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Professional Indemnity Insurance is tailored for businesses that offer professional advice or services. It provides coverage for legal fees and compensation in the event a client claims that your advice or service resulted in their financial loss.
Whether or not the allegation is true, regardless of the merit of a claim, your Professional Indemnity Insurance is designed to pay for your defence as well as any judgments or settlements that you or your business may have to pay to compensate the suing party, up to stated policy limits.
This policy pertains to those who are sought out for their advice as part of their profession, such as doctors, lawyers, consultants, accountants, real estate agents, brokers, engineers, and architects.
We have you covered.
PI insurance protects professionals against claims for negligence, errors, or omissions in the services they provide.
Professionals like consultants, architects, accountants, and IT specialists who offer advice or services should consider PI insurance.
It covers legal fees, settlements, and damages resulting from claims of professional negligence or mistakes.
In some industries and regions, PI insurance is required by law or professional bodies.
The amount depends on the size of your business, the nature of your work, and potential risks involved.
Yes, if your policy includes retroactive cover for services provided before the policy start date.
Notify your insurer as soon as you become aware of a potential claim, and they will guide you through the process.
Yes, it can cover the costs of defending against unfounded claims, helping to protect your professional reputation.
We believe in working closely with you to understand your unique needs and preferences, ensuring that the insurance coverage we offer is affordable and precisely tailored to meet your requirements.
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Professional Lines Insurance Brokers Pty Ltd T/As PLI Brokers (CAR 1308221| ABN 54 601 665 141) Corporate Authorised representative of Community Broker Network Pty Ltd | AFSL 233750 | ACN 096 916 184
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