Indemnity insurance

Indemnity - Wikipedia

Indemnity Indemnity is a contractual obligation of one party (indemnifier) to compensate the loss occurred to the other party (indemnity holder) due to the act of the indemnitor or any other party. The duty to indemnify is usually, but not always, coextensive with the contractual duty to "hold harmless" or "save harmless". In contrast, a guarantee is an obligation of one party assuring the other party that guarantor will perform the promise of the third party if it defaults. Indemnities form the basis of many insurance contracts; for example, a car owner may purchase different kinds of insurance as an indemnity for various kinds of loss arising from operation of the car, such as damage to...

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Medisec Ireland. Providing GPs with Medical Indemnity Insurance Cover.. Medical Indemnity Insurance Cover

Our medical indemnity insurance is underwritten by one of the world’s largest insurers, Allianz p.l.c., offering you comprehensive cover and peace of mind. Professional Indemnity Insurance underwritten by Allianz p.l.c. The following summary is intended as a guide only and you are referred to the Allianz Policy Terms and Conditions for full details of cover. Medisec arranges protection for professional negligence through a specially negotiated scheme for professional indemnity insurance with one of the world’s leading health care insurers – Allianz p.l.c. The cover provides indemnity in respect of the legal liability arising from the medical advice and treatment normally...

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What is professional indemnity insurance?

Professional indemnity insurance protects you against claims of professional negligence made by dissatisfied customers. These could be complaints that you have offered poor advice, or made a mistake in your service which impacts your client. Professional indemnity insurance can also protect against claims for loss of documents or client data, defamation or libel, and unintentional breaches of contract, copyright or confidentiality. Professional indemnity insurance is important for most people in business in Dubai and the wider UAE, but it is vital for those that provide advice for a living. Should a customer allege that you have provided inadequate or inaccurate advice as part of your...

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Protect Your Business With Professional Indemnity Insurance - Khaleej Times

No longer a last resort, legal action is increasingly the immediate recourse for clients believing that they have incurred financial loss as a result of advice or services received from fee-charging advisers. We all make mistakes in life, including in our business operations. The difference between making a mistake in your personal life and making one in during the course of running your business is that you could be sued for vast amounts of money through 
 business mistakes. Any professional person providing advice, design, specifications, supervision etc, whether this be for a fee or gratuitously, owes a duty of care to their client, and third parties. The duty of care owed is...

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Professional Indemnity Insurance - Mark Cannon QC, Brendan McGurk - Oxford University Press

We use cookies to enhance your experience on our website. By continuing to use our website, you are agreeing to our use of cookies. You can change your cookie settings at any time. Find out more Description This authoritative and practical guide provides a thorough account of the law and practice of professional indemnity insurance. Topics examined include the basis of cover, entering the contract, block notification of claims, aggregation, and the exclusion of cover for fraud and dishonesty. The book also considers the standard terms and policy wordings involved in claims policies and the associated issues that can arise in practice. In addition to providing analysis of English case law,...

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Indemnity insurance on property -

Indemnity insurance on property Indemnity insurance on property If your house sale is being held up by problems with the planning permission or other legal issues, title indemnity insurance may allow the transaction to complete. When you’re buying a house and applying for a mortgage, the conveyancing process can sometimes throw up all sorts of surprises. Some of these might seem like insignificant issues to both the buyer and the seller, but they can throw a real spanner in the works when it comes to persuading the mortgage lender to release the funds. Indemnity insurance - sometimes called legal indemnity insurance, or title indemnity insurance - can come to the rescue in such cases,...

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Indemnity insurance - We’ve got you covered

The INMO’s Medical Malpractice Scheme is there to protect you and your family’s assets in the event of a claim against you The INMO maintains a medical malpractice insurance programme for the benefit of all members. State-employed nurses and midwives are protected by the Clinical Indemnity Scheme on all medical malpractice matters. However, the INMO Medical Malpractice Scheme is there to protect members who are self-employed or employed outside the State sector. Additionally, all INMO members have the benefit of a defence should they be called to a Fitness to Practise hearing by An Bord Altranais. In respect of medical malpractice cover, INMO members fall into three main categories: A...

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Professional indemnity Insurance explained, CGU Insurance

Professional Indemnity Insurance is an important type of cover for a business, however it is particularly relevant to those in professions which provide advice for a living. A professional can be anyone who "provides advice or services of a skillful character according to an established discipline". A claim for compensation as a result of incorrect professional advice or services, whether your business is big or small, can set back your business severely. Defining Professional Indemnity Insurance Professional Indemnity Insurance covers against claims for liabilities owed to a third party (typically a client of the insured) for the loss suffered by the third party arising out of the insured...

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Indemnity Insurance

What is 'Indemnity Insurance' Indemnity insurance is a contractual agreement in which one party guarantees compensation for actual or potential losses or damages sustained by another party. Most commonly, it is an insurance policy designed to protect professionals and business owners when found to be at fault for a specific event such as misjudgment. Typical examples of indemnity insurance include professional insurance policies like malpractice insurance and errors and omissions insurance. These special insurance policies indemnify or reimburse professionals against claims made as they conduct their business. BREAKING DOWN 'Indemnity Insurance' Indemnity insurance, also referred to as...

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