This policy provides insurance for certain residual commercial risks that may fall outside the scope of Professional Indemnity cover as a difference in conditions protection to augment the Professional Indemnity cover (e.g. to cover the liability you may have for the “wrongful acts” in the management of a company or matters that may fall outside the scope of Professional Indemnity Cover).
The policy provides additional protection for the Directors, Principals or Employees but may also, upon application to the Insurers, apply to outside appointments held on behalf of the practice by the Directors, Principals or Employees of the practice.