PI Financial Risk Services

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A NEW BENEFIT Exclusively for IITPSA Members.

Professional Indemnity Insurance “PI” at a special rate for IITPSA Members.

“The IITPSA Members own Professional Indemnity Insurance Scheme exclusively for IITPSA Members”.

In the interests of providing added value to Members, the IITPSA has negotiated a special PI Insurance Scheme for Members that provides very competitive premiums, wide coverage and also affords Legal Advice when required to protect your interests.

What is Professional Indemnity Insurance? ”PI”

Professionals face potentially crippling claims against them personally and in their businesses arising out of actual or alleged Negligence or Breach of Professional Duty in the performance of their services in their chosen Profession.

Employers, Principals and Regulators are also imposing much more onerous responsibilities on all professional services providers.

Professional Indemnity Insurance protects the IT Professional against such claims both as regards:

  • Damages that may be awarded, and, perhaps what is more important,
  • Legal Defence Costs: bearing in mind that a single day in court can cost >R 150 000 it is essential to have the cover to get the best Defence.

A special PI Insurance Scheme exclusively for IITPSA Members.

Please be advised that we are revisiting this benefit, since company ownership, etc. has changed.

The Scheme was negotiated with PI Financial Risk Services (Pty) Ltd  “PIFRS” a market leader in PI insurance for over 25 years. They provide a full Advisory and Broking service to Members. Note that Members who wish to make use of this benefit deal directy and contract with PIFRS (not IITPSA)

All you need to do is visit their website www.pifrs.co.za , or click on the link on our website, complete an application and receive a no obligations free quotation and advice.

PIFRS is a juristic representative and division of firstEquity Risk Management Services (Pty) Ltd, an Authorised Financial Services Provider.