Professional Indemnity and Director's & Officer's Liability Claims
Professional Indemnity and Directors & Officers Liability policies are written on a "claims made" basis. It is a condition that:
- all claims made against you, by way of writ, summons, or legal notice or
- any circumstance or incident which comes to your attention which may give rise to a claim at a later date must be notified to the insurer immediately you become aware of them.
If the insurer is not notified during the policy period, you become aware of the incident or claim, you may not have cover for any future claim arising out of the incident or circumstance.
A claim is any indication you receive from someone either verbally or in writing that they are unhappy is any indication you receive from someone either verbally or in writing that they are unhappy & hold you responsible for the consequences.
A claim circumstance is anything that you become aware of which could give rise to someone making a claim against you.
You should contact us as soon as you become aware of a claim or potential claim or circumstance prior to providing written confirmation.
* Insurers may request further information depending upon the circumstances or your claim