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Why us?
12
Years of experience1000+
Corporate clients30
Insurance partners4
Countries
What is Professional Indemnity Insurance?
You are, no doubt, a skilled and experienced professional in your line of work. Nevertheless, if your work involves providing a service or offering advice, it is recommended that you consider how best to protect your business against malpractice or professional misconduct claims.
Business reputation is built on years of competent service, and while we are all human and prone to errors, your business and its reputation should not be jeopardised due to even a single allegation. The accusation could be overlooking a vital piece of information, negligence, a mistake, a misstated fact, or the failure to provide due service, which results in financial loss or injury to your client. While you cannot control your client’s actions or the unfortunate situation, you can, at the very least, have some power over managing the claim made against you through professional indemnity insurance.
Also called professional liability insurance, this protects businesses providing professional services or advice against claims initiated by clients for losses resulting from alleged acts of negligence or omissions with respect to the professional services or consultations provided. It will also cover the legal costs and expenses incurred in responding to or managing the claims that are covered by the insurance policy.
What does professional indemnity cover?
Professional indemnity insurance is also called professional liability insurance or errors & omissions. It covers the legal costs and expenses incurred while defending against a negligence claim made by a client. Apart from negligence, the claims could include inadequate advice, services or designs that cause the client to lose money.
What our customers say
Orix Insurance has greatly impressed us with its ability to deliver solutions that please both employer and employee. Starting with developing our employee benefits solutions, they have been gone on to provide better service than a big broker. Throughout our working relationship, Margaret and her team have been extremely proactive in servicing our enquiries. Our claims were processed timely and accurately, and they looked after our staff very well. Orix has been in the business for a long time and has a good regional network to support our business. I strongly recommend Orix Insurance and wish them all the best.- Ms. Lim Ban Ling - CFO, Antalis Asia Pacific Pte. Ltd.
Orix Insurance, as a corporate agency, was able to provide us with the full suite of services offered by a big broker but without the high price tag. They first managed my employee benefits and their team was extremely efficient in helping us manage our claims. Over the years, with their knowledge and expertise, they were able to help us mitigate our business risk. Orix is now our in-house agency for everything we need for our business insurance. I’m very grateful to have a good partner like Orix Insurance, to help protect our business.- James Lee Managing Director - Asiasoft Solutions Pte. Ltd.
I would recommend Orix Insurance as they have a good knowledge of the market and also act with a great deal of professionalism. Not only were they willing to assist us in handling a very last-minute request which local insurers were not able to take up, but they also went out of their way to secure the insurance for us outside of Singapore, which goes to show their global-level knowledge of insurance. I like that Orix Insurance is able to put itself into the shoes of its customers and think like part of their company, trying to secure the best terms and price for them. The level of service and engagement provided is beyond what I have received from other insurance companies.- Larissa Tan CEO - Vanda Electrics
Two years ago, we had over 20 outlets in Singapore and our policies were all over the place. When we met Margaret, she patiently listened to our needs and concerns and created a system to organize our accounts. And simply by doing so, she was able to get us better rates and benefits. Margaret is constantly putting her client’s interest first and looking out for savings for us even though it means a lower commission for her. I would definitely recommend Orix Insurance to other SMEs.- Elson Lee Director-Refresh Group
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