partnership property because the statutoryprofessional indemnityscheme which providedindemnity coverofalimit of $10 million per claim was already sufficient to settle the claim amount. legco.gov.hk legco.gov.hk 律師會又請委員注意,法定專業彌償 計劃為每宗申索承擔最多1,000萬元的賠償額,實際 上已足以支...
In the event of a professional negligence claim, professional indemnity insurance helps cover the costs of legal defense, including hiring lawyers, gathering evidence, and appearing in court. If the claim is successful, the insurance policy may also cover the settlement or judgment amount. Profession...
Professional Indemnity Insurance 专业责任保险 Under the corporate practices (professional indemnity) rules, each corporate practice shall have a valid and binding contract of professional indemnity …
When a claim of this kind is made against you, professional indemnity insurance can cover your legal costs and expenses, incurred while defending the claim. It can also cover compensation costs awarded to the client or third party, if you are found to be responsible. What doesn’t...
Insurance to protect your business In an increasingly litigious environment, you'll need professional indemnity insurance to protect your business against claims made by a third party as a result of an error, omission or negligent advice.
Professional Indemnity Professional Indemnity insurancefor architects, solicitors, accountants, and engineers. Our Products & Services Cover provided for businesses of all sizes Accountants' Professional Indemnity Insurance Professional Indemnity cover for accountants and accounting firms....
Professional Indemnity Insurance. (cover story)Discusses whether accounting firms' traditional professional indemnity insurance policies are suitable in the current economy. Insurance companies' concerns; Change in accountants' role; Technology exposure; Liability of trustees of a family trust; Research on ...
The Contractor shall extend to the Purchaser the benefit of the insurance cover under the Professional Indemnity Cover obtained by itself and/or its subcontractors for engineering and/or design of the Works and that such Professional Indemnity Cover shall be for a minimum assured amount of the equi...
A professional indemnity insurance policy is written on a claims-made basis, meaning that it will cover the events and claims made against you during its validation period. Work with your broker to ensure you get the right amount of coverage you need. If you don’t have a policy in place...
A large breach can cost astronomical amounts as we've just discussed. Any company can upgrade their insurance cover to higher limits of indemnity. We will always take into account that they have got Cyber Essentials so they get preferential rates because Cyber Essentials is shown ...