Articles

“The rights of the surety“

Rights of the surety are as follows: Did you know that in terms of Section 70(5) of the Insolvency Act , 24 of 1936 (“the Act”) the Master and the surety for the trustee, or any person authorised by such surety, shall have the same right to information in regard to an estate account opened…

Read Article > about “The rights of the surety“
Benefits of dealing with Shackleton Risk

Some benefits you can expect when dealing with Shackleton Risk Management: There is no excess payable for attorneys in respect of the Professional Indemnity Insurance product. This excess is usually anything between R25 000 and R150 000 so in the event of a claim, this is a HUGE upfront saving for the firm. We employ…

Read Article > about Benefits of dealing with Shackleton Risk
What is Professional Indemnity Insurance?

Professional Indemnity Insurance is a type of business insurance that provides coverage for professionals who provide advice or services to clients. It protects professionals from financial losses in the event that a client alleges negligence, errors or omissions, or breach of professional duty resulting in damage or loss. Professional Indemnity Insurance covers our clients for…

Read Article > about What is Professional Indemnity Insurance?
The importance of misappropriation of Trust Fund and Professional Indemnity Insurance for attorneys in South Africa

There has been an increasing prevalence of misappropriation (theft) of funds from attorneys’ trust accounts in these difficult economic times. Stories of attorneys who cannot account for trust funds abound; and the Law Societies are inundated with complaints.  This highlights the importance of Misappropriation of Trust Fund coverand Professional Indemnity Insurance for attorneys. Many attorneys erroneously believe that…

Read Article > about The importance of misappropriation of Trust Fund and Professional Indemnity Insurance for attorneys in South Africa