Good News For Practising Management Consultants - Free Professional Liability Insurance Coverage Up To $5 Million For Any Claims Of Breach Of Duties Or Infringement From Their Clients
February 27, 2014 (Newswire) - More than 600 Practising Management Consultants (PMCs) in Singapore will enjoy free Professional Liability Insurance Coverage up to $5 million under a special scheme taken up by Singapore Business Advisors and Consultants Council (SBACC) with AIG Asia Pacific Insurance Pte Ltd.
This scheme is the first of its kind in Asia Pacific initiated by SBACC to uphold the professional standard of conduct and services of PMCs in Singapore. Only PMCs who have passed the stringent criteria in terms of professional conduct and services and possess a valid Practising Certificate issued by SBACC are entitled to such free Professional Liability Insurance Coverage, up to $250,000 for any single claim.
Local and foreign businessmen, especially the SMEs, are encouraged to engage these certified PMCs to provide consultancy services for their business upgrading or development plans. The particulars of these PMCs are listed on SBACC's Website (www.sbacc.org.sg).
The summarised coverage of the scheme can be found from link below:
About Singapore Business Advisors and Consultants Council
The Singapore Business Advisors and Consultants Council (SBACC) is an independent, national, not-for-profit organisation set up to promote and advance the professionalism of management consultants and business advisors in Singapore. To this end, SBACC establishes and upholds internationally recognised standards of performance and conduct for its certified management consultants and registered business advisors, while encouraging the continual upgrading of professional knowledge and skills among management consultants in Singapore.
More details of the Insurance Scheme are available on SBACC's website www.sbacc.org.sg
For more information, please contact:
Mr Ivan Chong & Mr Reed Tan
Marketing and Customer Service Department
Singapore Business Advisors Consultants Council
Tel: +65 6272 3238 (office)