With the complexities and unpredictability of the business rescue environment, it helps to have a comprehensive insurance policy in place to give you complete peace of mind. Professional Indemnity Insurance for business rescue practitioners protects the professional in the event that they are found to have been grossly negligent in terms of the South African Companies Act.
Genoa offers a tailored indemnity insurance policy for business rescue practitioners, structured in a unique way where the company in rescue is billed the premium for the policy that indemnifies the client. We have working relationships with many of the top business rescue firms and practitioners in South Africa, giving us key insights that have allowed us to tailor-make our product to suit your needs.
We offer highly competitive rates and several extensions to our PI insurance policy for business rescue practitioners, namely:
- An Extended Reporting Period (ERP) of anything from 12-36 months
- Quarterly premium payment options
- The ability to extend the policy to cover a Section 155 compromise
- The ability to extend the policy to cover Interim Managerial appointments
After a full analysis of the South African business rescue market, we are able to provide a practical professional indemnity insurance policy, with highly competitive premiums which are sustainable over the long term. We give each client the promise of quick and efficient resolutions of valid claims, and the rigorous defence against vexatious litigants.
Contact Genoa today for information on any of our professional insurance policies.