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The Professional Indemnity Policy covers awards arising out of court judgments, defense costs, loss of documents, fees and expenses.
This policy protects professionals from legal liability for any acts of negligence they may commit in the course of their duty. The policy will provide for the costs of defending any action brought against the insured in their professional capacity. One does not have to be wrong to be sued
RATING TABLE - ANNUAL
|
Limit of Indemnity |
Limit of Indemnity Anyone Period |
Rate | Premium | Deductible |
| 100,000 | 500,000 | 3.5% | 17,500 | 10% E&EL MIN KSHS 20,000 |
| 250,000 | 750,000 | 3% | 22,500 | 10% E&EL MIN KSHS 20,000 |
| 500,000 | 2,500,000 | 1.5% | 37,500 | 10% E&EL MIN KSHS 50,000 |
| 1,000,000 | 5,000,000 | 1.5% | 75,000 | 10% E&EL MIN KSHS 100,000 |
| 2,500,000 | 7,500,000 | 1.25% | 93,750 | 10% E&EL MIN KSHS 100,000 |
| 5,000,000 | 10,000,000 | 1% | 100,000 | 10% E&EL MIN KSHS 100,000 |
| 7,500,000 | 20,000,000 | 1% | 200,000 | 10% E&EL MIN KSHS 100,000 |
| 10,000,00 | 30,000,000 | 1% | 300,000 | 10% E&EL MIN KSHS 100,000 |
Above the limit indicated in the table above please contact us.
K-LIFT also provides loans for Professional Indemnity Insurance.
Minimum under this category is KSHs 17,500/