Reliance General Professional Indemnity Insurance

This policy provides a targeted solution for Indian professionals who are exposed to service-related legal risks. The key features ensure both adaptability and compliance:

• Profession-Specific Design: The policy is tailored for a range of professionals. It caters to individuals and institutions engaged in specialised fields, such as medicine, law, engineering, architecture, accountancy, and consultancy. This custom approach ensures that the coverage is relevant to your daily operations and risk exposures.
• Comprehensive Legal Liability Cover: The core of this policy lies in protecting you from financial liability due to claims of professional negligence. It covers loss or damage suffered by a third party arising from a mistake or oversight in your services. This includes situations where you, your employees or your predecessors have contributed to such a breach of professional duty.
• Legal Expenses Protection: Apart from compensating the claimant, the policy also covers legal defence costs, court expenses, and other litigation-related fees. However, these costs are covered only if prior written consent is obtained from Reliance General Insurance. This feature relieves you from the financial pressure of defending yourself in court.
• Simple and Accessible Documentation: You don’t need to manage piles of paperwork or face complex compliance checks to get started. The onboarding process is designed to be seamless, with all essential policy documentation laid out and easy to interpret.
• Mid-Term Adjustment Flexibility: You have the option to increase or decrease the sum insured during the policy term. This is especially useful if your service volume grows or if the nature of your business changes, allowing you to maintain appropriate coverage levels throughout the year.
• Pan-India Validity Under Indian Law: The policy is valid throughout India and operates in accordance with Indian law. This ensures local legal compatibility and facilitates ease of execution in the event of disputes or litigation.

Reliance Professional Indemnity Insurance Inclusions

The policy covers multiple risk scenarios that can arise during professional service delivery. These inclusions form the basis of the protection you receive:

1. Liability for Bodily Injury or Death

If a third party suffers physical harm or fatal injury because of an act of negligence or error in your service, the policy covers your legal liability. This inclusion applies not just to your actions but also to those of:

• Your employees
• Predecessors in the business (if covered)
• Any person employed by them while providing the professional service

This ensures that all relevant contributors to a service are considered under the insurance umbrella.

2. Defence Costs and Legal Expenses

Defending a claim can be more expensive than the actual compensation being demanded. This policy covers:

• Defence costs
• Court fees
• Associated legal expenses

Reliance General Professional Indemnity Insurance Exclusions

Like any insurance product, this policy has a defined scope. You should be aware of what is not covered:

• Criminal Acts and Legal Violations: If a claim arises from a wilful criminal act or breach of law, the insurer is not liable to compensate. This protects the insurer from being drawn into illegal or unethical conduct.
• Services Under the Influence of Substances: If the professional service was rendered while under the influence of drugs or alcohol, the claim will not be honoured. This reinforces the expectation of professional accountability.
• Public Liability Not Linked to Professional Duty: Claims arising from general public liability incidents are excluded unless they directly relate to the performance of a professional service.
• Personal Injury-Related Claims: Allegations such as libel, slander, defamation, wrongful eviction or wrongful detention are not covered. These fall under a different category of legal liability.
• Intellectual Property Infringements: The policy does not cover liability arising from infringement of:
• Copyrights
• Patents
• Trademarks

Reliance Professional Indemnity Insurance Claim Process

When you face a legal claim, it’s critical to act quickly and correctly. The process with Reliance General Insurance is straightforward:

1. Notify the Insurer: As soon as you are made aware of a potential claim, notify the insurer without delay. Early reporting improves your chances of a successful settlement.
2. Submit Documentation: Complete the claim form and submit supporting documents such as legal notices, correspondence with the client, and details of the service provided.
3. Assessment: Reliance General Insurance may appoint a surveyor or legal expert to evaluate the claim. They will verify if the incident qualifies under the terms of your policy.
4. Cooperate and Respond: You are expected to cooperate with the insurer and provide all requested information. This includes assisting the insurer’s legal team, if necessary.
5. Final Decision and Payout: Once the claim is verified and liability is confirmed, Reliance will approve the claim and release the payout. If the claim is denied, the reasons will be communicated to you clearly.

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