Professional Indemnity
Professional Indemnity policy, indemnifies the insured for any sum or sums which the assured may become legally liable to pay arising from any negligent acts, errors or omissions occurring during the period of insurance specified as a direct result of the professional conduct of their business, by the assured or any partner or any person employed by the assured.
Furthermore Activa will also indemnify the insured against:
- All cost and expenses of litigation recovered by any claimant from the insured
- All cost and expenses of litigation incurred with the written consent of the Company
The amount payable is limited to the aggregate limit as may be agreed upon at the inception of the policy.
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PROFESSIONAL INDEMNITY
Professional Indemnity policy, indemnifies the insured for any sum or sums which the assured may become legally liable to pay arising from any negligent acts, errors or omissions occurring during the period of insurance specified as a direct result of the professional conduct of their business, by the assured or any partner or any person employed by the assured. Furthermore Activa will also indemnify the insured against: All cost and expenses of litigation recovered by any claimant from the insured All cost and expenses of litigation incurred with the written consent of the Company The amount payable is limited to the aggregate limit as may be agreed upon at the inception of the policy
ALL RISKS
This is a Comprehensive policy that covers accidental damage, fire and burglary to the insured Items. In other words, the policy covers virtually all insurable perils except the specifically excluded ones.
Business Interruption
Business Interruption or Consequential Loss policy is a policy designed to provide indemnity to the insured in respect of loss of net profit as a result of the interruption to the business, standing charge such as rent and interest and wages and salaries of employees. This is normally due to fire outbreaks or other damages that may occur at the insured’s business premises. Business Interruption or Consequential Loss policy is not issued on a stand-alone basis but issued as part of either a Fire Multi Risks policy or and Assets All Risks policy.
ENGINEERING INSURANCE
Our Engineering insurance policies provides economic safeguard to the risks faced by the ongoing construction project, installation project, and machines and equipment in project operation. Depending on the project, it can be divided into Constructor’s All Risks insurance and Erection All Risk insurance, Contractor’s Plant and Equipment and Machinery Breakdown insurance. Other aspects of the engineering insurance policies that Activa provide are Deterioration of Stock, Electronic Equipment insurance.