NEW OPTIONS REGARDING PROFESSIONAL INDEMNITY COVER TO BE INTRODUCED WITH EFFECT FROM 01 JULY 2009

The Attorneys Fidelity Fund Professional Indemnity Insurance Scheme affords a certain level of free professional indemnity cover to all attorneys practising in South Africa in terms of the Attorneys Act 53 of 1979 (as amended).

The details of the cover are contained in an annually renewable policy document, which comes into force on 01 July of each year and expires on 30 June of the following year. (Click here to Download)

The limits of indemnity and deductibles (excesses) are determined by the number of partners that constitute the insured practice on the date that the alleged cause of action arose, in accordance with the schedule to the applicable policy document.

A number of practitioners have expressed the concern that the existing deductibles are high particularly in respect of practitioners who are not at risk for claims which are likely to require high levels of professional indemnity cover.

If you have similar concerns, please download a letter containing more information regarding the options, and an application form.