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