Noor Professional Indemnity Takaful - Noor Takaful Insurance Ltd

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Noor Professional Indemnity Takaful

What is this product about?

This policy indemnifies the Participant for those sums which the Participant, as a result of conducting the covered profession, will become legally liable to pay as damages for loss caused by an incident which takes place within the Territorial Limit stated in the Policy schedule after the Retroactive Date stated in the Policy Schedule and before the policy period ends.

What are the covers/benefits provided?

This policy covers:

Incident (Any actual or alleged negligent act, error or omission in conducting the Participant’s profession)

Extended to include a Partnership or Joint Venture, Employees of the Paticipant as well as the Participant’s Estates, Heirs or Legal Representatives;

Indemnity for Defence Costs;

Indemnity for Damages;

You may extend coverage to the following risks by paying additional contribution:

Libel & Slander

Loss of Documents

Dishonesty of Employees

Consultants, Sub-contractors and Agents

Incoming and Outgoing Partners

Intellectual Property

Newly Created or Acquired Entity or Subsidiary

Partner’s Previous Business

Run Off Cover Duration of cover is for one year.

You need to renew your takaful policy annually.

Contribution Rate - 1%