Professional Liability

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Professional Liability

Protect your company and your executives

In an environment of increasing personal responsibility and accountability, professional liability insurance is an essential component of risk management. It provides your company and your executives with cover against legal liabilities, the threat of litigation and any potential financial damages.

With Professional Liability insurance from King Wai Insurance, you will be secure in the knowledge that your potential professional liability exposures are covered. We help minimise liability risks for businesses and professionals across a broad range of industries.

This cover protects senior executives against the risk of liability arising from their duties.

Scope of Cover

  • Out-of-court settlements
  • Compensatory damages awarded by the court against directors and officers
  • Defence costs and expenses
  • Advance payment of defence costs and expenses
  • 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

Optional Extensions

  • Cover for legal proceedings brought against directors and/or officers while sitting on 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

This cover protects professionals against a wide range of potential actions arising from breaches of professional duty.

Scope of Cover

  • Out-of-court settlements
  • Compensatory damages awarded by the court against the professionals
  • Defence costs and expenses
  • Breach of confidentiality
  • Contractual liability (Tort liability)
  • Defamation
  • Infringement of intellectual property rights
  • Joint-venture liability
  • Loss of documents
  • Trade practices and related legislation
  • Vicarious liability

Automatic Extensions

  • Compensation for court attendance
  • Continuous cover
  • Contractors and consultants
  • Extended reporting period
  • Intentional acts
  • Newly created subsidiaries
  • Official investigation and enquiry costs and expenses
  • Public relations expenses
  • Replacement documents costs
  • Takeovers

Optional Extensions

  • Automatic reinstatement
  • Previous business

To obtain more information about this product, please contact us or ask your insurance agent or broker.

Important Notice: The above only serves as a general description of our products and services. For full product details and coverage, please check with your local insurance broker or a King Wai Insurance authorised agent.

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If you are an insurance agent or broker, we encourage you to offer King Wai Insurance products and expertise to benefit your clients. We invite you to contact us to see how we can work together – call today for an informal discussion.