PI Insurance

All you need to know about a ‘Claims-Made’ Policy

There are two key features of a claims-made policy. Firstly, the policy limits coverage to claims first made during the policy period. A claim is typically “made” on the date that you notify your broker or the Insurer. A claim made before the policy inception date or after the expiration date is not covered unless…

What is a reportable circumstance and what is a claim?

A reportable circumstance is any occasion when the Insured first becomes aware of any of the following: an intimation of a possible claim for damages, including correspondence intimating that the Insured was at fault in relation to performing any service or is liable for costs incurred or losses suffered by a third party; or the…

Why the need for TOP UP insurance?

For law firms and sole practitioners alike, it is critical that the limit of cover offered under your Professional Indemnity insurance policy is adequate for your business. We strongly recommend you review your limit to determine whether an increase in cover, beyond what may be offered by your professional indemnity fund. For attorneys this is…

Why do I need professional indemnity insurance as a medical practitioner?

Regulations published on 30 August 2010 under the Health Professions Act require private health practitioners practising for their own account to obtain professional indemnity insurance. The insurance must be obtained from an insurer registered under the Short-term Insurance Act. SHACKLETON is a brokerage specialising in the arranging of medical malpractice professional indemnity cover for health…

When to Notify Your Insurer of a Claim Against Your Professional Indemnity Policy?

In almost all insurance policies, the policy will contain a clause that requires notice of an event which could give rise to a claim or an actual claim to be given ‘immediately’ or as soon as possible’, but not later than 30 days.  These clauses are usually inserted under the claims clause and /or in…

Masters of our Universe

Our current book has over 18 500 actives bonds of surety. Each of these bonds generate significant paperwork together with our service offering of preparing, lodging and following up with all the bond related queries. We have an experienced administration team who monitor and drive the process but our secret lies in our specialised Masters…

Advantages of Using a Brokerage with a National Footprint

In the highly competitive insurance brokerage industry, service delivery is of utmost importance. At Shackleton Risk Management (“SRM”) we are able to provide our services nationally across South Africa. With offices in Johannesburg, Pretoria, Durban, Cape Town, Port Elizabeth, Bloemfontein and Nelspruit and representation in Grahamstown, Kimberley and Mmabatho, we are able to be the…

Don’t Be Without PI Insurance

Possibly one of the worst betrayals is when a professional individual paid to look after a client’s  interests, neglects their duty in a way that leaves the client physically, financially, emotionally  or legally compromised – or suffering a combination of all these. Professional negligence is a breach of the duty of care between a professional…

Avoiding a professional negligence claim

It is important for attorneys providing legal advice and services to be aware of which actions can give rise to a claim for professional negligence. Here are some tips to minimise a professional negligence claim being brought against you… Obtain all the facts  The number one complaints against attorneys are neglect and delay. Consulting timeously…