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Professional Indemnity

In today’s litigious society, claims against companies and individuals for breach of professional duty resulting in a financial loss are becoming more commonplace.

Professional Indemnity Insurance is designed to provide you and your company with financial protection when claims of this nature arise. It will give you peace of mind when providing advice to your clients.

Any company or individual providing professional advice or services can be held liable for financial loss arising from errors or omissions committed by themselves or their employees. A Professional Indemnity policy will insulate you against this financial exposure, even if a claim against you fails in court.

Professional Indemnity insurance can also extend to cover the legal costs you incur in the defence of a claim.

A Professional Indemnity policy will empower you with greater control and security over the future of your business.

Please Note: Below are some of the more common insurance policy features, however, the list is not exhaustive and some features may not be offered by certain insurers. Please refer to the insurer specific policy wording for inclusions, exclusions, terms and conditions.

Covered Features

  • Professional Indemnity  Loss of Documents

    Loss of Documents

    Coverage for loss of documents by the insured or any person to whom they have entrusted them. Will cover the costs to replace or restore lost or damaged documents.

  • Professional Indemnity  Fraud and Dishonesty

    Fraud and Dishonesty

    Policy cover for dishonesty or theft by employees provided that you have not condoned or committed the dishonest, fraudulent or criminal act that resulted in the loss.

  • Professional Indemnity  Defamation

    Defamation

    Provides cover for any claim made alleging libel, slander or defamation.

  • Professional Indemnity  Reinstatement of Indemnity Limit

    Reinstatement of Indemnity Limit

    Most Professional Indemnity policies will allow a reinstatement of the policy limit in the event that the initial limit has been eroded.

  • Professional Indemnity  Advancement of Costs and Expenses

    Advancement of Costs and Expenses

    Defence Costs, Legal Representation and Public Relations expenses will be advanced prior to the final disposition of a claim.

  • Professional Indemnity  Bodily Injury & Property Damage

    Bodily Injury & Property Damage

    In some cases your policy can be extended to provide cover for an error or omission which results in a Third Party suffering injury or damage to property as a result of a breach of professional services.

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