Professional Indemnity
Professional Indemnity Insurance is an essential solution that protects businesses against claims of professional negligence and breach of duty.
- what's covered
Professional Indemnity Insurance protects businesses and professionals against claims arising from actual or alleged negligent acts, errors, omissions or breaches of professional duty in the provision of their services or advice.
It typically covers legal defence costs, settlements and court-awarded damages, helping protect against financial losses resulting from claims of professional negligence, misleading advice, breach of confidentiality, intellectual property infringement and other civil liabilities, subject to the policy terms and conditions.
Professional Indemnity
If your business gives advice or provides professional services, a single mistake can carry a serious financial cost. Professional Indemnity insurance protects you against financial loss, injury or damage arising from an error, or a failure to exercise the level of skill your work requires.
Where that happens, an award may be made in favour of the person who suffers the loss, damage or injury. Any professional who holds themselves out as having a special skill that others rely on should treat Professional Indemnity as crucial cover, not an optional extra.
For full details of the Product Disclosure Statements, please contact us.