Architects, engineers and lawyers are just some of the occupations that are exposed to potential ‘professional liability’ claims in today’s business environment. Third parties can sue such professionals should they suffer a financial loss due to the wrongful acts of a company executive or a professional service provider. To protect their reputations and assets in the event of such legal action, many senior executives and professionals are taking up insurance cover against the potential burden of complex litigation, which can result in significant legal costs.
Access to specialised and quality legal representation to safeguard their and the Company’s interests is a vital part of Great Eastern Indonesia’s Professional Liability insurance. Drawing on our extensive global network and industry expertise, we provide personal risk management for corporations and professionals through a number of specialist products:
Professional Indemnity Insurance
Protects professionals against a wide range of potential actions arising from a breach of their professional duty in the conduct of their professional business practice.
Scope of Cover
- Out-of-court settlements
- Compensatory damages awarded by the court against the professionals
- Defence costs and expenses
Extensions
- Consultants, sub-contractors and agents
- Estates and representative
- Intellectual property
- Joint venture liability
- Defamation
- Loss of documents
- Outgoing principals
Additional Features
- Fraud and dishonesty
- Increased aggregate limit of indemnity
- Previous business
Brochure
Proposal Form
Claim Form
Product Summary (General Riplay)
Directors’ and Officers’ Insurance
Protects directors and officers against liability for wrongful acts during the course of their duties as company directors or officers.
Scope of Cover
- Out-of-court settlements
- Compensatory damages awarded by the court against the directors or officers
- Defence costs and expenses
- Costs of appointing legal expertise
- Advance payment of defence costs and expenses before the settlement of a claim
- Legal proceedings brought against any past, present and future directors and or officers for wrongful acts committed by them in the course of their duties (coverage is also provided for employees in a managerial or supervisory capacity)
- Costs for legally compellable attendance, investigation or enquiry into the affairs of the company
- Employee actions brought by fellow officers, directors and employees alleging employment practice errors such as unfair dismissal, unlawful discrimination or sexual harassment
- Cover for legal proceedings brought against directors and/or officers while sitting in external positions
- Cover can be provided for the company for security claims, employment-related matters and the cost of engaging a public relations consultant in prescribed events
Proposal Form
Claim Form
Associations Liability Insurance
Protects not-for-profit or charitable associations against legal liability, which it may incur through the conduct of its activities or in the provision of services.
Scope of Cover
- Out-of-court settlements
- Compensatory damages awarded by the court against directors, officers, secretaries, committee members (whether salaried or not) of an association
- Defence costs and expenses
- Costs of appointing legal expertise
- Civil proceedings
- Successful defence of criminal proceedings
- Unlawful default
- Breach of trust
- Breach of fiduciary duty or breach of warranty or authority
- Official investigations and inquiries
- Employee actions
- External positions
Automatic Extensions
- Additional notification period
- Advance payment of defence costs and expenses
- Intellectual property
- Loss of documents
- Spouse liability
- Official investigation and enquiries
- Committees
- Severability and non-imputation
- Estate and legal representatives
Optional Extensions
- Fraud and dishonesty
- Increased aggregate limit of indemnity
- Employment-related matters
- Educator liability
Brochure
Proposal Form
Product Summary (General Riplay)
Information & Communication Technology (ICT) Liability Insurance
Provides protection against legal liability arising from their negligent acts, errors or omissions incurred from the failure of their products, services and/or advice.
Scope of Cover
- Errors and omissions
- Personal injury and property damage
- Compensatory damages awarded by the court against the professionals
- Defence costs and expenses
Extensions
- Consultants, sub-contractors and agents
- Defence costs for breach of contract
- Fraud and dishonesty
- Intellectual property
- Joint venture liability
- Defamation
- Loss of data
- Outgoing principals
- Unauthorised access
Optional Extensions
- Increased aggregate limit of indemnity
- Licensee intellectual property rights
Brochure
Singapore
Malaysia
Indonesia
