Professional Indemnity is mandatory for some industries, but optional for others.
Read MoreProfessional Indemnity is mandatory for some industries, but optional for others. Professional Indemnity provides protection against your legal liability resulting from your professional services. Coverage is available for personal injury, property damage as well as pure financial loss to third parties. Professional Indemnity operates on a ‘Claims Made’ basis, meaning that the cover you have in place at the time of a claim being made against you is what responds, not the cover you had in place when the incident occurred.
If your business provides advice to others it is worth having a detailed discussion with your broker about where your exposures lie. You may be exposed in ways that you do not realise.
The information provided on this page that may have been implied is General Advice only and does not take into consideration your specific needs, risk appetite or financial requirements. Please contact our office to discuss and review your needs and the appropriate financial product best suited to meet your requirements . Before purchasing any financial product, you should always read the Product Disclosure Statement to ensure the product is suitable for your needs.
Running a business leaves you personally liable as a Director. Any actual or alleged breaches of the Corporations Act could spell disaster for your personal financial situation.
Read MorePublic & Products Liability isn’t mandatory but is recommend for all businesses. Losses are generally infrequent but significant.
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