Raheja QBE Professional Indemnity Insurance

Features of Raheja QBE Professional Indemnity Insurance

The key features of Raheja QBE Professional Indemnity Insurance include:

• Protection against professional liability: Covers legal liability arising from breaches of professional duty.
• Comprehensive legal protection: Covers legal defence costs, settlements, and compensatory damages.
• Automatic policy extensions: Includes several extensions without additional premium, such as loss of documents, libel and slander, consultants and sub-contractors, and intellectual property.
• Optional extensions: Offers additional protection for fraud and dishonesty, previous business, and increased aggregate limits upon payment of additional premium.
• Wide professional coverage: Suitable for professionals across engineering, finance, IT, consulting, legal, accounting, education, recruitment, and other sectors.

Raheja QBE Professional Indemnity Insurance: Inclusions

The policy protects the following liabilities:

• Professional Liability: Covers legal liability arising from a breach of professional duty while rendering professional services.
• Settlements and Damages: Covers compensatory damages awarded against the insured and settlements made in accordance with the policy terms.
• Legal Defence Costs: Covers legal costs and expenses incurred in defending covered legal actions.
• Automatic Policy Extensions: Includes cover for libel and slander, loss of documents, consultants and sub-contractors, joint venture liability, estates and legal representatives, outgoing principals, intellectual property, and newly created or acquired entities or subsidiaries.
• Optional Covers: Additional protection is available for fraud and dishonesty, previous business, and increased aggregate limits on payment of an additional premium.

Disclaimer: This is not a complete list of inclusions. Please refer to the policy wording for complete coverage details.

Raheja QBE Professional Indemnity Insurance: Exclusions

The policy does not cover:

• Prior or pending claims and known circumstances.
• Fraud, dishonesty, or liabilities arising from assumed duties or obligations.
• Fines, penalties, or liabilities arising from the supply of goods.
• Claims resulting from war, terrorism, nuclear risks, asbestos, or mould.
• Bodily injury, property damage, antitrust matters, or loss of revenue.

Disclaimer: Please refer to the policy wording for the complete list of exclusions.

Raheja QBE Professional Indemnity Insurance: Claim Process

If an event occurs that may give rise to a claim:

• Notify Raheja QBE as soon as possible through the call centre, email, website, or the nearest office.
• Provide all information and documents required for claim assessment.
• Take reasonable precautions to prevent any further loss or damage.
• Do not negotiate, admit liability, repudiate, or settle any claim without the insurer's consent.
• Cooperate fully with the insurer throughout the investigation and claim settlement process.