Professional indemnity insurance requires trust and company service providers to maintain risk-proportionate coverage for negligence-related claims. Every Trust and Company Services Provider must maintain professional indemnity insurance cover commensurate with the scale and risk profile of its ... Summary
Professional indemnity insurance requires trust and company service providers to maintain risk-proportionate coverage for negligence-related claims.
Every Trust and Company Services Provider must maintain professional indemnity insurance cover commensurate with the scale and risk profile of its business. The cover must protect against claims arising from negligence, errors, omissions, or breach of duty. Compliance requires insurance protection calibrated to the provider's business scale and risk profile.
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