Call Us On: +971 2 622 1427

Securing the Unknown

A&F Home

Professional Indemnity

The policy covers the monetary amounts, including defense costs, the Insured is liable to pay to a third party following an action brought against him for any of the following:
  • Negligent Act
  • Negligent Error
  • Negligent Omission
  • Negligent Breach of Trust
  • Negligent Breach of Professional Duty
  • Negligent Misrepresentation

The Professional Indemnity Coverage is:
  • On a claims Made Basis.
  • Claims have to be brought against the assured during the period of the policy.
  • The Acts to which the claim is related must be on or after the Retroactive Date.
  • Covers any claim related to any circumstances known to the assured and advised to insurers during the policy period.

This Policy can be extended to include:
  • Loss of documents
  • Libel, Slander, Defamation
  • Unfair competition
  • Unintentional Breach of confidentiality
  • Unintentional Breach of copyright or patent infringement
  • Misstatement or misrepresentation
  • Employers Practice Liability
  • Dishonesty of employees

Further, the Policy will not cover:
  • Any incidents or circumstances known to the Insured at the inception of the Policy
  • Any Wrongful Act, Error or Omission that took place prior to the Retroactive Date.
  • Any Dishonest, fraudulent or malicious acts
  • Contractual Liability unless attached in the absence of the contract.
  • Liability for bodily injury or property damage
  • Fines, Penalties, Punitive or Exemplary Damages
  • Liability to shareholders
  • Liability for financial risks (i.e. Depreciation in investments.)
  • Liability in respect of seepage and pollution et al Claimants
  • The above Principle of coverage/Indemnity applies to other classes of PI policies as well



Return to Insurance Types »