Professional Indemnity(专业弥偿)
Insurans Indemniti Profesional
Introduction
A person or an organization who specializes in particular skills and professes to exercise those skills in the affairs of others is bound to exercise the care and skill of ordinary competent practitioners in that profession. Failure to do so may result in a liability claim or lawsuit alleging a breach of professional duty. Professional Indemnity policy (PI) provides indemnity against such potential professional liability exposure. Our Principal Insurer offers PI to a wide range of professions such as lawyers, accountants, architects, engineers, surveyors, general medical practitioners, opticians, estate agents, IT consultants and etc.
As liability is intangible in nature, a professional proposer would have to choose the limit of indemnity (sum insured) as he deems appropriate and necessary.
Seseorang atau organisasi yang pakar dalam kemahiran tertentu dan mengaku melaksanakan kemahiran tersebut dalam hal ehwal orang lain terikat untuk menjalankan penjagaan dan kemahiran pengamal biasa yang cekap dalam profesion itu. Kegagalan berbuat demikian boleh mengakibatkan tuntutan liabiliti atau tuntutan mahkamah yang mendakwa pelanggaran kewajipan profesional. Polisi Indemniti Profesional (PI) menyediakan indemniti terhadap pendedahan liabiliti profesional yang berpotensi sedemikian. Penanggung Insurans Utama kami menawarkan PI kepada pelbagai jenis profesion seperti peguam, akauntan, arkitek, jurutera, juruukur, pengamal perubatan am, pakar optik, ejen harta tanah, perunding IT dan lain-lain.
Memandangkan liabiliti bersifat tidak ketara, pencadang profesional perlu memilih had indemniti (jumlah diinsuranskan) yang difikirkannya sesuai dan perlu.
Professional liability vs. E&O vs. malpractice insurance
Many industries use the terms “E&O insurance” and “professional liability insurance” interchangeably. You may also hear these policies called “malpractice insurance.”
Common industry names for this policy include:
Professional liability insurance for architects, accountants, and consultants
E&O insurance in the real estate and IT sectors
Malpractice insurance in the medical and legal professions
No matter the name, this coverage protects you from lawsuits if you make a work mistake, fail to complete a project, miss a deadline, or are accused of professional negligence.
Features & Benefits
Broad civil liability coverage
Continues cover if continuously insured with the principal insurer
Covers vicarious liability for consultants, contractors, subcontractors, and agents
Covers loss of documents
Legal representation at inquiries
Liability arising from participation in joint ventures and more
Regional or global programs
High coverage limits
Jurisdiction: Malaysia/Worldwide(optional)
Ciri & Faedah
Perlindungan liabiliti sivil yang luas
Meneruskan perlindungan jika terus diinsuranskan dengan penanggung insurans utama
Meliputi liabiliti wakil untuk perunding, kontraktor, subkontraktor dan ejen
Menutup fitnah
Meliputi pelanggaran harta intelek
Melindungi kehilangan dokumen
Perwakilan undang-undang semasa pertanyaan
Liabiliti yang timbul daripada penyertaan dalam usaha sama dan banyak lagi
Program serantau atau global
Had liputan yang tinggi
Bidang kuasa: Malaysia/Seluruh Dunia (pilihan)
Others Industry/Professional
Accountants
Architects and engineers
Call centers and business process outsourcing
Computer and information technology professionals
Interior designers
Lawyers and barristers
Management consultants
Marketing agents
Others Industry/Professional
Media
Mediators and councilors
Project and construction managers
Property managers
Public relations
Real estate agents
Recruitment and staffing
School and educators
Single projects
Single Contract Professional Indemnity
In the fast pace, highly litigated, demanding business environment, the awareness of principals' business for liability may hold project consultants' responsibility as a pre-requisite for projects awarded under the contract.
Principal/Project developers are demanding a separate PI limit that is deemed fit (standalone policy) for the project risk apart from statutory professional requirements for professional indemnity limit of coverage in force for awarded project consultants, contractors, and professionals. The project bidding consultant/contractor might carry an existing PI with a desirable limit but the condition set by the principal should be observed or re-negotiated in the PI contract terms to accommodate the insured existing PI policy limit as sufficient to honor the contract condition and compliance after completion of work/project.
Di pentas perniagaan yang pantas, litigasi yang hangat, menuntut, kesedaran prinsipal tentang liabiliti perniagaan mungkin memegang tanggungjawab perunding projek sebagai pra-syarat untuk projek yang diberikan di bawah kontrak.
Pengetua/Pemaju Projek menuntut had PI berasingan yang dianggap sesuai (dasar kendiri) untuk risiko projek selain daripada keperluan profesional berkanun untuk had perlindungan profesional indemniti yang berkuat kuasa untuk perunding projek yang diberikan, kontraktor dan profesional. Perunding/kontraktor pembidaan projek mungkin membawa PI sedia ada dengan had yang diingini tetapi syarat yang ditetapkan oleh prinsipal harus dipatuhi atau dirundingkan semula dalam terma kontrak PI untuk menampung had polisi PI sedia ada yang diinsuranskan sebagai mencukupi untuk memenuhi syarat kontrak dan pematuhan selepas siap kerja/projek.
Glossary, Provisions, Warranties - Professional Indemnity
Jurisdiction- The practice of law applicable to the jurisdiction that is confined to the country where a legal claim to be made on the policy can be exercised. Eg:
1. Condition 6.4 (Jurisdictional Limits) is deleted and replaced by: 6.4 Jurisdictional Limits Coverage extends only to Claims: (a) involving the application of the law of Malaysia; or (b) brought in a court of law in Malaysia.
2. This Policy does not apply to any Claim arising out of the enforcement of any judgement, order or award made in any court of law outside Malaysia.
Shrinking Limits Defense Provision(IRMI) USA — a provision found in most professional liability insurance policies providing that the expenditure of defense costs associated with a claim reduces policy limits. This approach contrasts with that used in commercial general liability (CGL) policies, in which defense costs are paid in addition to policy limits. (Shrinking limits provisions are also known as defense within limits provisions.) Accordingly, limits under professional liability policies must be selected so that they will be adequate to cover not only projected settlement/indemnity costs but expected defense expenses as well.
Glosari, Peruntukan, Waranti - Tanggung Rugi Profesional
Bidang kuasa- Amalan undang-undang yang terpakai kepada bidang kuasa yang terhad kepada negara di mana tuntutan undang-undang yang akan dibuat ke atas dasar boleh dilaksanakan. Contoh:
1. Syarat 6.4 (Had Bidang Kuasa) dipadamkan dan digantikan dengan: 6.4 Had Bidang Kuasa Perlindungan hanya meliputi Tuntutan: (a) melibatkan pemakaian undang-undang Malaysia; atau (b) dibawa ke mahkamah undang-undang di Malaysia.
2. Polisi ini tidak terpakai kepada mana-mana Tuntutan yang timbul daripada penguatkuasaan mana-mana penghakiman, perintah atau award yang dibuat di mana-mana mahkamah undang-undang di luar Malaysia.
Had Pengecutan Peruntukan Pertahanan(IRMI) USA — peruntukan yang terdapat dalam kebanyakan polisi insurans liabiliti profesional dengan syarat bahawa perbelanjaan kos pembelaan yang berkaitan dengan tuntutan mengurangkan had polisi. Pendekatan ini berbeza dengan yang digunakan dalam liabiliti am komersial (CGL dalam) polisi yang, Kos pertahanan dibayar sebagai tambahan kepada had polisi.(Peruntukan had mengecut juga dikenali sebagai peruntukan pertahanan dalam had.) Sehubungan itu, had di bawah polisi liabiliti profesional mesti dipilih supaya ia mencukupi untuk menampung tetapi bukan sahaja projek dan emnettlement/ dijangka perbelanjaan pertahanan juga.
Data Protection
In line with the Personal Data Protection Act 2010 (“PDPA”), we are required to inform you that the personal data you have provided to us or that is subsequently obtained by us from time to time (“Personal Data”), may be processed for the purpose of processing your insurance application/proposal, provision of insurance related products or services or any addition, alteration, variation, cancellation, renewal or reinstatement thereof, performing statistical/actuarial research or data study, promoting products and services and other related purposes (collectively, “Purpose”). The Personal Data is obtained when you fill up documents; liaise with us or our representatives; or give it to us or our representatives in person, over the telephone, through websites or from third parties you have consented to. Although you are not obliged to provide us with your Personal Data, we will not be able to process your application for insurance cover or process your claim if you fail to provide all requested information. Your Personal Data may be disclosed to our related company or any other company carrying on insurance or reinsurance related business, an intermediary, or a claims, investigation or other service provider and to any association, federation or similar organisation of insurance companies that exists or is formed from time to time for the Purpose or to fulfil some legal or regulatory function or is reasonably required in the interest of the insurance industry. In such instances, it will be done in compliance with the PDPA. We may also disclose your Personal Data where such disclosure is required under the law, court orders or pursuant to guidelines issued by regulatory or other relevant authorities, if we reasonably believe that we have a lawful right to disclose your Personal Data to any third party or that we would have had your consent for such disclosure if you had known of the same, and/or if the disclosure is in the public interest. Your Personal Data may also be transferred to our related companies and third party providers, which may be located outside Malaysia for the Purpose. In the event that we use external service providers, specific security and confidentiality safeguards have been put in place to ensure your privacy rights remain unaffected. Where you have given us personal data that is of another individual (“Data Subject”), you must ensure that you have informed the Data Subject that you are providing the Data Subject's personal data to us, and have gotten the Data Subject's consent to do so. You must explain what is stated here to the Data Subject, and ensure he/she understands, agrees and authorises us to deal with his/her personal data according to what is stated here. You may make inquiries, complaints, request for access to or correction of your Personal Data, or limit the processing of your Personal Data at any time hereafter by submitting such request to us at By continuing to deal with us, you understand, agree and consent to the terms above with respect to the processing of your Personal Data. The Bahasa Malaysia version of this Personal Data Protection Notice can be found in our website at -----------------------------------------------..
Incident Report Form - Professional Indemnity
The type of Professional Liability/Indemnity policies that we provide is on a claim-made basis. Notifying the insurance company and us of an event that may lead to a claim is important to make sure of compliance with the policy claim notification requirement.
Borang Laporan Insiden - Tanggung Rugi Profesional
Jenis polisi Liabiliti/Indemniti Profesional yang kami sediakan adalah berdasarkan tuntutan. Memaklumi syarikat insurans dan kami tentang peristiwa yang mungkin membawa kepada tuntutan adalah penting untuk memastikan pematuhan dengan keperluan pemberitahuan tuntutan polisi.