f you’re in the business of giving advice, you may need Professional Indemnity Insurance.
Designed to protect you against claims for financial loss, injury or property damage arising from an act, error or omission whilst performing a professional service, Professional Indemnity Insurance is essential cover for many occupations.
Included in civil liabilities, but not limited to, are the following:
Breach of duty (including duty of confidentiality)
Loss of or damage to documents
Dishonest/fraudulent/criminal or malicious acts and breach of fiduciary duty (innocent party cover)
Misleading and deceptive conduct under the ASIC Act 2001
Breaches of the Trade Practices Act / Fair Trading Acts (Australian and New Zealand)
It is essential to have professional indemnity insurance if you provide services that use of some special skill or ability. For instance, if you provide your clients with advice on:
Management of their businesses or interests
Typically, professional indemnity insurance is required by:
Real Estate Agents
Because insurance can be complex, we make it our job to ensure we get you the right insurance the first time. This sometimes takes a little longer but it may save you hundreds or thousands of dollars over the years.
All insurance buyers have different needs, and are quoted accordingly. Make sure you get an insurance broker who deals with a variety of insurance companies to offer you the best insurance option for you specific needs. Don’t select a broker (or an agent) who only writes for a one or two companies and can’t offer you choice.
We at Professional Insurance Brokers work with a large number of Australian insurance companies and underwriting agencies, to ensure you get a better range of options for your insurance needs.
Our experienced staff are more than happy to take your call and assist you in determining what kind of strata insurance you actually need and to make sure you secure the right cover the first time to suit your budget. Just call us on 1300 776 346 (1300 PROFIN) and our friendly staff will help you. Alternatively, you can “live chat” with us on the internet during business hours by clicking the link on our website.