| There can be NO legal liability for
professional negligence unless there
has been a BREACH OF DUTY OF CARE owned
to certain people or organisation.
The duty of care may arise in CONTRACT,
in TORT or by reason of STATUTE and
may be owned by the professional to
a client or to a Third Party.
The duty of a professional depends
very much on what the professional
is employed to do. As the standard
of reasonable care and skill is that
of the ordinary professional exercising
and professing to have the special
skill of the particular profession,
the law does not grant any dispensation
to beginners. They are presumed to
have the amount of experience which
the assignment in question objectively
demands.
Profession covered includes; Lawyers,
architects, engineers, surveyors &
accountants
| |
PROFESSIONS
COVERED INCLUDE |
The policy indemnify the
insured against loss which the
Insured is legally liable to
pay by reason of any claim first
made against the Insured and
notified in writing to the insurer
during the policy period for
a breach of duty by reason of
any wrongful professional act
committed or allegedly committed
by the insured on or after the
retroactive date and solely
in providing professional services
arising out of the insured’s
business activities.
|
|
