Your wealth creation and preservation partner

Hirani, Parklands Road, Nairobi. P.O Box 467- 00623 Nairobi

+254 722 710 004//+254 781 678 916

Office Time : Monday to Friday
09:00 - 20:00

Professional Indemnity

Professional indemnity insurance is a form of liability insurance which helps protect professionals from legal liability that may arise due to acts of negligence, error or omission in the rendering of or failure to render professional services for others in the insured’s capacity as a professional

Why Professional Indemnity

This is because it provides protection for:

  • Breach of professional duty.
  • Cost of legal defense.
  • Cost of judgement/awards in a civil court.
  • Defamation.
  • Loss of documents.
  • Breach of confidentiality.
  • Dishonesty of employees.
  • Disciplinary hearing.

General Exclusions

  • If you are under the influence of drugs or alcohol whilst rendering the service.
  • Any criminal activity, violation of law and fraud.
  • Any situation that is caused by or associated with AIDS.
  • Nuclear perils and any war activities.
  • The financial loss you bear like loss of goodwill or market.
  • Deliberate or willful noncompliance of the statutory regulations.
  • Infringement of trademark, registered design, patent, trade name, plans, copyright.
  • Usually a liability, insurance policy covers civil liability claims. In case the claims arise out of any violation of law or criminal activity.
  • Legal liabilities that arise out of any personal injury like wrongful eviction, defamation, libel wrongful detention, slander or forceful arrest.

Who needs the cover?

Any person who gives advice, designs or provides similar Services and presents him/herself as a professional to the client.

Accountants, financial consultants, surveyors, engineers and healthcare professionals are all likely to need professional indemnity insurance due to requirements set by their respective industry bodies. Likewise, contractors who provide services to a certain industry – such as the energy sector – are likely to need mandatory cover.