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Professional Indemnity insurance
product overviewSuch professional liability is not usually covered by a general liability insurance policy, instead a more specific insurance such as Professional Indemnity insurance would have the right coverage to protect your business against these professional liability claims.
Professional Indemnity insurance may also be required by regulation such as Decree No. 119/2015/ND-CP and Circular No. 329/2016/TT-BTC, or by the terms of your professional service contract.
With Tokio Marine Group’s expertise and strong capacity in financial line products, TMIV is able to provide the most appropriate Professional Indemnity insurance cover for your professional services including architecture, construction, engineering, IT & Telecommunications and so many more.
TMIV as the Insurer will pay all loss, including Damages and Defence Costs resulting from any Claim against the Insured for a civil liability arising from an Insured’s Professional Services.
- Fraud and Dishonesty
- Loss of Documents
- Mitigation costs
- Vicarious Liability
- And others depending on your professional service
Main exclusions in Professional Indemnity insurance are:
- Uninsurable risks: war, terrorism, nuclear, asbestos…
- Risks that require other insurance: Director & Officer’s liability, Employer’s liability, Pollution
- Contractual liability
Specific exclusions are mentioned in your policy.