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[HALF-DAY - 3 CPD] Half-Day Seminar: PROFESSIONAL INDEMNITY INSURANCE FOR ENGINEERS

From April 26, 2019 09:15 until April 26, 2019 12:30
Categories: Seminar
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BEM Approved CPD/PDP Hours: 3
Ref. No.: IEM19/PG/163/S

Half-Day Seminar:
PROFESSIONAL INDEMNITY INSURANCE FOR ENGINEERS
Date : 26 April 2019 (Friday)
Time : 9.15am to 12.30pm
Venue : IEM Penang Secretariat

SYNOPSIS
Professional Indemnity Insurance is a form of liability insurance that helps protect professional advice serviceproviding-
individuals and companies from bearing the full cost of defending against a negligence claim made by a
client, and damages awarded in such a civil lawsuit.
The coverage focuses on alleged failure to perform on the part of, financial loss caused by, and error or omission
in the service or product sold by the policy holder. These are potential causes for legal action that would not be
covered by a more general liability insurance policy which addresses more direct forms of harm.
Professional liability coverage provides for the defense costs, including when legal action turns out to be
groundless. Coverage does not include criminal prosecution, nor a wide range of potential liabilities under civil
law that are not enumerated in the policy, but which may be subject to other forms of insurance. Professional
Liability Insurance is sometimes required under contract by other businesses that are the beneficiaries of the
advice or service. It is an essential part of service-providing businesses to ensure their interests are well protected.

ABOUT THE SPEAKER
Ms Sum Wai Chee is the Head of Liability & Miscellaneous Underwriting Department of MSIG Insurance (M) Bhd.
She has law degree and AMII certificate with 15 years of working experience in General Insurance industry. She
provides technical support and underwriting of all types of Liability Insurance to determine the policy terms and
conditions such as:
 Financial Lines Insurance:
 Directors & Officers Insurance (D&O);
 Professional Indemnity Insurance (PI);
 Financial Institutions/Banking Professional Indemnity (FIPI);
 Investment Fund Manager (IMI);
 Banker's Blanket Bond (BBB);
 Electronic Computer Crime (ECC);
 Initial Public Offering (IPO)
 Casualty Insurance:
 Products Liability;
 Comprehensive General Liability;
 Public Liability;
 Clinical Trial/Medical Malpractice Insurance

Programme
9.15 am – 10.00 am Breakfast & Registration
10.00am – 12.00pm
General Introduction about Professional Indemnity
Annual Professional Indemnity (PI)
Single Project Professional Indemnity (SPPI)
Comparison between PI and SPPI
Claim Examples & Exercise
12.00pm – 12.30pm Q & A session


Banking Info

Bank name: CIMB BANK BERHAD

Bank Address: MENARA BHL, NO.51, JALAN SULTAN AHMAD SHAH, 10050 PENANG

Bank Account Number: 80-0762026-7

Account Name: The Institution of Engineers, Malaysia