Professional Indemnity Insurance protects your business and assets from claims against you for an alleged breach of professional duty. An act, error or omission in the performance of your business can be insured should a third party be injured, have their property damaged or sustain a financial loss. A Professional Indemnity Insurance policy can pay the legal costs and claims from litigation made against you due to a professional failing of your business.
Any level of risk you hold in your business being triggered by the smallest of errors could lead to a third party sustaining a loss and bringing an action against you. Not only does a Professional Indemnity policy provide protection of your business but it also gives you the backing of Australian authorised insurers to defend you.
Traditionally, any business who provides professional advice, design or services would consider holding a Professional Indemnity policy. However in today’s world the net can be cast even further. If you feel you may have Professional Indemnity exposures, please call our office for specific insurance advice.
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