects
21 HOW PROFESSIONAL INDEMNITY WORKS EXAMPLE INSURING CLAUSE Insurers will indemnify the Insured for legal liability from any claim made against the Insured up to the limit of indemnity stated in the policy in consequence of breach of professional duty by the Insured arising from the performance of the professional activities and duties by the Insured or others on behalf of the insured
22 CLAIMS MADE A B C D A Design Error B Construction completed C Error discovered D Claim made
23
24 CLAIMS MADE SUMMARY Consider when the claim is made not when the error is made Notification of a circumstance is usually deemed to be a claim made Late or non-disclosure can prejudice indemnity Policy needs to be renewed annually Cover usually ceases at expiry of the policy
25 HOW PROFESSIONAL INDEMNITY WORKS EXAMPLE INSURING CLAUSE Insurers will indemnify the Insured for legal liability from any claim made against the Insured up to the limit of indemnity stated in the policy in consequence of breach of professional duty by the Insured arising from the performance of the professional activities and duties by the Insured or others on behalf of the insured
26 LIMIT OF INDEMNITY An indemnity for the Insured Professional Indemnity policies are policies of indemnity It reimburses the Insured against sums they are legally liable to pay as damages In practice money is usually paid directly to the claimant by insurers Limit usually Any one claim for consultants Aggregate Indemnity Limits for contractors
27 HOW PROFESSIONAL INDEMNITY WORKS EXAMPLE INSURING CLAUSE Insurers will indemnify the Insured for legal liability from any claim made against the Insured up to the limit of indemnity stated in the policy in consequence of breach of professional duty by the Insured arising from the performance of the professional activities and duties by the Insured or others on behalf of the insured
28
29 NEGLIGENCE Negligence is the Tort by which fault is determined under English Law Negligence is not immovable, it can change depending on the latest law case Not a first party cover Cover for failure to achieve the: standard of an ordinary skilled man exercising and professing to have that special skill
30 HOW PROFESSIONAL INDEMNITY WORKS EXAMPLE INSURING CLAUSE Insurers will indemnify the Insured for legal liability from any claim made against the Insured up to the limit of indemnity stated in the policy in consequence of breach of professional duty by the Insured arising from the performance of the professional activities and duties by the Insured or others on behalf of the insured
31 PROFESSIONAL ACTIVITIES AND DUTIES Professional Services The activities and duties normally undertaken by an Architect, Consulting Engineer or Surveyor Not just design Inspection Supervision of construction Measurement Technical investigation Analysis Calculation
32 HOW PROFESSIONAL INDEMNITY WORKS EXAMPLE INSURING CLAUSE Insurers will indemnify the Insured for legal liability from any claim made against the Insured up to the limit of indemnity stated in the policy in consequence of breach of professional duty by the Insured arising from the performance of the professional activities and duties by the Insured or others on behalf of the insured
33 OTHERS ON BEHALF OF THE INSURED I.E. CONTINGENT LIABILITY These can be consultants, specialist or general subcontractors Important that full rights of subrogation are maintained so Insurers rights are not impaired. Check that subbie s have adequate PI insurance and that it is renewed!
34 HOW PROFESSIONAL INDEMNITY WORKS TYPICAL PROFESSIONAL INDEMNITY POLICY Operative Clause Costs and Expenses Extensions Exclusions Conditions Endorsements
35 Costs and Expenses Costs and expenses incurred in investigating, defending or settling any claim Usually in addition but sometimes included within the limit of indemnity Must be incurred with Underwriter s consent Claimants costs would form part of damages
36 HOW PROFESSIONAL INDEMNITY WORKS TYPICAL PROFESSIONAL INDEMNITY POLICY Operative Clause Costs and Expenses Extensions Exclusions Conditions Endorsements
37 Extensions (1) Loss of Documents Libel & Slander Breach of Copyright Policy covers liability arising from lost or destroyed documents and costs of replacement Policy covers liability arising from Libel or Slander Policy covers claims alleging breach of copyright, patent, trademark or trade name
38 Extensions (2) Joint Ventures Policy indemnifies Insured for: Liability arising out of Insured s Professional activities and duties as part of any Joint Venture
39 HOW PROFESSIONAL INDEMNITY WORKS TYPICAL PROFESSIONAL INDEMNITY POLICY Operative Clause Costs and Expenses Extensions Exclusions Conditions Endorsements
40 Exclusions Specific Guarantees or Warranties of performance Liquidated Damages or Penalties Claims or Circumstances known at inception Claims involving Pollution which is not sudden and accidental The self insured retention
41 Exclusions CONTRACTUAL LIABILITY More Professional Indemnity Claims arise from bad contracts than bad advice
42 Exclusions CONTRACTUAL LIABILITY EXCLUSION Excluding any claim or claims where liability arises from the entering of any contract or the granting of any express warranty or guarantee unless such liability would have existed in the absence of the contract, express warranty or guarantee.
43 ADDITIONAL LIABILITY Exclusions CONTRACTUAL LIABILITY EXCLUSION ORIGINAL LIABILITY
44
45 HOW PROFESSIONAL INDEMNITY WORKS TYPICAL PROFESSIONAL INDEMNITY POLICY Operative Clause Costs and Expenses Extensions Exclusions Conditions Endorsements
46 Conditions Claims Notification Written notification, as soon as possible, of any claim, threat of claim, writ or summons or event or circumstance that may give rise to a claim Subrogation Underwriters become subrogated to all rights of recovery on payment of a claim (such subrogation rights not to be waived by Insured)
47 HOW PROFESSIONAL INDEMNITY WORKS TYPICAL PROFESSIONAL INDEMNITY POLICY Operative Clause Costs and Expenses Extensions Exclusions Conditions Endorsements
Professional Indemnity Select
Allianz Insurance plc Professional Indemnity Select Cover Overview Professional Indemnity Select Cover Overview Contents Thank you for choosing Allianz Insurance plc. We are one of the largest general
More informationProfessional Indemnity Select
Allianz Insurance plc Professional Indemnity Select Policy Overview Policy Overview Professional Indemnity Select Contents Thank you for choosing Allianz Insurance plc. We are one of the largest general
More informationProfessional Indemnity Insurance Glossary of Terms
Professional Indemnity Insurance Glossary of Terms Index Aggregation of claims Automatic reinstatement Average provision Cancellation Civil liability Claim Claims made Consumer protection legislation Continuous
More informationATTACHMENT A.6 INSURANCE REQUIREMENTS ROUTINE CONSTRUCTION, MAINTENANCE AND REPAIR PROJECTS
ATTACHMENT A.6 INSURANCE REQUIREMENTS ROUTINE CONSTRUCTION, MAINTENANCE AND REPAIR PROJECTS Contractor shall obtain insurance of the types and in the amounts listed below. A. COMMERCIAL GENERAL AND UMBRELLA
More informationGuide to Reviewing Contract Documentation
Guide to Reviewing Contract Documentation Introduction In order to help members address the issues associated with the review of contracts The Royal Institute of British Architects (RIBA), in association
More informationProfessional Indemnity Insurance Specialist Supplier Presentation
Bespoke Ready-Mix insurance Professional Indemnity Insurance Specialist Supplier Presentation EXCLUSIVE FOR MEMBERS OF THE SOUTHERN AFRICAN READY MIX ASSOCIATION ("SARMA") So what is a Professional Indemnity
More informationHow To Get A Pension In The Uk
Table of Contents Introduction... 1 Page Definitions... 1 Act of Terrorism... 1 Claim... 1 Documents... 1 Excess... 1 Inquiring Body... 1 Inquiry Costs... 1 Insured... 2 Insured Costs... 2 Insurer... 2
More informationLiability. PL/Products & PI Efficacy Financial Loss- Fact or Fiction?
Liability PL/Products & PI Efficacy Financial Loss- Fact or Fiction? Agenda Liability Definitions Where does PL/Products cover stop and PI cover start? Examples Efficacy Financial Loss What is it? Fact
More informationHome Warranty Insurance Policy Domestic Building work by Builder (Victoria)
Home Warranty Insurance Policy Domestic Building work by Builder (Victoria) Lumley General Insurance Limited ABN 24 000 036 279 Lumley House, Level 9, 309 Kent St, Sydney NSW 2000 Ph: (02) 9248 1111 Fax:
More informationHow To Insure A Project In The Uk
Schedule 15A: Insurance Part 1 Required Insurances Sub-part 1 Design and Construction Phase The policies to be taken out by the Contractor, or caused to be taken out by the Major Sub-contractor, and maintained
More informationConstruction Insurance Important Things You Need to Know
Construction Insurance Important Things You Need to Know CIBSE Home Counties South East Wednesday 15 February 2014 Presented by: May Looi, Solicitor Insurance policies commonly required in construction
More informationMAIN CIVIL WORKS CONTRACT SCHEDULE 13 INSURANCE TABLE OF CONTENTS
MAIN CIVIL WORKS CONTRACT SCHEDULE 13 INSURANCE TABLE OF CONTENTS 1 INTERPRETATION... 1 1.1 Definitions... 1 2 CONTRACTOR PROVIDED INSURANCE COVERAGE... 1 3 BC HYDRO PROVIDED INSURANCE COVERAGE... 2 4
More information"P" INSURANCE CONDITIONS CONSULTING AND PROFESSIONAL SERVICES
"P" INSURANCE CONDITIONS P_insur_conditions.pdf Issued on May 7, 2013 I N D E X PART I GENERAL INSURANCE CONDITIONS (GIC)... 3 GIC 2 CONSULTANT... 3 GIC 3 INSURANCE PROCEEDS... 4 GIC 4 CONSULTANTS RESPONSIBILITY
More informationPublic and Product Liability - General
Section 3E Public and Product Liability - General Definitions Business The business stated in the specification to this section and includes: a) the provision and management of canteen, sports, social,
More informationHOME WARRANTY Insurance Policy [VICTORIA]
HOME WARRANTY Insurance Policy [VICTORIA] In consideration of the payment by the Builder of the premiums specified in the Schedule to this policy, the Insurer will provide insurance cover to the Building
More informationCivil Liability Professional Indemnity Policy Wording - 06.12
Civil Liability Professional Indemnity Policy Wording - 06.12 Introduction This Policy is written on a claims made and notified basis, which means that, subject to Clause 3.2 Continuous Cover, it will
More informationProfessional Practice 544
February 15, 2016 Professional Practice 544 Tort Law and Insurance Michael J. Hanahan Schiff Hardin LLP 233 S. Wacker, Ste. 6600 Chicago, IL 60606 312-258-5701 mhanahan@schiffhardin.com Schiff Hardin LLP.
More informationMISCELLANEOUS PROFESSIONAL INDEMNITY INSURANCE (Costs Inclusive). 1.2. Defence Costs Underwriters agree to pay all Defence Costs as defined below.
MISCELLANEOUS PROFESSIONAL INDEMNITY INSURANCE (Costs Inclusive). 1. INSURING AGREEMENTS 1.1 Insuring Clause Whereas the company, partnership or firm as stated in Item 1 of the Schedule (the Named Insured
More informationCANOPIUS UNDERWRITING LTD PROFESSIONAL INDEMNITY INSURANCE POLICY FOR DESIGN AND CONSTRUCTION
CANOPIUS UNDERWRITING LTD PROFESSIONAL INDEMNITY INSURANCE POLICY FOR DESIGN AND CONSTRUCTION Various words and phrases have a standard meaning within this policy of insurance and such meanings are defined
More informationPROFESSIONAL INDEMNITY INSURANCE FOR DESIGN AND CONSTRUCT POLICY WORDING
PROFESSIONAL INDEMNITY INSURANCE FOR POLICY WORDING OUR PROMISE TO YOU In return for the premium you have paid, we agree to insure you in accordance with the terms and conditions of this policy. Signed
More informationSAMPLE. Professional Indemnity Insurance (PII) Policy 2015/16. lawcover.com.au Page 1
Professional Indemnity Insurance (PII) Policy 2015/16 Lawcover Insurance Pty Limited ABN 15 095 082 509 Level 13, 383 Kent Street Sydney NSW 2000 DX 13013 Sydney Market Street Telephone: 1800 650 748 (02)
More informationComplete Professional Indemnity
Allianz Insurance plc Complete Professional Indemnity Policy Details (including Policy Summary pages 1 4) Architects Policy Summary This is a Policy Summary only and does not contain full terms and conditions
More informationWork Injury Compensation Insurance (Contract)
Work Injury Compensation Insurance (Contract) Policy Wordings Please read this insurance Policy carefully to ensure that you understand the terms and conditions and that this Policy meets your requirements.
More informationReal Estate Errors & Omissions Indemnity Plan
B R I T I S H C O L U M B I A Real Estate Errors & Omissions Indemnity Plan No. RE0398 Issued by Real Estate Errors and Omissions Insurance Corporation (Herein called the Corporation ) Pursuant to the
More informationPolicy of Insurance under the HBCF (Home Building Compensation Fund)
Policy of Insurance under the HBCF (Home Building Compensation Fund) How to read the policy (i) The policy covers you for the types of loss, and for the amounts of loss, described in clause 1. (ii) Clause
More informationWork Injury Compensation Insurance (Annual)
Work Injury Compensation Insurance (Annual) Policy Wordings Please read this insurance Policy carefully to ensure that you understand the terms and conditions and that this Policy meets your requirements.
More informationProfessional Indemnity Insurance ( 蘇 黎 世 產 物 專 業 責 任 保 險 )
免 費 保 戶 服 務 電 話 :0800-880550 資 訊 公 開 查 詢 : http://www.zurich.com.tw 免 費 申 訴 電 話 :0800-501888 消 費 者 可 至 本 公 司 總 分 支 機 構 網 址 查 閱 或 索 取 書 面 資 訊 公 開 說 明 文 件 本 商 品 經 本 公 司 合 格 簽 署 人 員 檢 視 其 內 容 業 已 符 合 保 險
More informationPublic and Products Liability Amendments for Manufacturing
These Amendments are only operative if the Public Liability or Public and Products Liability Section is shown as operative in the Schedule. Subject to all of the terms, definitions, exclusions, provisions
More informationProfessional Indemnity Insurance Policy - Optometrists Association Australia (OAA) Version 3.0
Version 3.0 Table of contents Table of contents 2 Special Notices 3 Policy wording 4 Introduction 4 How much we will pay 4 What we insure 4 1. Professional indemnity insurance cover 4 1.1 Practice of your
More informationthe predecessors in business of the said firm in respect of whom insurance coverage is expressly provided in the Schedule
PROFESSIONAL INDEMNITY ERRORS & OMISSIONS INSURANCE FOR CHARTERED ACCOUNTANTS/ FINANCIAL ACCOUNTANTS/MANAGEMENT CONSULTANTS/LAWYERS/ ADVOCATES/ SOLICITORS/ COUNSELS 1. OPERATIVE CLAUSE: WHEREAS the insured
More informationSOLICITORS EXCESS PROFESSIONAL INDEMNITY INSURANCE POLICY
SOLICITORS EXCESS PROFESSIONAL INDEMNITY INSURANCE POLICY DECLARATIONS Policy Number: Chubb Insurance Company of Europe SE (herein called the Company ) Item 1. Policyholder: Address Item 2. Limit of Liability:
More informationAre you covered? Coverage issues for construction professionals Part 2
Professional Risks - Construction Part 2 June 2015 Are you covered? Coverage issues for construction professionals Part 2 In this two part guide we will be looking at issues that frequently arise when
More informationProfessional Indemnity Insurance [Design and Construct 06/08] Nova Underwriting Pty Ltd ABN 42 127 786 823 / AFSL 324767
Professional Indemnity Insurance [Design and Construct 06/08] Nova Underwriting Pty Ltd ABN 42 127 786 823 / AFSL 324767 1.0 INSURING CLAUSES 1.1 We will cover You for any Claim, first made against You
More informationB.C. LAWYERS COMPULSORY PROFESSIONAL LIABILITY INSURANCE POLICY NUMBER: LPL 00-01-01
B.C. LAWYERS COMPULSORY PROFESSIONAL LIABILITY INSURANCE POLICY NUMBER: LPL 00-01-01 INSURER: THE LSBC CAPTIVE INSURANCE COMPANY LTD. (the Company ) Administrative Offices, 6th Floor, 845 Cambie Street
More informationPRODUCT LIABILITY INSURANCE (Richard Oliver Version)
(Richard Oliver Version) OPERATIVE CLAUSE The Underwriters will indemnify the Assured against their legal liability, whether by way of claims made against them or by way of loss or expense incurred by
More informationSport & Social Clubs and Not For Profit Organisations Directors & Officers Liability Select
Allianz Insurance plc Sport & Social Clubs and Not For Profit Organisations Directors & Officers Liability Select Policy Overview Product Name/Subject Line Professional Indemnity Policy Overview Contents
More informationPROFESSIONAL INDEMNITY INSURANCE
PROFESSIONAL INDEMNITY INSURANCE DEFINITIONS For the purposes of this Policy the words or terms that appear in bold will be interpreted as follows: Circumstance shall mean any circumstance or state of
More informationWelcome To Palestine. Tareq Marea
Welcome To Palestine Tareq Marea Professional Indemnity Insurance Professional Liability Insurance (PLI), also called Professional Indemnity Insurance (PII) but more commonly known as Errors & Omissions
More informationLawCover. Professional Indemnity Insurance Policy 2009/2010 116693148 \ 0421663 \ AZO01
LawCover Professional Indemnity Insurance Policy 2009/2010 116693148 \ 0421663 \ AZO01 This Policy sets out the conditions on which we agree to insure you. When reading this Policy, please note the use
More informationLicensed building practitioners (LBP)
LIABILITY Licensed building practitioners (LBP) Professional indemnity employee protection liability Lumley, a business division of IAG New Zealand Limited, Lumley Centre, 88 Shortland Street, PO Box 2426,
More informationCivil Liability Professional Indemnity Insurance Policy
Civil Liability Professional Indemnity Insurance Policy The insurer is AAI Limited ABN 48 005 297 807 AFSL 230859 trading as GIO. This product is distributed by Resilium Pty Ltd ABN 40 098 080 810 AFSL
More informationProfessional Risks Aon have a designated team of specialists to provide support clients on any professional risk issue.
RISK MANAGEMENT PRESENTATION TO PMINZ Mark Koschak Associate Director Aon New Zealand Ltd Auckland DDI: 09 362 9091 Email: mark.koschak@aon.co.nz AON PROFILE Global Aon Corporation is the largest insurance
More informationConstruction Defect Action Reform Act
COLORADO REVISED STATUTES Title 13. Courts and Court Procedure Damages Regulation of Actions and Proceedings Article 20. Actions Part 8. Construction Defect Actions for Property Loss and Damage Construction
More informationPROFESSIONAL INDEMNITY INSURANCE COUNCIL OF ENGINEERS JANUARY 22, 2014
PROFESSIONAL INDEMNITY INSURANCE COUNCIL OF ENGINEERS JANUARY 22, 2014 RISKS MANAGEMENT MIX STRATEGY Transferred Risk (Insurance) Level Of Risk Reduced Risk (Safety Measures) Avoided Risk Retained Risk
More informationResidents Associations Directors & Officers Liability Select. Policy Overview
Allianz Insurance plc Residents Associations Directors & Officers Liability Select Policy Overview Product Name/Subject Line Professional Indemnity Policy Overview Contents Introduction 1 Significant Features
More informationNotice of claims or circumstances should be given to the Company via:
LLOYD'S UNDERWRITING AGENTS PROFESSIONAL INDEMNITY INSURANCE POLICY NUMBER... THIS IS A CLAIMS MADE POLICY. Except as otherwise provided herein, this policy covers only claims first made against the Insured
More informationCALIFORNIA Strict Indemnity Language. CALIFORNIA Intermediate Indemnity Language
CALIFORNIA Strict Indemnity Language Contractor (Indemnitor) shall indemnify, defend, and hold harmless Authority, its officers, officials, employees, and volunteers from and against any and all liability,
More informationFOR PROPERTY LOSS AND DAMAGE 1
13-20-801. Short title Colorado Revised Statutes Title 13; Article 20; Part 8: CONSTRUCTION DEFECT ACTIONS FOR PROPERTY LOSS AND DAMAGE 1 This part 8 shall be known and may be cited as the Construction
More informationShirley Hirst ETANA Specialist Risks JHB
ETANA General Liability Seminar 21 October 2013 Shirley Hirst ETANA Specialist Risks JHB PAGE 1 Agenda Liability Insurance Overview Basic Liability Concepts Broadform Liability Policy Wordings Policy Extensions
More informationCivil Liability Professional Indemnity Insurance. Table of Contents. Australian Mediation Association Members Master Policy. Page
Table of Contents Notices... 1 Introduction... 5 Definitions... 5 Act of Terrorism... 5 Adverse Publicity Event... 5 Claim... 5 Documents... 5 Excess... 5 Fidelity Claim... 5 Fidelity Excess... 5 Inquiring
More informationDIRECTORS AND OFFICERS LIABILITY INSURANCE FOR RESIDENTS ASSOCIATIONS AND CLUBS
PLEASE READ THIS POLICY (AND THE SCHEDULE WHICH FORMS AN INTEGRAL PART OF THE POLICY) TO ENSURE THAT IT MEETS YOUR REQUIREMENTS DIRECTORS AND OFFICERS LIABILITY INSURANCE FOR RESIDENTS ASSOCIATIONS AND
More informationThe Solution for General Partnership Liability Coverage Part
The Solution for General Partnership Liability Coverage Part In consideration of the payment of the premium and subject to the General Terms and Conditions, the Insurer and the Insureds agree as follows:
More informationARCHITECTS AND ENGINEERS PROFESSIONAL LIABILITY INSURANCE By Bruce H. Schoumacher
Querrey Harrow When Results Count. SM www.querrey.com Copyright 2005 Querrey & Harrow, Ltd. All Rights Reserved. ARCHITECTS AND ENGINEERS PROFESSIONAL LIABILITY INSURANCE By Bruce H. Schoumacher Architects
More informationPROFESSIONAL INDEMNITY FOR ARCHITECTS AND CONSULTING ENGINEERS. Policy Summary
PROFESSIONAL INDEMNITY FOR ARCHITECTS AND CONSULTING ENGINEERS Policy Summary 2 Professional Indemnity for Architects and Consulting Engineers Policy Summary PROFESSIONAL INDEMNITY FOR ARCHITECTS AND CONSULTING
More informationCyber and data Policy wording
Please read the schedule to see whether Breach costs, Cyber business interruption, Hacker damage, Cyber extortion, Privacy protection or Media liability are covered by this section. The General terms and
More informationLLOYD'S OF LONDON ARCHITECTS/ENGINEERS PROFESSIONAL LIABILITY CLAIMS MADE AND REPORTED INSURANCE POLICY NOTICE
LLOYD'S OF LONDON ARCHITECTS/ENGINEERS PROFESSIONAL LIABILITY CLAIMS MADE AND REPORTED INSURANCE POLICY NOTICE This is a claims made and reported Policy. Unless stated otherwise coverage afforded under
More informationFor the purposes of this Policy the words or terms that appear in bold will be interpreted as follows:
DESIGN AND CONSTRUCT PROFESSIONAL INDEMNITY INSURANCE DEFINITIONS For the purposes of this Policy the words or terms that appear in bold will be interpreted as follows: Circumstance Shall mean any circumstance
More informationINDIAN HARBOR INSURANCE COMPANY (herein called the Company)
INDIAN HARBOR INSURANCE COMPANY (herein called the Company) This is a claims made Policy with defense expenses included. Please read and review the Policy carefully. INSURANCE AGENTS AND BROKERS ERRORS
More informationCivil Liability Professional Indemnity Insurance Policy
Civil Liability Professional Indemnity Insurance Policy The insurer is AAI Limited ABN 48 005 297 807 AFSL 230859 trading as GIO. This product is distributed by Resilium Pty Ltd ABN 40 098 080 810 AFSL
More informationAt minimum, Project Co will be required to ensure the following insurance coverage in relation to the D&C Phase:
Schedule 9 - Insurance Part A - D&C Phase insurance requirements Project Co will be required to effect or cause to be effected such appropriate insurances during the D&C Phase in accordance with Clause
More informationFor the purposes of this Policy the words or terms that appear in bold will be interpreted as follows:
ARCHITECTS AND ENGINEERS PROFESSIONAL INDEMNITY INSURANCE DEFINITIONS For the purposes of this Policy the words or terms that appear in bold will be interpreted as follows: Circumstance Shall mean any
More informationUNIVERSITY OF STIRLING SUMMARY OF INSURANCE. Insured and description of business. Our policies are held in the name of:-
UNIVERSITY OF STIRLING SUMMARY OF INSURANCE Insured and description of business Our policies are held in the name of:- UNIVERSITY OF STIRLING AND/OR SUBSIDIARY COMPANIES Subsidiary Companies SURA Ltd Machrihanish
More informationTranznet Professional Indemnity Insurance Master Policy
Tranznet Professional Indemnity Insurance Master Policy Tranznet Professional Indemnity Insurance Master Policy Introduction 1 Policy wording 1 1. Insuring clause 1 2. Limit of indemnity and maximum aggregate
More informationINSURANCE REQUIREMENTS FOR ALL CITY CONTRACTS
INSURANCE REQUIREMENTS FOR ALL CITY CONTRACTS 1. GENERAL PROVISIONS A. Indemnification. The Contractor shall indemnify and save harmless the City of Lincoln, Nebraska from and against all losses, claims,
More informationPROFESSIONAL INDEMNITY INSURANCE
ESSENTIAL BUSINESS INSURANCE COVER POLICY RISK FACT introducing FirstUnited FirstUnited is a leading insurance intermediary group operating in Malta and under Freedom of Services throughout the EU. We
More informationIn any relationship it s important to CLICK. Liability Insurance for Independent Contractors
In any relationship it s important to CLICK. Liability Insurance for Independent Contractors Brought to you by Why risk everything when ContractorCover is so affordable? Working for yourself can be hugely
More informationProfessional Indemnity Insurance Adrian Dobson, RIBA Director of Practice
Adrian Dobson, RIBA Director of Practice RIBA Practice Department Business, technical and legal support to architects Professional Standards Professional conduct Dispute resolution Accreditation Research
More informationSteadfast Civil Liability Professional Indemnity Insurance Policy Professional and financial risk solutions
PMS 286C BLACK Steadfast Civil Liability Professional Indemnity Insurance Policy Professional and financial risk solutions Steadfast Civil Liability Professional Indemnity Insurance policy Introduction
More informationE F F E C T I V E M A R C H 1, 2 0 0 9. Indemnity. Plan. Real Estate Errors and Omissions Insurance Corporation. British Columbia
E F F E C T I V E M A R C H 1, 2 0 0 9 Indemnity Plan N Ọ R E 0 3 0 9 Real Estate Errors and Omissions Insurance Corporation British Columbia I N T R O D U C T I O N Why You Need Professional Liability
More informationBreege Lynn BA, GDIP, FCII Senior Vice President, Marsh Commercial Dublin
PROFESSIONAL INDEMNITY INSURANCE MAKING IT WORK FOR YOU 17TH FEBRUARY, 2014 Breege Lynn BA, GDIP, FCII Senior Vice President, Marsh Commercial Dublin Professional Indemnity It s primary purpose The object
More informationPUBLIC AND PRODUCTS LIABILITY INSURANCE SCHEDULE TO THE POLICY
PUBLIC AND PRODUCTS LIABILITY INSURANCE SCHEDULE TO THE POLICY INSURED: POLICY NO: BUSINESS: PERIOD OF INSURANCE: From: To: (both dates inclusive) INDEMNITY LIMITS: Section A: Section B: Section C: EXCESS:
More informationPROFESSIONAL INDEMNITY INSURANCE POLICY
PROFESSIONAL INDEMNITY INSURANCE POLICY McParland Finn Ltd Barlow House Minshull Street Manchester M1 3DZ ENGLAND Telephone: 00 44 161 236 2532 Fax: 00 44 161 236 2583 E-mail: freelancers@ m - f - l. c
More informationLEGAL PRACTITIONERS' LIABILITY COMMITTEE CONTRACT OF PROFESSIONAL INDEMNITY INSURANCE FOR SOLICITORS: 2012/2013 TABLE OF CONTENTS
LEGAL PRACTITIONERS' LIABILITY COMMITTEE ABN 45 838 419 536 Level 31, 570 Bourke Street Melbourne Victoria 3000 DX 431 Melbourne Ph: (03) 9672 3800 Fax: (03) 9670 5538 www.lplc.com.au Contract for Professional
More informationManaging your professional risks with insurance
Managing your professional risks with insurance A guide for CPA Australia Public Practice Certificate holders As professionals and business people you are subjected to many risks. The risks you can eliminate
More informationMAINTENANCE AGREEMENTS
1. ISSUANCE OF INSURANCE SCHEDULE 18 INSURANCE REQUIREMENTS MAINTENANCE AGREEMENTS All insurance coverage will be issued with insurers acceptable to the Minister, and issued by companies licensed to transact
More informationProfessional Indemnity Policy. Design and Construct. ATL Professional Indemnity Policy D&C January 2014 Page 1 of 12
Professional Indemnity Policy Design and Construct January 2014 Page 1 of 12 Index Page Number Welcome 3 Your Insurance Policy Contract of Insurance 3 Definitions 4 Policy Conditions 6 Claims Conditions
More information7.4.1 Be required to make exhaustive or continuous on-site reviews;
SUPPLEMENTARY CONDITIONS TO THE CANADIAN STANDARD FORM OF CONTRACT FOR ARCHITECTURAL SERVICES DOCUMENT SIX 2006 EDITION RAIC 6 2006 FRASER HEALTH PROJECTS The following Supplementary Conditions are specific
More informationINDEPENDENT CONTRACTORS AGREEMENT
INDEPENDENT CONTRACTORS AGREEMENT THIS AGREEMENT entered into by and between (hereafter the Contractor ) and the Park District of Highland Park (hereafter Park District ). WHEREAS, Contractor will be performing
More informationPURCHASE ORDER TERMS AND CONDITIONS
PURCHASE ORDER TERMS AND CONDITIONS 1. DEFINITIONS: In these Terms and Conditions and all documents related to the Purchase Order: Purchaser means the entity issuing the Purchase Order as identified on
More informationComplete Professional Indemnity
Allianz Insurance plc plc Complete Professional Indemnity Policy Details (including Policy Summary pages 1 4) Insurance Brokers Policy Summary This is a Policy Summary only and does not contain full terms
More informationAUTOMOBILE LIABILITY & PHYSICAL DAMAGE COVERAGE AGREEMENT PART A GENERAL
AUTOMOBILE LIABILITY & PHYSICAL DAMAGE COVERAGE AGREEMENT PART A GENERAL I. The TASB Risk Management Fund (Fund) provides coverage as outlined in this Automobile Liability & Physical Damage Coverage Agreement.
More informationPolicy Wording. Professional Indemnity Insurance. Policy Number PRO2015V1 Issued to Health Sector clients of VMIA
Policy Wording Professional Indemnity Insurance Policy Number PRO2015V1 Issued to Health Sector clients of VMIA For the period 30 June 2015 to 30 June 2016 Contents Professional Indemnity Insurance Policy...
More informationHeslop & Platt Solicitors Limited
TERMS OF BUSINESS Heslop & Platt Solicitors Limited 1. Introduction and Definitions 1.1 In these terms of business, the following words and phrases have the following meanings: Initial Client Letter Client
More informationEXCESS PROFESSIONAL INDEMNITY INSURANCE POLICY. DECLARATIONS Policy Number: Chubb Insurance Company of Europe SE (herein called the Company )
EXCESS PROFESSIONAL INDEMNITY INSURANCE POLICY Item 1. Policyholder: Address DECLARATIONS Policy Number: Chubb Insurance Company of Europe SE (herein called the Company ) Item 2. Limit of Liability: Item
More informationDesign and Construct Professional Liability Insurance Summary
Design and Construct Professional Liability Insurance Summary Design and Construct Professional Underwritten by a member of the QBE Insurance Group (QBE) This insurance is an annual contract unless stated
More informationExhibit B Wharves Insurance And Indemnity Requirements of Construction Manager
Exhibit B Wharves Insurance And Indemnity Requirements of Construction Manager 1. Specific Insurance Requirements The following insurance shall be maintained in effect with limits not less than those set
More informationCONTRACTORS ALL RISKS INSURANCE POLICY
CONTRACTORS ALL RISKS INSURANCE POLICY WHEREAS THE INSURED named in the Schedule hereto has made to Cumberland Insurance & Reinsurance Company Limited (hereinafter called "the Insurers") a written proposal
More informationSportscover Australia Pty Ltd AFS Licence No. 230914 ACN: 006 637 903 ABN: 43 006 637 903. Sportscover Syndicate 3334 at Lloyds Underwriters
Type of Cover: Insurer: Underwritten by: Policy Form/Ref.: Policy Number: S U M M A R Y General Liability Insurance Policy Sportscover Australia Pty Ltd AFS Licence No. 230914 ACN: 006 637 903 ABN: 43
More informationMANAGEMENT AND COMPANY LIABILITY COVERAGE PART
MANAGEMENT AND COMPANY LIABILITY COVERAGE PART THIS COVERAGE PART PROVIDES CLAIMS MADE COVERAGE WITH DEFENSE EXPENSES INCLUDED IN THE LIMIT OF LIABILITY. PLEASE READ AND REVIEW THE POLICY CAREFULLY. In
More informationCyber-Technology Policy Comparisons
Cyber-Technology Policy Comparisons ABA Insurance Internet/Electronic Banking Liability Insurance Policy (04/01) January, 2011 Endorsements Topic ACE Computer & Technology Products and Services Professional
More informationqbcc Insurance Policy Conditions Edition 8 1 queensland building and construction commission
qbcc queensland building and construction commission Insurance Policy Conditions Edition 8 1 Effective 1 July 2009 Dear Homeowner, These documents are your Home Warranty Insurance Policy and Insurance
More informationPolicy Wording. Directors and Officers Liability and Company Reimbursement. Issued to Eligible Emergency Resource Providers by VMIA
Policy Wording Directors and Officers Liability and Company Reimbursement Issued to Eligible Emergency Resource Providers by VMIA For the period date 30 June 2014 to 30 June 2015 Contents Directors and
More informationLIABILITY. Professional Indemnity Insurance
LIABILITY Professional Indemnity Insurance Protecting your professional civil liability Professional Indemnity Insurance protects businesses and professionals against costs of legal action arising from
More informationQBE Architects & Engineers PI-15-A&E. Architects and Engineers Professional Liability Insurance Policy
QBE Architects & Engineers PI-15-A&E Architects and Engineers Professional Liability Insurance Policy Contents 1 Our agreement in general... 3 1.1 Parties to this agreement... 3 1.2 Words in bold... 3
More informationMedical Liability Insurance Related Problems and Damages in Medical Malpractice Lawsuits Stephen Ballantine
Medical Liability Insurance Related Problems and Damages in Medical Malpractice Lawsuits Stephen Ballantine 3 rd Arab Conference on Medical Liability Workshop 12 November 2014 1 INTRODUCTION 1. Objectives
More informationCivil Liability Professional Indemnity Insurance Policy. Professional and financial risk solutions
Civil Liability Professional Indemnity Insurance Policy Professional and financial risk solutions Civil Liability Professional Indemnity Insurance Policy Introduction 1 Policy wording 1 1. Insuring clause
More informationQUEST - QBE COMPREHENSIVE MOTOR INSURANCE MASTER POLICY
QUEST - QBE COMPREHENSIVE MOTOR INSURANCE MASTER POLICY CONTENTS PAGE SECTION 1: LOSS OR DAMAGE TO VEHICLE 1 INSURING CLAUSE 1 AUTOMATIC EXTENSION 1 LIMIT OF INDEMNITY 1 EXCLUSIONS 1 EXCESS FOR SECTION
More informationPUBLIC & PRODUCTS LIABILITY INSURANCE
PUBLIC & PRODUCTS LIABILITY INSURANCE ASSURED: SCHEDULE TO THE POLICY POLICY NUMBER: BUSINESS: PERIOD OF INSURANCE: From: To: (both dates inclusive) INDEMNITY LIMITS: Section: A: Section B: Section C:
More informationCOMMERCIAL PROFESSIONAL LIABILITY COVERAGE FORM
COMMERCIAL PROFESSIONAL LIABILITY COVERAGE FORM Various provisions in this policy restrict coverage. Read the entire policy carefully to determine rights, duties and what is and is not covered. Throughout
More informationCivil Liability Professional Indemnity Insurance Policy. Professional and financial risk solutions
Civil Liability Professional Indemnity Insurance Policy Professional and financial risk solutions Civil Liability Professional Indemnity Insurance Policy Introduction...1 Policy wording...1 1. Insuring
More information