PROFESSIONAL INDEMNITY INSURANCE

WHAT IS PI INSURANCE?

PI cover is widely available and may be tailored to safeguard against the specific exposures of your industry.

HOW DOES PI INSURANCE WORK?

Outside of the time and energy expended in dealing with these matters, businesses can be exposed to significant legal costs in defending against claims. An experienced PI insurer and insurance advisor will help provide peace of mind while you run your business.

WHAT IS INCLUDED IN PI INSURANCE?

• Legal and defence costs
• Claims investigation costs
• Damages and claimant costs awarded against you
• Limits up to $20 million available

…ALSO PROTECTS YOU FOR:

• Attendance at Investigations including official investigations, tribunals, enquiries by a registration body and coronial inquiries

• Consultants, Subcontractors & Agents (Vicarious Liability) offering protection for claims arising from those parties which you appoint to provide services on your behalf

• Continuous Cover and the ability to lodge late notifications so long that cover remains in continuous effect with the same insurer

• Public Relations consultants to be engaged in order to protect your reputation if a claim has an adverse affect on your business

• Statutory Liability cover applying to the costs of pecuniary penalties imposed by a judgement (where payable at law)