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Professional Indemnity Insurance Singapore

Professional Indemnity Insurance

No matter how experienced you are or how long your company has been around, errors can still occur during daily operations. Find out how our Chubb Elite Professional Indemnity Insurance comprehensively protects professionals like you against a wide range of scenarios – from errors and omissions to defamation and intellectual property infringement.

Coverage Highlights

Market Specialisation

  • Architects, engineers, project managers, surveyors and interior designers
  • Public accountants and company secretaries
  • Property managers and real estate agencies
  • Broadcasters, publishers, advertising agents, graphic designers, printers, public relations consultants, event manager television stations
  • Consultants in various industries including management consultants, marketing, security, information technology, human resource and professional training
  • Ancillary medical professionals including counsellors, nutritionists, optometrists, pharmacists, chiropractors, acupuncturists and speech therapists
  • Beauticians, hairdressers, spa operators, travel agents, health and fitness clubs and security guard companies

What it covers

  • Broad insuring clause covers any claim for civil liability in the conduct of the business
  • Defamation
  • Intellectual property infringement
  • Loss of documents
  • Legal representation at inquiries
  • Liability arising from participation in joint ventures and more

Association

The Chubb elite Association Liability Insurance Policy is specially created to provide protection to non-profit associations, their directors, principal and employees against the potential civil liability they face in the daily conduct of the Association’s objectives.

Real Estate

Exclusively for Real Estate Agents – Chubb elite Real Estate Professional Indemnity Insurance

The Chubb elite Real Estate Professional Indemnity Insurance is designed to provide coverage for Real Estate Agencies with less than 50 salespersons. Tailored to the specific requirements of the real estate industry, it provides protection for civil liability loss arising from the services that are offered to your customers.

In addition to the key coverage provided, Chubb offers exclusive benefits such as:

  • Worldwide Coverage (includes Australia, Europe, New Zealand, USA and/or Canada), except countries which are sanctioned by the US, EU and the UN)
  • Low Deductibles
  • Management Liability Coverage
  • Cyber Liability and Data Privacy Extension
  • Public Relations Expenses

With affordable rates coupled with the best-in-class service that Chubb prides ourselves for, choose to protect your livelihood today.

The Chubb Elite School Liability Insurance Policy is specially created to provide comprehensive protection to the schools, their directors, principals, supervisors, managers, teaching or non-teaching staff against daily potential managerial and professional liability in the conduct of the educational services.

Professional Indemnity Insurance Singapore

Protection for companies and business professionals

In an environment of increased responsibility and accountability, Professional Liability insurance is an essential component of risk management for businesses providing professional services. It can provide you, your company and your executives with cover against legal liability in connection to your services rendered, the threat of litigation and any potential damage or settlements. It allows you to operate confidently and securely, with the knowledge that your professional liability exposures are covered.

QBE Professional Liability Insurance provides risk management solutions for businesses and professionals across a broad range of industries.

Professional Indemnity Insurance helps protect professionals against legal liability for breach of professional duty in the conduct of their professional business practice.

Medical Malpractice Insurance helps protect medical professionals against legal liability arising from malpractice that leads to bodily injury, sickness, illness, mental injury, or death of patients.

Information and Communication Technology Insurance helps protect IT professionals against legal liability for claims in connection with the provision of information and communication technology services.

Directors and Officers Liability Insurance helps protect company directors and officers for their personal legal liability for their wrongful acts committed in their capacity as company directors or officers.

Association Liability Insurance helps protect not-for-profit organisations against legal liability arising from professional services provided, as well as the management committee and employees for their management liability.

Cyber and Data Security Insurance provides protection against third party liability arising from unauthorised access to your systems.

Commercial Crime Insurance provides coverage to companies against money, stock, goods, securities, property or funds stolen by employees or third parties.
It also protects against the theft of clients’ money or property for which you are responsible.

Professional Indemnity Insurance

Any professional person or consultant providing advice or other services is exposed to claims. If a party suffers loss after relying on the advice of a professional, they may have the right to sue for their losses.

Professionals require cover to help protect them against the potential financial burden of such litigation and to help protect the reputation of their practice, their personal integrity and their assets. Cover for legal costs and expenses is important as litigation involving professionals is often complex.

It is imperative that professionals have access to specialist and quality legal representation to safeguard their interests in the most effective way. The QBE Professional Indemnity Insurance Policy is the solution to provide professionals with the confidence to face the challenges of business. Should they be faced with litigation or prosecution, they can be assured that QBE can help protect and support them. Major categories of professions covered include but are not limited to:

  • Accountants
  • Lawyers
  • Architects, Engineers and other Construction-related Professionals
  • Financial Advisers
  • Management / Business Consultants
  • Human Resource Consultants

How to obtain a quote? – Please provide us with the completed proposal form.

Medical Malpractice Insurance

The advancement in medicine in recent decades has brought new knowledge and treatment methods. On the other hand, medical risks have also increased significantly. If a patient suffers bodily injury, sickness, illness, mental injury or even death after relying on the advice or service of the medical professional or establishment, they or their legal representatives may have the right to sue for the loss.

Medical malpractice insurance covers medical professionals and establishments for negligent acts, errors or omissions arising from the rendering or failure to render medical services.

How to obtain a quote? – Please provide us with the completed proposal form.

Information and Communication Technology Insurance

If an IT professional designs and installs software or hardware that subsequently fails to meet expectations, is it a design error or installation error? Under separate professional indemnity and product liability policies, there may be a lengthy debate as to which policy will respond.

To deal with this issue, the QBE Information & Communication Technology insurance policy combines attributes of professional indemnity, product liability and public liability into a single policy.

This removes the potential debate whether the product should be defined as a service or a good because under the policy, it will respond to both, providing the IT professional with comprehensive coverage.

How to obtain a quote? – Please provide us with the completed proposal form.

Directors & Officers Liability Insurance

Duties are placed upon leaders of companies by statues and acts and by common law. Today, with increased emphasis placed on corporate governance, directors and officers of companies are facing heavier responsibilities and more stringent regulatory requirements. The courts are more willing to pierce the corporate veil and hold them personally liable. QBE’s D&O insurance policy helps provide them with peace of mind by providing comprehensive cover for such liabilities.

For Small- to Medium-sized Enterprises (SMEs) – Coverage can be bound on the spot so long as the criteria in the Proposal Form are fulfilled.

For Companies that fall outside the criteria of SMEs – please provide us with the latest annual report or audited financial statements and the completed proposal form.

How to obtain a quote? – Please provide us with the completed proposal form

Association Liability Insurance

Despite the non-profit or charitable nature of many associations, the risks they face have increased significantly in recent years. In an era of increased responsibility and accountability, many associations are now discovering that they could incur liability through the services that they provide to their members or to members of the public.

Cover for legal costs and expense is important as litigation involving directors, officers and committee members of an association is often complex and expensive. It is imperative that they have access to specialised and quality legal representation to safeguard their interest in the most effective way.

How to obtain a quote? – Please provide us with the latest audited financial statements and the completed proposal form.

Cyber and Data Security (CDS) Insurance

Our CDS solution provides protection against third party liability arising from unauthorised access to your systems. In addition, we also provide first party protection as outlined below. The cover provided is supported by global reputable Cyber emergency service providers which QBE has partnered with to ensure a smooth and professional handling of the Cyber incidents and claims.

Scope of Cover – Third Party

  • Cyber, data security and multimedia cover

Scope of Cover – First Party

  • Data breach notification costs cover
  • Information and communication asset rectification costs cover
  • Regulatory defence and penalty costs cover
  • Public relations costs cover
  • Forensics costs cover
  • Credit monitoring costs cover
  • Cyber business interruption cover
  • Cyber extortion cover

Extensions

  • Financial transfer indemnification
  • Hacker financial crime cover
  • Loss of or damage to documents
  • Withdrawal of content

The QBE solution

We have partnered a number of well-known Cyber and Data Security experts who in the event of a cyber incident will provide immediate assistance to you through a 24-hours emergency hotline.

Please find attached a QBE Cyber and Data Security (CDS) brochure and Coverage Summary (including claim scenario) and please feel free to call your agent / broker for further information.

How to obtain a quote? – Please provide us with the completed proposal form.

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 QBE authorised agent.

Professional Indemnity Insurance Singapore

SDA members enjoy special subscription rates for professional indemnity by the Dental Protection Limited (DPL) which is a division of Medical Protection Society (MPS). Dental Protection is the acknowledged international leader in dental risk management.

To read about DPL’s services to members, please go to http://www.dentalprotection.org/singapore

The table below lists the subscription grades.
For the Year 2018 subscription rates, please contact us via email at membership@sda.org.sg

Scheme Rate: These discounted rates apply only to SDA members who keep their membership of the Singapore Dental Association (SDA) throughout the subscription year, and who pay their indemnity subscriptions through the SDA.

Direct Rate: For comparison, dentists/therapists/hygienists who join Dental Protection/MPS directly, without becoming members of the Singapore Dental Association, pay higher rates.

The importance of being in the correct membership category

It is important to ensure that you are in the correct membership category in order to be able to have access to all the benefits of membership for the whole range of treatment you undertake, including requesting assistance with claims and complaints.

Alternatively, you may refer to the FAQs online.

Facial Aesthetic Procedures

The ‘facial aesthetic procedures’ category includes full general dental practice, including (where the member has been specifically authorized in writing by the Singapore Dental Council), Botulinum Toxin,, Dermal Fillers , and/or wrinkle reduction treatments in the lip, the immediate peri-oral area including the naso-labial folds, glabella, forehead, around the eyes but excluding the neck.

Employer Indemnified

The employer indemnified grade provides membership for dentists whose employer provides indemnity against legal costs and damages in respect of clinical negligence claims. This grade provides advice and assistance for the following;

• Dental Council proceedings
• disciplinary procedures concerning professional competence or conduct
• Dental inquiries
• complaints procedures
• criminal matters arising directly from professional practice
• ethical matters
• inquests
• Dento-legal problems arising from voluntary work

DPL membership is on an individual basis and would therefore not extend to the clinic.

Specific Definitions

Relating to Dento-alveolar Surgery (including implant placement), Oral Surgery and Maxillofacial Procedures.

Dento-alveolar Surgery
Surgery involving the intra-oral tissues, teeth and dentoalveolar bone, i.e. mandible and maxilla, only.

This includes procedures such as:
• Dental extractions (incl. wisdom tooth removal), apicectomies, periodontal surgery
• Dental cyst removal
• Minor pre-prosthetic surgery

The full general practitioner rate includes any or all of these procedures.

The placement of dental implants is a specified procedure, for which special conditions apply (see below).

Specified Procedures (Level 1)

General practitioner undertaking any or all of the following procedures:
a) Fixed or removable orthodontics, in the absence of any specialist training and higher registerable qualifications in orthodontics.
b) Placing of implants (excluding zygomatic implants) in the mandible or maxilla, including the use of bone grafts but excluding sinus lifts or bone augmentation which involves the floor of the sinus, or extra oral bone harvesting.

Specified Procedures (Level 2)

Placing of implants in mandible or maxilla, including sinus lifts or bone augmentation which involves the floor of the sinus, but excluding extra-oral bone harvesting.

Specified Procedures (Level 3) Maxillofacial Surgery

a) Bone harvesting from anywhere other than the mandible or maxilla
b) Any maxillofacial procedures (see definitions below):

Maxillofacial procedures
Surgical procedures extending beyond the dento-alveolar procedures as defined above, and falling within the recognised specialty of oral and maxillofacial surgery – including (but not restricted to) procedures such as:
• Open reduction of complex fractures
• Advanced surgical treatment of malignancy and other pathology
• Osteotomies (maxilla and/or mandible)
• Surgery involving the salivary glands, neck, TMJ or orbital complex
• Rhinoplasty.

Click here for the DPL membership application form

(A) For Dentists, you must be the SDA member to enjoy the scheme rate, otherwise direct rate will apply in which you must contact the DPL directly. If you are

(A1) current SDA member, the following supporting documents will be required

– Photocopy of NRIC (pink) / Employment Pass (green) (Front / Back) (in PDF format, if by email)

– Photocopy of practicing card (gray) (Front) (in PDF format, if by email)

(A2) non-SDA member, you may apply for DPL membership, together with the SDA membership.

– No supporting documents required as they are the same with the SDA membership application.

(B) For Oral Health Therapists (OHTs), the following supporting documents will be required

– Photocopy of NRIC (pink) / Employment Pass (green) (Front / Back) (in PDF format, if by email)

– Photocopy of practicing card (gray) (Front) (in PDF format, if by email)

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