R10,000,000 limit
R10,000,000 Professional Indemnity cover
The highest standard tier, typically reserved for large practices bidding on major infrastructure, public-sector or multinational client work.
Who typically requests this limit
- Large or multi-office practices with contract values regularly exceeding R5,000,000
- Firms bidding on major infrastructure or public-sector projects where tender conditions specify this or a higher limit
- Technology and professional service businesses with US, UK or European client exposure, where litigation risk and expected damages run higher
- Practices where a single claim at a lower limit could plausibly exceed available cover, given known project or engagement values
Contractual & tender requirements
- A standard floor for state-owned entity (SOE) tenders, national infrastructure projects and many public-sector appointment panels
- Frequently mandated in Master Service Agreements with multinational clients, particularly where US or Canada exposure is involved
- Some tenders specify this as a per-claim (any-one-claim) requirement rather than in the aggregate — confirm which structure the tender expects before quoting
Premium implications
Cover at this level is placed on a fully underwritten, refer-only basis in virtually all cases — it is not available through an instant online quote. Pricing is bespoke, reflecting your specific claims history, contract concentration, sector exposure and often requiring input from specialist insurers rather than a single standard market. Expect underwriting to take longer than lower-tier applications, so it's worth starting the process ahead of a tender deadline rather than against it.
Limit vs excess: what's the difference?
Your limit of indemnity is the maximum amount your insurer will pay out for a covered claim, or across all claims in the policy period if your limit applies in the aggregate. Your excess is the amount you contribute toward each claim before the insurer's payment applies. The two are set independently — you can hold a high limit with a modest excess suited to your risk profile, or accept a higher excess to reduce your premium. Choosing a limit does not determine your excess, and vice versa; both should be set deliberately based on your claim exposure and risk appetite.
Aggregate vs each-and-every claim
Some PI policies apply the limit of indemnity “in the aggregate” — the total available across all claims made during the policy period. Others apply it “any one claim” (each-and-every-claim), where the full limit is available again for every separate claim, regardless of how many arise in the period. An aggregate limit can be eroded quickly if you face multiple claims in one year, while an each-and-every-claim structure gives broader protection for higher-claim-frequency professions, priced accordingly. Always confirm which structure applies before comparing quotes on the basis of limit alone.
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Other limits of indemnity