Overview
Working with leading specialist professional indemnity underwriters from the London market, we offer the Greek market a comprehensive combination of cover and services for contemporary insurance professionals. Drawing on our team’s professional indemnity experience, we seek to set high standards for the professional liability of insurance intermediaries by offering legal protection alongside insurance cover.
Period of Insurance and Indemnity Limits
One year from the agreed inception date.
€1,564,610 for each claim and €2,315,610 as the maximum annual aggregate indemnity limit for each insured.
Deductible
10% of the claim, subject to a maximum of €4,000 and a minimum of 1% of gross revenue, with a minimum of €1,000 per claim for general insurance classes. The deductible is €1,500 for life and investment-related business.
Legal Expenses Insurance
Optional legal expenses cover is offered with the intermediaries’ professional indemnity policy through ERGO. Insured employees may also be covered for legal expenses at specially determined rates on a case-by-case basis.
The original description explains the importance of avoiding potential conflicts of interest where an intermediary obtains professional indemnity insurance from an insurer on whose behalf they arrange client policies.
Cover Features
Retroactive Date: 15 January 2005
Extended Reporting Period Provision
Cyber Risk: Loss of Documents and Breach of Confidentiality
Defamation and Slander
Intellectual Property, Patent and Registered Design Infringement
Employee Dishonesty: Covered Without a Separate Sublimit
Territorial Limits: European Union
Request Information
Email brokerspi@gkaravias.gr.
Call our specialist team on +30 210 36 40 618. We collaborate with leading London-market professional indemnity underwriters.