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Why doesn our Officials Indemnity insurance cover Professional Negligence risks?

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Why doesn our Officials Indemnity insurance cover Professional Negligence risks?

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The standard Officials’ Indemnity (OI) insurance indemnifies the authority against claims for third party financial losses incurred in the course of normal business. It incorporates a personal indemnity to employees (officers) of the authority whilst carrying out the Authority’s business. There are various exclusions under this part of the SELECT policy (Section 7) one of which is for Professional Liability, Errors and Omissions. This relates to financial losses that may arise from errors or omissions in advice, design or specification provided by the Authority. It does not apply, however, for those activities that the Authority has a statutory duty to perform. Nor does it apply where advice is given but; no fee is charged or received for it, and is not given under a written contract or agreement, and the advice is supplied by employees acting within the scope of their job description. The full wording of the exclusion is given on page 7 of our casualty module. As such many professiona

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