JELF
Insurance available through the SWW
scheme
Professional Indemnity: An insurance
that continues to protect you for the wills
you have drafted in the past, after you
have ceased will writing/estate planning
activities. This exclusive member scheme will pick up
any Will writing done in the past, even prior
to membership of the Society, provided
some form of professional indemnity
coverage has been kept. This is clearly
a very useful extension in cover which
is given without charge and should be
appreciated by members.
What does it cover?
Professional Indemnity insurance covers
your business against claims that may be
made due to any negligent act, error or
omission in the conduct of your business
that causes a loss to a third party. Plus, when you retire the policy allows for
Members to enjoy the security of cover for
life with run off available at minimal cost to
themselves.
The policy is there for your protection, to
cover you and your business against any
legal liability you may have for claims made
against you by third parties and just as
importantly the policy is there to defend
you against allegations even if there is no
liability at the end of the day.
The cover:
• Negligence or breach of professional
duty.
• The limit: £2,500,000 to any one claim.
• “Claims Made” policy.
• Public Liability: £5,000,000 cover
included as standard.
• Optional cyber insurance (see below).