PrimeLink Insurance Agency | Officers Liability
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Officers Liability

Officers Liability

Category:Non Motor

Description:

CLASS OF POLICY

Officers Liability Insurance

PERIOD

 

From:                                          To:

COVER

 

Legal liability to pay compensation for damages and costs and in respect of claims for breach of professional duty made against the officers and notified to the company during any period of insurance by reason of any negligent act errors or omission arising from incorrect instructions given or faulty arrangements or clerical errors made by the officers.

 

INTEREST

 

 

Total number of officers ___________

Total value of all property Ksh. ______________

Annual wage roll of workers Ksh. _____________

LIMITS OF LIABILITY

 

General limit of Liability

Option A           Ksh. _________________________

Option B           Ksh. _________________________

Option C           Ksh. _________________________

EXCESS

 

10% of each and every claim.

SPECIAL CONDITIONS & CLAUSES

 

 

 

a)       Wrongful acts.

b)       Negligence acts (errors and omissions).

c)       Slander and libel of members.

d)       Failure to provide a safe living environment for members and their families.

e)       Frauds committed by employees engaged by the management committee on behalf of the members.

f)        Negligence acts following the employment of in-competent or dishonest sub-contracts or liabilities attaching as a result of the negligent acts committed by agents of the management committee.

 

BASIS OF SETTLEMENT

 

  • Indemnity per policy