In a tripartite partnership with Fusion Specialty Asia (Singapore) Pte Ltd (“Fusion”) and Aetna Insurance Brokers Pte Ltd (“Anapi”) we are pleased to share that General Insurance Agents can now purchase a first-in-market Professional Indemnity insurance to protect yourselves! Called AgentGuard Pro, the policy will indemnify agents against claims arising from the performance of their general insurance agent services. In the challenging landscape of insurance, AgentGuard Pro is your trusted partner, providing robust professional indemnity coverage tailored specifically for General Insurance Agents. With AgentGuard Pro, safeguard your profession, protect your reputation, and secure your peace of mind. The policy will indemnify agents against claims arising from the performance of their general insurance agent services. It will include coverage of all costs and expenses incurred in the investigation, defense or settlement of such claims. Risks and liabilities General Insurance Agents face due to the nature of their work: Sum Insured S$300,000 S$1,000,000 Full Limit S$250 per day / S$20,000 in the aggregate S$50,000 S$250,000 S$50,000 Full Limit 90 days after expiry Full Limit Full Limit Full Limit Premiums S$700 S$1,200 *The Retention/Deductible will be S$5,000 for Each and every Claim, costs and expenses inclusive. Inquiry Costs Public Relations Expenses Sub-Contractors and Consultants Dishonesty of Employees and/or Principals — Fusion Specialty Asia (Singapore) Pte Ltd (“Fusion”) is a company registered in Singapore and a specialty insurer owned by the POP Group. Aetna Insurance Brokers Pte Ltd (“Anapi”) is a company registered in Singapore and an insurance broker licensed by the Monetary Authority of Singapore. Whitechalk Pte Ltd (“Surer”) is in the business of providing InsurTech solutions to both insurance intermediaries and insurers via its platform, Surer. Surer’s collaborative platform helps intermediaries work with clients and insurers with greater speed and efficiency. Surer is an introducer, carrying out introducing activities for Anapi and Fusion. Surer is not allowed to give advice or provide recommendations on any Fusion products, market any collective investment scheme or arrange any contract of insurance, other than to the extent of carrying out introducing activities. Surer receives a fee for carrying out introducing activities. This policy is underwritten by Fusion Specialty Asia (Singapore) Pte Ltd (UEN No. 201943731H). This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for the policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the General Insurance Association (GIA) or SDIC websites (www.gia.org.sg or www.sdic.org.sg). DISCLAIMER: This document Is for Information purposes only. While Anapi, Fusion and Surer have taken reasonable care In the production of this document, It does not warrant the accuracy or completeness of the information. Policy wording should be requested for full details on a particular product. Fusion reserves the right to amend any information contained in this document at any point in time. This advertisement has not been reviewed by the Monetary Authority of Singapore. It is fuss-free. No credit card or payment required.What are General Insurance Agents covered for under the policy?
Why do General Insurance Agents need Professional Indemnity Insurance?
Table of Benefits
Benefits
Overall Plan Limit
S$500,000
Breach of Professional Confidentiality
Compensation for Court Attendance
Dishonesty of Employees and /or Principals
Inquiry Costs
Public Relations Expenses
Defamation
Extended Reporting Period
Lost Documents
Sub-Contractors and Consultants
Trade Practices Legislation
S$900
Key benefits explained
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