Articles
Benefits of dealing with Shackleton Risk
Some benefits you can expect when dealing with Shackleton Risk Management: There is no excess payable for attorneys in respect of the Professional Indemnity Insurance product. This excess is usually anything between R25 000 and R150 000 so in the event of a claim, this is a HUGE upfront saving for the firm. We employ…
What is Professional Indemnity Insurance?
Professional Indemnity Insurance is a type of business insurance that provides coverage for professionals who provide advice or services to clients. It protects professionals from financial losses in the event that a client alleges negligence, errors or omissions, or breach of professional duty resulting in damage or loss. Professional Indemnity Insurance covers our clients for…
The importance of misappropriation of Trust Fund and Professional Indemnity Insurance for attorneys in South Africa
There has been an increasing prevalence of misappropriation (theft) of funds from attorneys’ trust accounts in these difficult economic times. Stories of attorneys who cannot account for trust funds abound; and the Law Societies are inundated with complaints. This highlights the importance of Misappropriation of Trust Fund coverand Professional Indemnity Insurance for attorneys. Many attorneys erroneously believe that…
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