74Corporate policies to extend to all liability

74 Corporate policies to extend to all liability

74 Corporate policies to extend to all liability

(1) A professional indemnity policy issued to a body corporate must indemnify each registered professional engineer who, at any time before or during the term of the policy, is a registered employee of the body corporate, for all liability of the professional engineer incurred—

(a) while the registered professional engineer was a registered employee of the body corporate, and

(b) in the course of the registered professional engineer carrying out professional engineering work on behalf of the body corporate.

(2) The indemnity must extend to a person who has been a registered employee of the body corporate regardless of whether the person ceased to be a registered employee before the policy commenced.