Dual enhances PI wordings

Dual enhances PI wordings

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Specialist underwriting agency DUAL has released its new wordings for professional indemnity, management liability, and information technology (IT).

DUAL has recently released 5 new Industry specific Professional Indemnity wordings, for accountants, consultants & miscellaneous, design & engineers, financial services, and real estate.

The following are some of the key enhancements:

  • Reputational Protection Expenses – includes post claim mitigation of reputation
  • Compensatory Penalties – compensatory penalties issued by a regulator
  • Loss Mitigation and Rectification Costs* – costs in taking reasonable action to prevent additional losses
  • Automatic Discovery Period for nil EP (Extra Premium) increased to 90 days.

Contact HDL to discuss how we can help.

If you’d like any more information about your professional indemnity, management liability and information technology insurance needs contact us.

The information provided in this article is of a general nature only and has been prepared without taking into account your individual objectives, financial situation or needs. If you require advice that is tailored to your specific business or individual circumstances, please contact HDL.

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