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General Public & Products Liability – Errors and Omissions
Errors & Omissions Liability – Important Information
The Errors and Omissions Liability (also known as Professional Indemnity) section of this policy is written on a Claims Made Basis.
This means that this part of the Liability cover provides (subject to its terms and conditions) cover for claims which are first made against you and immediately notified to the insurer in writing during the period of cover, subject to the retroactive period.
The cover excludes:
- Acts or omissions giving rise to a claim, which occurred prior to any retroactive date stated in this policy;
- Claims or circumstances known to you or notified to an insurer prior to inception of this policy;
- Circumstances notified after expiry of this policy; or
- Claims notified after expiry of this policy.
We strongly recommend that you implement a program to ensure that all claims are identified and notified immediately and within the policy period as no claims can be made upon expiry of the policy period.
Where you become aware of facts or circumstances that might give rise to a claim, you should forward to us a notice in writing outlining those facts or circumstances immediately and before expiry of the policy period. We will forward the notice to the Insurers on your behalf. Delay in notifying the insurer or failure to provide all relevant facts could result in the claim being denied.