New policy from Guardian
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.
“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.
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.