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Professional Indemnity Proposal Form
"I need a Professional Indemnity Proposal Form for my architectural firm based in Cape Town, with coverage starting from March 2025, that specifically addresses our involvement in both residential and commercial projects, including our use of external contractors."
1. 1. General Information: Basic details about the business/professional including registered name, trading names, registration numbers, VAT number, and contact details
2. 2. Business Details: Nature of business, professional activities, years in operation, qualifications, and professional memberships
3. 3. Staff Information: Details of partners, directors, qualified staff, and other employees, including their qualifications and experience
4. 4. Financial Information: Annual revenue, fee income, largest contracts, geographical spread of activities
5. 5. Risk Management: Quality control procedures, risk management protocols, and internal review processes
6. 6. Claims History: Details of any past claims, circumstances that might give rise to claims, and previous insurance coverage
7. 7. Coverage Requirements: Desired limit of indemnity, excess/deductible preferences, and specific coverage needs
8. 8. Declaration: Statutory declarations about the truth of information provided and understanding of obligations under POPIA
1. Professional Services Breakdown: Detailed section for firms offering multiple professional services, breaking down revenue and activities by service type
2. Overseas Operations: Additional section for firms operating internationally, including jurisdictional exposures and overseas revenue
3. Specialized Project History: For firms involved in high-risk or specialized projects requiring detailed risk assessment
4. Subcontractor Information: For businesses that regularly employ subcontractors, detailing their use and management
5. Cyber Risk Assessment: For firms handling sensitive data or providing technology services, detailing cyber security measures
6. Environmental Risk: For professionals whose work may impact environmental matters, such as architects or environmental consultants
1. Schedule A - Revenue Breakdown: Detailed breakdown of revenue by service type, client industry, and geographical location
2. Schedule B - Staff Schedule: Comprehensive list of professional staff, their qualifications, and roles
3. Schedule C - Claims Experience: Detailed history of claims and circumstances for the past 5 years
4. Appendix 1 - Risk Management Procedures: Copies of quality control documents and risk management protocols
5. Appendix 2 - Professional Qualifications: Copies of relevant professional certifications and memberships
6. Appendix 3 - Corporate Structure: Organization chart and details of any subsidiary or associated companies
Authors
Legal Services
Accounting and Financial Services
Architecture and Engineering
Medical and Healthcare
Information Technology
Management Consulting
Real Estate and Property Services
Environmental Consulting
Construction and Design
Education and Training
Marketing and Advertising
Human Resources
Legal
Risk Management
Compliance
Finance
Operations
Professional Services
Insurance
Executive Leadership
Administrative
Quality Assurance
Chief Executive Officer
Managing Director
Risk Manager
Compliance Officer
Legal Counsel
Financial Director
Professional Practice Manager
Operations Director
Company Secretary
Partner
Principal Architect
Senior Engineer
Medical Director
IT Services Director
Management Consultant
Professional Services Director
Insurance Manager
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