Shackleton Risk Management offers Top Up professional indemnity Insurance to Attorneys.
All legal practices enjoy a primary level of professional indemnity insurance through the Attorneys Insurance Indemnity Fund (“AIIF”). This level of cover ranges between R1,562,500 and R3,125,000 dependent on the number of Directors of the Law firm.
The levels of cover through the AIIF are relatively small and are offered in the annual aggregate. In the event that a claim exceeds this available limit of indemnity the firm will face the possibility of bearing the claim (or part thereof) itself in the event that the firm does not have appropriate additional (“top up”) insurance in place. This is where Shackleton Risk can assist.
We offer several extensions to the PI policy.
Enquire from your broker today about the options available to you which include the following: