Professional Indemnity

PsySSA Proposal Form

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PsySSA Indemnity Renewal Letter

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Disclosure Notice

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14 November 2017

MEDICAL MALPRACTICE /PROFESSIONAL INDEMNITY FOR PSYSSA MEMBERS

PsySSA has negotiated a comprehensive indemnity insurance package on behalf of its members through FNB. Professional Indemnity Insurance as provided by Hollard through FNB Insurance Brokers is designed to indemnify the insured Professional against pecuniary losses arising out of:

  • A Negligent Act
  • Error or omission, which causes loss to be suffered by his/her client or a third party

The Professional Indemnity cover options are as follows:
1) Limit of Indemnity                            : R2 500 000 in the aggregate
Policy Limit per Annum                        : R5 000 000
Excess                                                     : R7 500 each and every claim
Annual Premium                                  : R1,305.00 per member (Incl. VAT, Administrative Fees R50)

2) Limit of Indemnity                             : R3 000 000 in the aggregate
Policy Limit per Annum                         : R6 000 000
Excess                                                      : R7 500 each and every claim
Annual Premium                                   : R1,510.00 per member (Incl. VAT, Administrative Fee R50)

3) Limit of Indemnity                             : R5 000 000 in the aggregate
Policy Limit per Annum                         : R10 000 000
Excess                                                      : R7 500 each and every claim
Annual Premium                                   : R1,760.00 per member (Incl. VAT, Administrative Fee R50)

Optional extras: Public Liability cover
Indemnity Limit                                     : R2 500 000 @ R315.00 p/a
Indemnity Limit                                     : R3 000 000 @ R410.00 p/a
Indemnity Limit                                     : R5 000 000 @ R635.00 p/a
Deductible                                              : R1,000.00 Each and Every Claim

The above-mentioned limit of Indemnity can be increased at an additional premium. This includes an additional reporting period of 36 months for PsySSA Members only.

For further information please contact Clayton Adams at FNB on 087 736 5218 or clayton.adams@fnb.co.za or Michelle Reynolds at michelle.reynolds@fnb.co.za

PsySSA members can access further information at (CLICK HERE) using their PsySSA username and password.

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