Shackleton Risk offers Professional Indemnity Insurance for Business Rescue Practitioners.
Cover may be specialised selected in two ways:
The policy indemnifies the Practitioner for gross negligence in respect of a named company and the premium is paid for by the company in rescue. The policy allows the Insured to elect to take out a 12, 24 or 36 months extended reporting period (ERP) which is the period in which the Practitioner may lodge a claim against the policy (subject to policy terms and conditions).
Coverage is available for the following risks are PI, FG and MOTF.
An excess for each class applies.
The FG product which we supply to our Business Rescue Practitioners (BRP) is unique because it indemnifies the company that is in rescue against thefts which are perpetrated by the BRP. Like with the PI policy, the premium is paid by the company in rescue.
The client may elect to take out cover in one of 3 ways: