Tag: professionalindemnity
Professional indemnity ruling – the cost of late notification
The Plaintiffs operated restaurant businesses and appointed the defendant as their insurance broker. The defendant's mandate required it to procure commercial insurance on the Plaintiffs' behalf. On 4 June 2019, the defendant obtained policies from Renasa Insurance Company Ltd. However, these policies did not include an extended business interruption clause covering losses arising from infectious disease outbreaks.
Professional indemnity matters – engineering’s quiet enabler
Smarter underwriting, stronger risk management and closer collaboration between insurers and engineers are shaping the industry’s future. Engineering has always been about progress. It stretches the limits of knowledge, materials and technology to solve complex problems. However, innovation and risk remain inseparable. Every project carries uncertainty.
