Insured Profession definition

Insured Profession or “Insured Practice” means the profession described in the “Declaration Page(s)”, performed in accordance with the legislation regulating the practice of such profession.

Insured Profession means the rendering of professional services in conducting the profession designated in the Schedule (description of profession) but does not include the rendering of any service not customarily or regularly rendered in the conduct of such profession The insured profession shall not include the designing, testing, manufacturing, producing, assembling, selling, supplying, maintaining or repairing of any product by an Insured.

Examples of Insured Profession in a sentence

• The "Insured" shall take all reasonable steps to minimize the "Legal Expenses" being incurred and/or the cost of "Legal Consultation", and/or the costs of retaining any “Expert Witness” consistent with maintaining the "Insured’s” status in the "Insured Profession" and the "Insured’s” right to engage in his or her "Insured Practice".

• The provision of the Insured Profession is outside of the Territorial Limits both shown in the Schedule.

• Breach of Professional Confidentiality ExtensionThe Insurers will extend cover to indemnify an Insured person for Claims made against them during the Period of Insurance in respect of a breach of confidence in connection with the Insured Profession stated in the Schedule.

• Errors & Omissions ExtensionThe Insurers will extend cover to indemnify an Insured person for Claims made against them during the Period of Insurance arising out of financial loss to third parties caused by any negligent act, error or omission committed by the Insured person in the course of the Insured Profession stated in the Schedule.Insurers shall not be liable for:i.

• By anyone who has not less than five years’ experience in the Insured Profession; or by anyone who is aged not less than 21 years, and has not less than two years supervised experience in the Insured Profession with the Insured, and is pursuing professional qualification in accordance with (a)(i), however, such reports or valuations being approved by a (a)(i).

• The Insured shall take all reasonable steps to minimize the Legal Expenses being incurred and/or the cost of Legal Consultation, and/or the costs of retaining any Expert Witness consistent with maintaining the Insured’s status in the Insured Profession and the Insured’s right to engage in his or her Insured Practice.Except as otherwise provided in this endorsement all terms and conditions of this policy shall remain unchanged.