Professional Indemnity Insurance Coverage Summary
Members of AAFT who are currently residing in HK
Family Therapist, Counsellor (Individuals)
a) Insurer shall pay, to or on behalf of the Policyholder, the Loss in respect of any civil liability which the Policyholder incurs as a result of any Claim first made and reported to Insurers during the Period of Insurance which arises from any breach of a professional duty of care in the provision of the Professional Services.
b) Legal costs and expenses: Insurers shall pay reasonable and necessary costs and expenses incurred by the Policyholder in the investigation, defence and settlement of any Claim of coverage a)
Legal Costs and Claims Expenses:
Legal costs and expenses: Insurers shall pay reasonable and necessary costs and expenses incurred by the Insured in the investigation, defence and settlement of any Claim of coverage within the limit of liability.
Limit of Liability & Annual Premium:
Option 1: HK$5 million any one claim and HK$10 million in the aggregate during the period of insurance (the limit above shall be shared by all insured members)
Annual Premium: HK$2,000 per Insured Member
Option 2: HK$10 million any one claim and HK$20 million in the aggregate during the period of insurance (the limit above shall be shared by all insured members)
Annual Premium: HK$2500 per Insured Member
Period of Insurance:
Annually from 1st July to 30th June (Coverage will end on 30th June for members who enroll after 1st July)
Extensions & Endorsements:
(a) Loss of Documents extension
(b) Libel and Slander extension
(c) Intoxicants or drugs exclusion
(d) Sexual Harassment and Molestation exclusion (Cover is limited to sexual harassment defence cost of HK$100,000 subject to not guilty judgement only)
(e) Amended Definition of Insured – Individual cover
(f) Aids and HIV Exclusion
(g) Surgery/injection/abortion/body slimming/ weight loss exclusion
Worldwide excluding USA and Canada
Deductible : HK$5,000 each and every claim
Full Member/Life Member, Fellow, and Honorary Fellow of Asian Academy of Family Therapy, who resides in Hong Kong.
Note: The insurance company shall reserve the right to reject or impose additional exclusion for individual member subject to details provided in individual member’s proposal form. Full disclosure of potential claims or circumstances likely to cause claim must be declared in the proposal form by the insured member.
Please return the completed and signed declaration form, together with a cheque of HK$2,000 (limit of HK$5 million) or HK$2,500 (limit of HK$10 million) to the following address for the enrollment of Professional Indemnity insurance:
Charterlloyd Insurance Brokers Ltd.
Room 1905, 19/F, Fortress tower, 250 King’s Road, Hong Kong
Attn: Dr. Raymond Chow