This Insurance cover is designed to provide indemnity to a professional man against his legal liabilities towards third parties for bodily injury, loss or damage arising from his own professional negligence or that of his employees and their predecessors’ in business occurring during the period of insurance within the territorial limit. This liability normally arises from breach of contract. A very important implied term in the contract for services between a professional man and his client is that reasonable care and skill will be exercised in the services rendered but where this does not happen definitely there is a cause for concern on the part of the aggrieved party. If you are in the business of selling your knowledge or skills, you may want to consider taking Professional Indemnity (PI) Insurance.

This is a form of protection for the insured against legal liabilities that may arise by reason of any neglect, error or omission committed in a professional capacity by the person insured or by any partner, director, person who may be in the insured’s employment.

Many professions are required to have PI insurance cover as a regulatory requirement or as part of their professional authorization. These include doctors, engineers, solicitors, accountants, architects, insurance brokers and financial advisers. The policy covers all costs and legal charges and expenses required to prosecute the cases brought against Professionals in the course of discharging their professional duties.

Example

Aviva has been a pioneer in professional/career loss/damages for professional in Nigeria. We are the first to offer individual/professional a Sum Insured Limit of NRN 1Million. We are associated with leading professional associations in Nigeria and operate a highly successful Loss of License program insuring more than 1100 individual pilots across the country. Our aim is to deliver the best possible service to our aviation clients and to provide innovative insurance packages at low cost, without compromising the coverage or quality of the Insurer.

Products and Services

• Legal costs
• Financial loss
• Your profession
• Negligence or breach of duty or care.