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FAQ
About
Account

Category with enquiry forms

1Profession

2Risk Details

3Business Conduct

4Financial Position

5Claims History

6Insurance Cover

Profession or Project Type
Please Choose One*
- Solicitors & Lawyers
- Real Estate Agents & Valuers
- Financial Advisors
- Construction Consultants
- Accountants
- Single Project

Risk Details
1. Please provide the following details
a. Title of Project
Location
Street Address Address Line 2 ZIP / Postal Code Country
c. Estimated total contract value of project
d. Estimated total contract value for all of you to be included for this insurance
e. Estimated gross fee income of portion of project to be received by all of you to be included for this insurance
f. Name of Principal
g. Type of project
If "others", please specify
h. Brief description of project (Please also provide full details of the contractual scope of work, contract matrix/structure and conceptual design drawing via attachment)
Upload contractual scope of work, contract matrix/structure and conceptual design drawing
Accepted file types: jpg, png, pdf, jpeg, doc, docx, Max. file size: 10 MB.
2. Please summarise the expected time schedule for the project
Design Phase
Start Date
MM slash DD slash YYYY
End Date
MM slash DD slash YYYY
Construction Phase
Start Date
MM slash DD slash YYYY
End Date
MM slash DD slash YYYY
Maintenance Phase
Start Date
MM slash DD slash YYYY
End Date
MM slash DD slash YYYY
Discovery/ Extended Reporting Period
Start Date
MM slash DD slash YYYY
End Date
MM slash DD slash YYYY
3) Please categorise all the professional services required to be performed by you or on your behalf in connection with this project
4. Which of the following professional duties are required to be performed by or on behalf of you within the provisions of the contract?
a. Administrating retention fund
- Yes
- No
b. Agreeing clearing, forwarding and customs dues
- Yes
- No
c. Approval of detailed design/drawings
- Yes
- No
d. Arranging site insurance
- Yes
- No
e. Authorising progress payments
- Yes
- No
f. Cash flow forecasts
- Yes
- No
g. Certifying final payment/completion
- Yes
- No
h. Co-ordination/expediting
- Yes
- No
i. Cost estimates
- Yes
- No
j. Design criteria
- Yes
- No
k. Drafting contract conditions
- Yes
- No
l. Feasibility studies
- Yes
- No
m. Flow sheets
- Yes
- No
n. Geotechnical services
- Yes
- No
o. Inspection of installation work
- Yes
- No
p. Instructions to Tenderers
- Yes
- No
q. Issuing variation orders
- Yes
- No
r. Measurement
- Yes
- No
s. Quality control and assurance
- Yes
- No
t. Quantity estimates
- Yes
- No
u. Settling contractual claims
- Yes
- No
v. Supervision of commissioning
- Yes
- No
w. Tender adjudication
- Yes
- No
x. Working drawings
- Yes
- No
y. Other (please elaborate)
- Yes
- No
Hidden
Section Break
1) Please supply total numbers of
2) Please supply total numbers of
a) Professionally Qualified Staff
a) Partners/principals/directors
b) Qualified Staff
b) Other Skilled and Technical Staff
c) Other technical (including para legals)
c) Non-Technical(Administration) Staff
c) Other technical staffs
d) Construction Consultant (Other Staffs)
d) Trainee staff
d) Accountant (Other Staffs)
e) Non-technical administrative staff
f) Clerical staff
g) Other staff (please specify)
If "others", please specify
3) Does your practice always require and obtain satisfactory references when engaging employees?
- Yes
- No
Are you a Sole Proprietor?
- Yes
- No
4) State the experience of your assistants and their length of service.
5) What arrangements do you have to assist you during your temporary absence on business, leave, sickness, or unforseen emergency?

Business Conduct
1. Are there any aspects of the project (or part of the project) which:
a. Do not utilise well-established tried and tested techniques
- Yes
- No
b. Comprise or include prototype or innovative construction techniques, designs or materials?
- Yes
- No
c. Involve the performance of professional services in regards to off-shore or sub-aqueous works?
- Yes
- No
d. You are unfamiliar with and/or do not fall within the scope of work with which you are experienced?
- Yes
- No
e. Are unusual with regards to the performance quality, durability or tolerance required?
- Yes
- No
f. You consider should be brought to the insurer’s attention?
- Yes
- No
If ‘yes’ to the above, please provide details
Hidden
Section Break
1) Has the name of your practice ever been changed?
- Yes
- No
If "Yes", please provide details
2) Has any other practice or business amalgamated or merged with your practice?
- Yes
- No
If "Yes", please provide details
3) Have you purchased any other practice or business?
- Yes
- No
If "Yes", please provide details
4) Is any partner, principal or director connected or associated (financially or otherwise) with any other practice or business?
- Yes
- No
If "Yes", please provide details
4) Does the practice undertake work for any firm, company or organisation in which any partner, principal or director holds a position whereby he is able to make major policy decisions on behalf of such firm, company or organisation?
- Yes
- No
If "Yes", please provide details
5) Please list the professional bodies or associations to which you and/or your practice belong.
5) Are you authorised by the MAS under the Financial Advisers Act to provide financial advice?
- Yes
- No
6) What is your FAA Licence
Details of Activities
5.1 Do you facilitate overseas investments for local investors?
- Yes
- No
5.2 Do you promote tax effective investments for expatriates or residents of Singapore with citizenship elsewhere (e.g. tax effective planning for UK Citizens working in Singapore)?
- Yes
- No
5.3 Do you hold a binding authority with any insurer (including cover note books or “immediate issue” policy pads)?
- Yes
- No
If "yes", please elaborate
5.4 Do you provide services to customers not resident in Singapore, or work for clients located overseas?
- Yes
- No
If "yes", please elaborate
Type of work done
- Life Insurance Sales
- Financial Planning
- General Insurance Sales
Percentage of total revenue
Life Insurance Sales
Endowment Life Insurance
Global Health Plans (Worldwide Cover)
Investment-linked Life Insurance
Shield Plans (Medical or Eldershield enhancement)
Term Insurance
Universal Life Insurance
Whole Life Insurance
Others (Please specify)
If Others, Please specify
In respect of Life Insurance activities; Please list the Life Insurance Companies you deal with:
General Insurance
Accident & Health (Inc. Disability)
Credit/Surety Insurance
General Accident (Inc. Public Liability)
Marine or Aviation
Motor Insurance
Personal Lines (e.g., Travel, Home)
Professional Liability
Property (Inc. Business Packages)
Worker/Employee Compensation
General Insurance Sales (Others)
If "others", please specify
In respect of General Insurance placements, are you licensed by MAS to place general insurance?
- Yes
- No
What is your license number?
Financial Planning
Alternative Investments (e.g., Hedge funds)
Global Savings Accounts
Unit Trust Sales
Investment Advice (Others)
If "others", please specify
2) In respect of Investment Advice: Do you promote or sell strategies that encompass:
3.1.1 Investments other than cash bonds or liquid equity
- Yes
- No
3.1.2 Real estate property investments other than REITs listed on SGX
- Yes
- No
3.1.3 Hedging strategies for either equity or foreign exchange
- Yes
- No
3.1.4 Unit trusts not listed on the SGX
- Yes
- No
If you have answered "Yes" to any of the above, please supply details
3.2 What percentage of your clients funds are placed directly with third party fund or equity asset managers
3.3 Are you financially associated (either directly or indirectly) with any of the fund or equity asset managers you use?
- Yes
- No
If you have answered "Yes" to the above, please supply details
3.4 Do you engage in discretionary trading on behalf of your clients?
- Yes
- No
If you have answered "Yes" to the above, please supply details
Risk management
1. Please provide details of the methods of control used to monitor and supervise the activities of your appointed representatives.
2. Are staff instructed never to sign proposal forms on behalf of clients?
- Yes
- No
3. Do you have set questionnaires that solicits relevant information about the clients’/ investors’ specific needs and circumstances?
- Yes
- No
4. Do you have a standard letter or engagement outlining your duties and the respective clients responsibilities?
- Yes
- No
5. Do you have standard disclaimers or warranties that you use/apply with all advice?
- Yes
- No
If “Yes” to Part F.3, F.4, or F.5 please provide a copy of these.
Max. file size: 512 MB.
6. Are all contracts reviewed by a law firm experienced in your profession?
- Yes
- No
If "No", please supply details on how you review and approve contracts
7.1 In respect of investment advice or financial plans, are they individually tailored to meet the specific needs, goals and investment objectives of your respective clients?
- Yes
- No
7.2 In respect of investment advice or financial plans, are they solely provided by registered advisors?
- Yes
- No
7.3 In respect of investment advice or financial plans, are they counter reviewed and signed off by a financial advisory manager of the firm?
- Yes
- No
8. Do you guarantee the future performance of any investment or financial plan?
- Yes
- No
If ‘yes’ to the above, please provide details
9. Do you maintain a list ‘approved’ investment products and other products you promote?
- Yes
- No
If “Yes”, how are these ‘approved’ products selected and how often is the list reviewed?
If “No”, how do you determine which products to promote?
10. Do you engage consultants, sub-contractors or agents?
- Yes
- No
10.1 If "Yes", Do you insist they carry their own professional indemnity insurance?
- Yes
- No
10.2 If "yes", Do you enter into any hold-harmless agreements or otherwise waive any legal rights or entitlements which you may have against such consultants, sub-contractors or agents?
- Yes
- No
6) Please detail the approximate percentage of your fees or other consulting income derived from the following fields of work:
a) Commercial conveyancing
b) Residential conveyancing
c) Criminal litigation
d) Civil litigation
e) Tax, estate and trustee
f) Corporate law (other than M&A)
g) Mergers & acquisitions
h) Patent, trademark & copy right
i) Others
6) Please detail the approximate percentage of your fees or other consulting income derived from the following fields of work:
a) Estate Agency (General Practise)
b) Valuation
c) Auctioneering
d) Rent collection
e) Strata title/property management
f) Loss assessment/adjustment
g) Insurance agency/financial institutions agency
h) Property conveyancing/ settlement agency/land broking
i) Project management
j) Other (please specify)
6. Please categorise your activities or business conducted and indicate the approximate percentage of your fee income derived from each activity.
ai) Audit - Public Companies
aii) Audit - Private Companies
b) Accounts Preparation/ Book Keeping
c) Payroll
(d) Tax Advice - Public Companies
dii) Tax Advice - Private Companies
dii) Tax Advice - Individuals
(e) Directorships/Secretarial Positions
(f) Insolvencies, Liquidations & Receivership
(g) Executorship And Trusteeship
(h) Corporate Financing
(i) Mergers And Acquisitions
(j) Management Consulting
6. Please categorise your activities or business conducted and indicate the approximate percentage of your fee income derived from each activity.
ai) Consultant Engineering - Civil
aii) Consultant Engineering - Structural
aiii) Consultant Engineering - Mechanical
aiv) Consultant Engineering - Electrical
av) Consultant Engineering - Acoustical
avi) Consultant Engineering - Geotechnical/Soil/Foundation
avii) Consultant Engineering - Heating and Ventilation
aviii) Consultant Engineering - Mining
aix) Consultant Engineering - Nuclear
ax) Consultant Engineering - Environmental
(b) Architecture
(c) Drafting
(d) Town Planning
ei) Surveying - Building Surveying
eii) Surveying - Land Surveying
eiii) Surveying - Quantity Surveying
(f) Interior Designing
(g) Project Management/Construction Management
(h) Registered Inspection/Accredited Checking
Hidden
Section Break
5. Do you do any work or give any advice regarding investment and trading documents or related matters?
- Yes
- No
If "Yes", please provide details
6. Do you do any work or give any advice to Financial Institutions?
- Yes
- No
If “Yes”, please provide the percentage of your work done for such Financial Institutions
7. Do you engage consultants or sub-contractors?
- Yes
- No
If "Yes", a) do you insist they carry their own professional indemnity insurance?
- Yes
- No
If "Yes", b) do you enter into any hold-harmless agreements or otherwise waive any legal rights or entitlements which you may have against such consultants or sub-contractors?
- Yes
- No
7) Have you undertaken any other activities in the past for which cover is required?
- Yes
- No
If "yes", please elaborate
7) Please detail the approximate percentage of your total work in the following areas:
a) Domestic property
b) Industrial/commercial property
c) Rural property
d) Hotel/licensed premises
e) Plant/machinery
f) Other (please specify)
Hidden
Section Break
7. Please indicate the approximate percentage of the total fees that your business derives from work where the main contract or interest is:
If "yes", please elaborate
8) Do you or have you done any work or given any advice to financial institutions?
- Yes
- No
If "yes", please elaborate
8. Do you undertake valuations?
- Yes
- No
8.1) Please detail the approximate percentage of your fee income FOR VALUATION WORK derived from the following areas:
a) Domestic property
b) Industrial/commercial property
c) Rural property
d) Hotel/licensed premises
e) Plant/machinery
f) Municipal valuations
g) Other (please specify)
Hidden
Section Break
8. Are verbal reports always confirmed in writing?
- Yes
- No
If “No”, how do you substantiate such verbal reports?
8. Have you undertaken any other activities in the past for which cover is required?
- Yes
- No
If "Yes", please provide details
9. Do you perform work outside of Singapore, or work for clients located overseas?
- Yes
- No
If “Yes”, please supply locations and details of work.
9) Are valuations only undertaken by professionally qualified and/or licensed valuers?
- Yes
- No
If “No”, please supply details.
9) Do all instruments issued for the operation of bank account(s) bear at least two signatures where the amount of such instrument exceeds $10,000?
- Yes
- No
If “No”, what checks do you have in place?
9. Does your practice have a system in place for ensuring that time limits and critical dates are met?
- Yes
- No
If “No”, how do you keep track of such time limits and critical dates?
10. Do you envisage any substantial changes in your activities, or are there any major new operations contemplated during the next 12 months?
- Yes
- No
If “Yes”, please supply details.
10) Does your practice have a system in place for ensuring that time limits and critical dates are met?
- Yes
- No
If “No”, how do you keep track of such time limits and critical dates?
10) Do you provide strata title management?
- Yes
- No
If "yes", please provide the approximate number of blocks managed during the last 12 months
10. Please provide a brief description and fees of the five (5) largest contracts(in terms of contract value) undertaken over the past five (5) years:
11.1) Please state the number of agencies with binding authorities
11.2) Please state the number of agencies without binding authorities
11.3) Please state the percentage of total premium written for a) property or business packages
11.4) Please state the percentage of total premium written for b) liability
11.5) Please state the percentage of total premium written for c) Other Classes
11. Do you engage consultants, sub-contractors or agents?
- Yes
- No
11) Do you have a standard letter of engagement outlining your duties and the respective clients’ responsibilities
- Yes
- No
12) Do you have a standard disclaimers or warranties that you use/apply with all advice?
- Yes
- No
If you have answered “No” to either C11 or C12, how do you outline your duties and responsibilities to the client?
12) Please provide brief description, location, type and fees for the five (5) largest contracts undertaken over the past five (5) years
12. What percentage of your work is subcontracted out?
13) Please provide a brief description and fees of the five (5) largest contracts(in terms of contract value) undertaken over the past five (5) years:
13) Does any contract or client represent more than 50% of your annual work or fees?
- Yes
- No
If "yes", please elaborate
13. What is the nature of the work undertaken by them?
14) Do you engage consultants, sub-contractors or agents (other than real estate agents)?
- Yes
- No
14) Do you engage consultants, sub-contractors or agents?
- Yes
- No
14.1) If "yes" , do you insist they carry their own professional indemnity insurance?
- Yes
- No
14.2) If 'Yes", do you enter into any hold-harmless agreements or otherwise waive any legal rights or entitlements which you may have against such consultants, sub-contractors or agents?
- Yes
- No
14) Do you perform work outside of Singapore, or work for clients located overseas?
- Yes
- No
If “Yes”, please supply locations and details of work.
15. What percentage of your work is subcontracted out?
15) Do you envisage any substantial changes in your activities, or are there any major new operations contemplated during the next 12 months?
- Yes
- No
If "Yes", please provide details
16) What is the nature of the work undertaken by them?
16) Are verbal reports always confirmed in writing?
- Yes
- No
If “No”, how do you substantiate such verbal reports?
17) Do you perform work outside of Singapore, or work for clients located overseas?
- Yes
- No
If “Yes”, please supply locations and details of work.
18) Do you envisage any substantial changes in your activities, or are there any major new operations contemplated during the next 12 months?
- Yes
- No
If "Yes", please provide details

Financial Position of the Corporation
1. Please advise the date of your financial year end
MM slash DD slash YYYY
2. Please provide the amount of gross income/fees for the following
A) Period - Estimated Coming year
Singapore
Others
B) Period - Estimated Current year
Singapore
Others
C) Period - Last year
Singapore
Others
3. Please provide the amount of the largest annual fee for any one client
3. Please provide the amount of the largest annual fee for any one client and supply details of contract/work.
4. Please provide the approximate percentage of your activities (based on fee income) applicable to each country/region from which you derive a portion of your income.
Singapore
Asia
Europe
USA/Canada
Others

Claims History
1) Has any partner, principal, director or staff member ever been subject to disciplinary proceedings for professional misconduct?
- Yes
- No
If “Yes”, please supply details.
2) Have any claims for negligence or breach of professional duty been made in the last ten (10) years against your practice or any of its predecessors in business or any prior practice of any of your practice’s present or former partners, principals or directors, or have circumstances been notified to insurers that might give rise to a claim?
- Yes
- No
If “Yes”, please provide the following details in respect of each matter on your company’s letterhead and attach:
• Date of Claim made
• Name of Insurer (if any)
• Name of Claimant or Potential Claimant
• Brief description of matter and latest update • Amounts (If any) of claim paid and estimated outstanding amounts
• Is matter finalised or outstanding and when was the last update?
• What actions have been undertaken to prevent a recurrence of the situation which gave rise to each claim?
Accepted file types: jpg, jpeg, pdf, png, doc, docx, Max. file size: 10 MB.
If "Yes", please supply details
3. Are there any circumstances not already notified to Insurers which may give rise to a claim against you?
- Yes
- No
If “Yes”, please provide the following details in respect of each matter on your company’s letterhead and attach
• Name of Claimant or Potential Claimant
• Brief Description of Matter
• Estimate of Potential Liability
Accepted file types: jpg, jpeg, pdf, png, doc, docx, Max. file size: 10 MB.
3) Are any of the partners, principals or directors, AFTER ENQUIRY, aware of any claim or circumstances that might give rise to a claim against your practice or any prior practice or any of their present or former partners, principals or directors which matter is not referred to in question F.2 above?
- Yes
- No
If "Yes", please provide the following details in respect to each matter.

Insurance Cover
1. Limit of indemnity required:
2. Deductible/Excess requested (Each and every Claim):
Period of Insurance (From)
MM slash DD slash YYYY
Period of Insurance (To)
MM slash DD slash YYYY
1. Does your practice presently carry, or has your practice ever carried, professional indemnity insurance?
- Yes
- No
If “Yes”, please supply details:
Insurer
Expiry Date
MM slash DD slash YYYY
Limit of Indemnity
Deductible
Hidden
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2. Has your practice or any partner, principal or director ever been refused this type of insurance, or had similar insurance cancelled, or had an application of renewal declined, or had special terms imposed?
- Yes
- No
If “Yes”, please supply details.
Application For Cover
1. Limit of indemnity required:
2. Deductible/Excess requested (Each and every Claim):
3) Extensions
i) Automatic Extensions
• Libel and slander Automatically Included
• Loss of documents Automatically Included
• Consultants, subcontractors and agents Automatically Included
• Intellectual property Automatically Included
• Joint venture liability Automatically Included
• Newly created or acquired entity or subsidiary Automatically Included
• Run-off cover insured entity or subsidiary Automatically Included
• Estates and legal representatives Automatically Included
• Outgoing principals Automatically Included
ii) Please indicate if you seek cover for the following optional extension.

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