Professional Indemnity Insurance
Safeguard your expertise and reputation with tailored coverage against claims arising from professional advice or services
Minimising Professional Risk
Here at Insurance Advisernet Australia, we like to be prepared for every scenario. We know that no matter how professional or diligent you are in your business, there is always a risk of a mistake being made. That’s why we recommend professional indemnity insurance for those in professions with high exposure. From lawyers to life coaches, you want to be protected if a client or third party chooses to take legal action for an error that you made. We have offices in Taree, Dungog and the Hunter Valley and assist clients throughout the Mid North Coast and Hunter Valley.
Professional indemnity insurance covers the cost of compensating clients for loss or damage resulting from negligent services or advice provided by a business or an individual. This allows professionals to carry out their work with greater peace of mind. Our insurance advisers will work to understand your business needs, assess your potential risk and recommend a policy to suit.
What Is Professional Indemnity Insurance?
Professional Indemnity is a type of insurance that protects businesses against allegations, whether they are proven to be liable or not. For example, an accountant who carries out an audit incorrectly could cause a financial loss for the client, for which that client might seek compensation. If a graphic designer creates content similar to a copyrighted design, the owner of the original design could take legal action. Professional indemnity can cover the damage caused by these types of scenarios. Coverage depends on the policy purchased, but many professional indemnity plans cover:
- Negligence
- Errors & omissions
- Breach of duty
- Civil liability
- Business interruption
- Legal costs
Our brokers offer a range of specialist insurance policies, such as professional indemnity insurance and public liability insurance. We can recommend coverage to suit your level of exposure and allow your business to recover in the event of an incident.