A Directors and officers liability insurance provides cover for past, present and future directors, offices, prescribed offices, and employees acting in a managerial or supervisory capacity covering:

• Awards
• Legal defence costs 
• Investigation costs

Following an allegation of a wrongful act, including (but not limited to):

• error
• Misstatement 
• Act/omission
• Negligence 
• Breath of duty

Bought about by:

• shareholders
• Stakeholders 
• Trade unions 
• Government 
• Creditors
• Competitors
• Suppliers 

The policy also covers the company:

•  when it indemnified a director or officer
• For securities litigation 

Professional indemnity Insurance is a specialized liability product for professionals who provide specialized advice and /or services to their clients. 

Such advice and / or services must be exercised with a degree of care and skill which is reasonably expected of such professional in their particular profession.

If the advice or service given by a professional to their client is deemed to be negligent, that professional could be held Legally liable for the consequences thereof and having a professional indemnity policy in place will provide financial assistance in defending claims and damages of such claims and allegations.

A professional indemnity policy provides cover for the following:

• Negligent acts
• Negligent errors
• Negligent omissions
• Negligent breach of contract 
• Defence costs

Examples of Professionals who should acquire this cover are as follows:

• Accountants
• Architects
• Engineers
• Attorneys
• Insurance brokers 
• Surveyors
• Motor dealers 

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