Why You May Want To Consider Professional Indemnity Insurance
We are all human and we all make mistakes, therefore expensive lawsuits can arise from dissatisfied clients at anytime. So if you’re providing professional advice or services, insurance to protect your exposure to Professional Risks is essential.
The cost of Professional Indemnity cover
Premiums vary depending on your occupation and the sum insured required (Normally ranging from $1 Million to $10Million).
Who needs this Insurance:
Generally anyone involved with providing professional services including such professions as:
Structural Engineers /Surveyors
Geotechnical Engineers / Soil Testers
What does Professional indemnity Insurance cover?
Libel & Slander
Fraud & Dishonesty
Loss of Documents
Trade Practices Act
Costs & Expenses
Disciplinary Proceedings & Enquiry Costs and various other risks
At CIA we can:
Help protect your business and reputation if your advice or services caused a client and other parties to suffer financial loss and legal proceedings commence
Ensure that the business can carry on as normal without the stress of financial ruin should a claim arise
Ensure Principals, Partners and employees are covered in case of any potential claims brought against you
Ensure adequate coverage for any legal costs, judgments or settlements that you or your business may have to pay to compensate the suing party’s
LET’S DISCUSS YOUR NEEDS