New pol­icy from Guardian

Daily Nation (Barbados) - - News -

Guardian Gen­eral In­surance has opened its door to pro­fes­sional ad­vi­sors.

For the first time in Bar­ba­dos, the largest prop­erty and ca­su­alty in­surer in the re­gion is of­fer­ing pro­fes­sional in­dem­nity in­surance (PII) to Caribbean mem­bers of The So­ci­ety Of Trust & Es­tate Prac­ti­tion­ers (STEP).

And dur­ing a me­dia con­fer­ence at its head­quar­ters in Up­per Col­ly­more Rock, St Michael, on Wed­nes­day, ex­ec­u­tive man­ager Nigel Adams ex­plained the new pol­icy would now give pro­fes­sional ad­vi­sors such as lawyers, the chance to have cov­er­age.

Wrong­ful acts

“Guardian Gen­eral In­surance Lim­ited wishes to an­nounce this morn­ing that it will be pro­vid­ing pro­fes­sional in­dem­nity in­surance pro­tec­tion to Caribbean mem­bers of The So­ci­ety Of Trust & Es­tate Prac­ti­tion­ers (STEP) against losses which may arise as a re­sult of wrong­ful acts com­mit­ted by in­sured mem­bers,” Adams said.

“The pol­icy will also cover claims aris­ing as a re­sult of the pro­vi­sion of cer­tain cor­po­rate ser­vices per­formed for their clients,” he added.

As­sist­ing

Adams said rein­sur­ance bro­ker AON and Lib­erty Mu­tual In­surance were also as­sist­ing in the new ini­tia­tive and he also thanked David Deane Con­sul­tancy for its role in setting up the pro­gramme.

Also present at the press con­fer­ence was man­ag­ing direc­tor of To­tal As­set Man­age­ment Ser­vices, Eveliny Ar­nal­forde, whose com­pany was the first to sign on to the pro­gramme.

The head of the cor­po­rate and trust ser­vice provider thanked both Guardian Gen­eral and David Deane Con­sul­tancy for their ef­forts in cre­at­ing the ini­tia­tive and get­ting To­tal As­set Man­age­ment Ser­vices on board.

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