AE Blog - What Does A Marine Professional Indemnity Policy Typically Cover?
• Negligence, Errors and Omissions: Any mistake made while carrying out the insured services, provided it is not a deliberate or reckless act of the insured.
• Third Party Liability: Non-contractual liability for physical loss of or damage to third party property and consequential loss resulting from such loss or damage, including liability for death, bodily injury or illness.
• Claims by an Authority: Legal liabilities imposed by a public or governmental authority in respect of fines, penalties and duties.
• Fraud by an Employee: Dishonest, fraudulent, criminal or malicious act or omission by any employee of the Insured.
• Loss of Documentation: Legal liability arising from the loss of any documents in the insured’s care or control.
• Libel and Slander: By reason of words written or spoken by the insured.
• Intellectual Property Rights: Unintentional infringement by the Insured of any copyright, Trademark, registered design, patent, plagiarism or breach of confidentiality.
• Breach of Warranty of Authority: Exceeding the authority given to the insured by their principal.
• Unintential Principal: Legal responsibility under local law for the liabilities of the insured’s principal.
• Claims Expenses: Defense and investigation costs.
To find out the best way to initiate the quote process or to discuss specific needs of a firm that is involved in the marine trades please contact Chris Engstrom at 800-597-2012 or by email address email@example.com