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Professional Indemnity Insurance

  • 1. Product Overview

    It is an insurance policy that compensates for legal damages to a 3rd party caused by a breach of the obligation of the insured in connection with the professional work.


    - What is a breach of duty?

    Negligence, carelessness, mistakes, omissions, etc. that occurred during the professional work, etc.

    - Professional work examples - Design/presiding, IT specialists, real estate management, media, various outsourcing, educational institutions, Asset Management, etc.

  • 2. Company Who needs this policy
    Past, present and future employees of the insured company, and the insured company itself.
  • 3. The main covered Risk

    - Liability for damages to 3rd parties of the insured company arising from the violation of the duties of the employees of the insured company during the professional work described in the securities

    - Liability for damages to 3rd parties of the insured company arising from the violation of the duties of the professional work described in the securities by the subcontractor of the insured company

    - Liability for damages caused by defamation and infringement of intellectual property rights incurred during the professional work described in the insurance policy (when additional of Special Clause)

  • 4. Major compensated damages

    - Compensation for damages, arbitration, conciliation or conciliation under the law

    - Legal Expenses: Litigation fees, attorneys' fees, consultation fees, etc.

  • 5. Main Exclusion

    - Cheating, fraud, malicious, and criminal activity

    - violates an employee's obligations to the employee from or in the course of the employee's employment;

    - Contractually weighted liability

    - Natural disasters

    - Contamination, radioactivity, asbestos-related damages

    - War and Terrorism