Dr. Jim Lafferty provides an update of the different types of indemnity - Discretionary and insurance-based.
Aims and objectives:
- To provide an update of the different types of indemnity – Discretionary and insurance-based
- To enable the practitioner to decide what type of indemnity might be better for an individual practitioner, rather than assuming all products are the same
- To understand the terms regulated, mutual, claims made indemnity, occurrence-based indemnity, insurance, run-off cover, tail cover, nose cover and retroactive cover