Personal indemnity insurance protects professional advice and service providing company and individuals against negligence claims from their clients.
Financial Service Providers, Category I or IV, who receive or hold client financial products or funds of or on clients must maintain suitable guarantees of a minimum of R1 million or suitable fidelity insurance and professional indemnity cover of a minimum of R1 million each.
-A reminder to inform your clients if you are a FSP and you have fidelity and/or indemnity insurance
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