Shackleton Risk Management

Unlike certain professions where professional indemnity insurance is mandated by regulatory bodies, such as lawyers or architects, there is no universal legal requirement for builders to have PI Insurance in South Africa. However, this does not diminish its importance. Many construction contracts and projects may stipulate the necessity of PI Insurance as part of contractual obligations or industry standards.

Happy Birthday to our June Stars! 🎉

Join us in celebrating our June birthdays: Suzan Amando, Jacquline Graham, Mbali Malimela, and Amelia Schoeman!

Thank you for your hard work, dedication, and the positive impact you make at Shackleton Risk Management every day.

We wish you all a wonderful birthday month filled with happiness, success, and special moments.

Drop your birthday wishes in the comments below! 👇

Currently, South African law does not universally mandate professional indemnity insurance across all professions. However, certain regulatory bodies and industry associations may require it for specific professions. For instance, professionals like lawyers, accountants, architects, engineers, and healthcare practitioners often face stringent regulatory requirements, which may include compulsory professional indemnity insurance.

In the legal sector, for example, the Attorneys Fidelity Fund mandates that all attorneys in South Africa must have professional indemnity insurance to protect clients against potential negligence or misconduct. Similarly, the Health Professions Council of South Africa (HPCSA) requires registered healthcare professionals to have indemnity cover as a condition of their registration.