Professional Insurance
Professional Liability offers protection from Claims arising
from negligent acts, errors or omissions on the part of a
professional in the performance of a service to a third party.
Evidence of negligence does not automatically establish a
liability. It is the breach of duty, which can expose the
professional to financial liability.
Types of professionals who require this coverage include:
- Lawyers
- Doctors
- Engineers
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- Arbitrators & Mediators
- Architects
- Human Rights Investigators
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Exposure can persist beyond the service provided. For
example, a professional will be equally liable for the negligence
of any person they employ while acting in a professional capacity.
Your coverage with this policy is triggered when a Claim is made
rather than when damage occurred. So, it is important that no gap
in coverage occurs.
Directors & Officers Liability
A Director or an Officer can be held
personally liable for such Claims as:
- Wrongful dismissal
- Discrimination
- Enforcement of association or
government regulations
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- Breach of fiduciary duties
- Providing advise to members
- Uncollected withholding taxes
- Inadequate training of volunteers
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The law places a standard of care on Directors and Officers
of a corporation or institution to:
- perform their duties in good faith and in a manner they
reasonably believe to be in the best interest of the
corporation.
- not engage in personal activities to the detriment of the
corporation.
- not use their position to further their private
interests.
For more information,
contact us.
