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Professional services exclusion in d&o policy

QuestionsCategory: Directors & Officers Liability InsuranceProfessional services exclusion in d&o policy
default avatarPlan Cover Staff asked 2 years ago
1 Answers

Best Answer

default avatarSrinivasan Mahadevan answered 2 years ago
D&O insurance is purchased by organisations of all shapes and sizes. While the primary purpose of coverage is to protect individuals, depending on the organisation’s size a policy may also provide some benefit to the entity itself. D&O liability insurance is intended to provide broad and sufficient coverage for policyholders and their officers. However, D&O policies do not cover all conduct and many contain a number of notable exclusions. 

The professional services exclusion is included in a range of D&O policies.  The intent is to shift professional liability related exposures to an appropriate professional liability policy.   A standard professional services exclusion will typically exclude coverage for any claims arising directly or indirectly related to the rendering or failure to render professional services.
Professional indemnity insurance is for companies that provide an advisory service. Professional indemnity insurance can protect if a claim is made against the business by a client or customer due to a problem with the work that was done for them. This could include negligence, loss of personal documents or infringement of any intellectual property.
Get in touch with PlanCover, a highly reputed insurance broker serving a wide range of businesses in the Indian market, to buy suitable insurance policies that practically benefit your company.