This policy covers all costs and expenses relating to claims resulting from advices you offer on a daily basis as a professional in a specialised field, such as a doctor, a lawyer or a psychiatrist, architects, engineers, and accountants/auditors etc. Sometimes, the advice you give may have unintended negative consequences for a third party – whether it’s a client, a colleague, or a professional board of which you’re a member. If this is the case, you could face legal action against you, and therefore this cover is intended to respond to such claim(s).
The cover provides a cushion to professionals who become legally liable as a direct result of any negligent act, error or omission made by an individual during the performance of his duties as a professional.