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
|
- Arbitrators & Mediators
- Architects
- Human Rights Investigators
|
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
|
- Breach of fiduciary duties
- Providing advise to members
- Uncollected withholding taxes
- Inadequate training of volunteers
|
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.
