Question
What's the difference between professional indemnity and D&O?
Answer
We've written a detailed (but by no means exhaustive) description to help you. Please see the attached document.
The two types of cover may be mutually exclusive, or they may overlap. Terminology also varies, depending on the country. Like so many general insurance products, there is no definitive answer! In short, remember that in practice the precise cover is more important than the name.
For the purposes of the exam, you should be able to quote the Core Reading if necessary.
What's the difference between professional indemnity and D&O?
Answer
We've written a detailed (but by no means exhaustive) description to help you. Please see the attached document.
The two types of cover may be mutually exclusive, or they may overlap. Terminology also varies, depending on the country. Like so many general insurance products, there is no definitive answer! In short, remember that in practice the precise cover is more important than the name.
For the purposes of the exam, you should be able to quote the Core Reading if necessary.