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Frequently Asked Questions
What is Professional Indemnity Insurance for Surveyors?
A liability insurance covering Surveyors against legal liabilities due to negligence, error, or omission in their professional services.
Who can apply for this insurance?
Surveyors in either private or full-time employment are eligible to apply.
What incidents does the cover include?
The cover includes court judgments, legal defense costs, disciplinary hearings, defamation suits, and other incidents within the scope of professional services.
Can I extend my cover beyond the basic policy?
Yes, extensions are available at an additional cost, such as retroactive cover, re-instatement, and run-off cover.
What is the deductible/excess on this policy?
The deductible/excess ranges from 50,000 to 200,000 depending on the chosen limit of liability.
How do I apply for this policy?
You can complete the proposal form available on Pacis Insurance's website or obtain one from your intermediary. Pay the premium through the listed forms of payment and send the required documents.
How do I make a claim?
To make a claim, record the event with accurate information, write formally to Pacis Insurance, and follow the specific guidelines provided in the policy, such as not admitting liability or incurring legal expenses without approval.
Are there any additional policies available?
Yes, Pacis Insurance also offers other policies like fire and special perils, burglary, all-risk policy, WIBA/WIBA Plus, employers liability, personal accident cover, domestic package, and motor private cover..
What does the term "claims-made basis" mean?
"Claims-made basis" means the policy only covers claims made during the period of insurance, provided the claim or circumstance is notified to the insurer during the coverage period.
Can I get this insurance if I'm retiring or changing careers?
Yes, the run-off cover extension can be purchased by insured individuals who are retiring or changing careers, and have had coverage up to that time.
