Secure Your Career, Income and Livelihood With Professional Indemnity Cover
Coronation Insurance Ghana
23 Aug 2022 · Thought Leadership Articles
Organizations or individuals who provide professional services or give professional advice could be sued if a client or recipient is unhappy with their work.
Ghana’s new Insurance Act, 2021 (Act 1061), stipulates that all professionals in specialised fields, such as doctors, lawyers, accountants, architects and other professional service providers are required to have Professional Indemnity insurance. Professional indemnity insurance is a commercial policy designed to protect professional persons or employers of professional persons in the event of litigation for negligence or other legal claims arising from their conduct or delivery of services.
While many professionals might see professional indemnity insurance legislation as just more red tape, in an increasingly litigious age, seeing ever more professionals sued for malpractice, professional indemnity cover is, today, integral to the operation and survival of any professional service practice.
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