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Professional Indemnity - Quote Requirements

Required Documents

Mandatory for All Quotes

  1. Trade License
  2. Valid business registration
  3. Shows business activity

  4. Required for underwriting

  5. Emirates ID

  6. Owner or director ID
  7. Valid and current

  8. For identification

  9. Additional Documents (as needed)

  10. Based on business type
  11. As requested by underwriter

Required Information

Basic Policy Details

Field Purpose
Product Code 5050, 5060, or 5070
Limit of Liability Coverage amount (AED 50K to 4M)
Policy Start Date When coverage begins
Policy End Date When coverage ends
Insured Name Business/individual name

PI-Specific Information

Field Purpose
Retroactive Date Earliest date for covered claims
Professional Category Type of business/profession
Business Activity Services provided

Pricing Selection

Standard Packages

Choose from fixed-price options:

  • AED 50,000 limit → AED 2,100 (incl. VAT)
  • AED 500,000 limit → AED 2,100 (incl. VAT)
  • AED 1,000,000 limit → AED 2,100 (incl. VAT)
  • AED 4,000,000 limit → AED 7,350 or AED 10,500 (incl. VAT)

Above Standard Limits

For limits above AED 4,000,000: - Requires underwriter referral - Custom pricing provided - Additional documents may be required

Underwriter Referral

When Referral Is Required

Cases that need underwriter approval: - Limits above standard packages - High-risk professions - Complex business structures - Adverse claims history - Non-standard coverage requests

Referral Process

  1. Submit initial quote with documents
  2. Underwriter reviews risk
  3. Additional information requested (if needed)
  4. Approval or decline decision
  5. Quote issued if approved

Quote Creation Process

Step-by-Step

1. Collect Documents - Trade License - Emirates ID - Any additional documents

2. Select Coverage - Choose limit of liability - Confirm pricing from standard packages - Note if referral needed

3. Enter Policy Details - Insured information - Policy period - Retroactive date

4. Submit for Processing - Standard limits: Immediate quote - Above standard: Underwriter referral

Product-Specific Requirements

5050 - Professional Indemnity (General)

Typical Professions: - Consultants - Engineers - Architects - IT professionals - Service providers

Information Needed: - Business activity description - Professional qualifications - Years in business

5060 - Medical Malpractice

Covered Professions: - Doctors and physicians - Medical specialists - Healthcare facilities

Additional Information: - Medical license - Specialty certification - Facility accreditation (if applicable)

5070 - Directors & Officers Liability

Covered Entities: - Company directors - Corporate officers - Board members

Additional Information: - Company registration - List of directors - Corporate structure

Validation Rules

Mandatory Checks

Retroactive Date: - Must be on or before policy start date - Cannot be future dated

Policy Period: - Typically 12 months - End date after start date

Limit of Liability: - Must match available packages - Or flagged for referral if above

Next Steps