Professional Indemnity Insurance

The Hong Kong Professional Counselling Association Ltd.
Professional Indemnity Insurance 

Insured:
The Registered Members (FULL member or above category ONLY)  of The Hong Kong Professional Counselling Association Ltd.

Occupation:
Counselor (Individuals)

Coverage:
This Policy covers Claims made against the Insured, by a Third Party, for Loss arising due to civil liability provided that the Claim arises out of an actual or alleged act, error or omission in the provision of the Professional Services by the Insured within the Geographical Limit specified and is made during the Policy Period and reported to insurer in writing during the Policy Period and the act, error or omission first takes place on or after the Retroactive Date but before the expiration of the Policy;

Limit of Liability & Annual premium:
(a) HK$12 million any one claim and in the aggregate plus 3 times automatic reinstatement of the original limit of liability if the original limit has been entirely exhausted during the period of insurance (i.e. total HK$48 million in aggregate) (the limit shall be shared by all insured members)
Annual premium: HK$1,600 (original $1950) for 12 months
Semi-annual premium:HK$800 (original $975) for 6 months

(b) HK$23 million any one claim and in the aggregate plus 3 times automatic reinstatement of the original limit of liability if the original limit has been entirely exhausted during the period of insurance (i.e. total HK$92 million in aggregate) (the limit shall be shared by all insured members)
Annual premium: HK$2,100 (original $2,500) for 12 months
Semi-annual premium: HK$1,050 (original $1,250) for 6 months

Legal Costs & Claims Expenses(subject to consent of insurer):
To be included under the limit of liability

Insured Company

The insurance company of professional indemnity insurance will be changed to Liberty from Zurich starting Sept 2021

Liberty Speciality Market is a U.S. based GLOBAL  insurance company https://www.libertyspecialtymarkets.com.hk/

 

Period of Insurance:
Annual: From 1 October to 30 September every year
Note: For those who enroll after 1 Oct, the insurance coverage will still be ended at 30 September (of every year) with same premium as above.

Semi-annual: From 1 April to 30 September every year

Extensions:
a) Libel & Slander b) Loss of Documents

Territorial limit:
Worldwide : Hong Kong ( EXCLUDING USA and Canada Jurisdiction)

Deductible:
HK$5,000 each and every claim

Eligibility:
Registered Full members, Associate Fellow and Fellows of Hong Kong Professional Counselling Association Ltd.

Application procedures:
Please return the completed and signed declaration form, together with a  crossed cheque to the following address for the enrollment of Professional Indemnity insurance: Charterlloyd Insurance Brokers Ltd.

Address: Room 1905, 19/F, Fortress tower, 250 King’s Road, Hong Kong, Attn: Dr. Raymond Chow at  (Tel: 2523 6350) or Ms. Alice Cheung (Tel: 2523 6072).  Thank you.