PROFESSIONAL INDEMNITY INSURANCE

SERVICES / PROFESSIONAL INDEMNITY INSURANCE

Protection from Damage to Your Business

Business insurance represents a viable risk transfer solution protecting against loss or damage to property arising from an unforeseen insured event and/or accidental damage. Whether you are a sole trader, small business or large corporation, each business insurance policy is customised to meet your specific requirements.

There is also the option to cover consequential loss of revenue or gross profit resulting directly from an insured event which prohibits continuity of your operations. This ensures cash flow is maintained allowing you to meet ongoing costs and retain staff whilst the business is not trading following an incident.

WHO WOULD TYPICALLY REQUIRE PROFESSIONAL INDEMNITY INSURANCE?

Professions that provide advice, designs and services, such as graphic designers, IT consultants, law firms, consultants, accountants, architects and engineers. The insurance protects these professionals from financial costs should a client make a claim against them for a breach of professional duty.

Fast Insurance Enquiry Form

Whether you live in Perth or regional WA, we're here to help. Complete the form below and we will be in touch.

Fast Enquiry Form

This field is for validation purposes and should be left unchanged.

WHAT DOES PROFESSIONAL INDEMNITY INSURANCE COVER?

The coverage will depend on the requirements of the profession. Although generally Professional Indemnity insurance covers any negligent act, error or omission relating to:

  • Legal costs and expenses including claimant’s costs and expenses
  • Payment of damages
  • Loss of documents or data
  • Professional negligence
  • Misleading, inaccurate or negligent advice
  • Breach of intellectual property rights
  • Unintentional breach of confidentiality or privacy
  • Disciplinary proceedings and fines
  • Breach of consumer, competition, and fair trading laws
  • Loss of reputation and professional standing
  • Innocent non-disclosure
  • Malpractice, misdiagnosis, or failure to order the appropriate tests
  • Defamation, libel or slander

THE BENEFITS OF PROFESSIONAL INDEMNITY INSURANCE

  • It provides financial protection for businesses in the event that a client holds them liable for negligence, error or omission.
  • Cover can include legal costs incurred when defending a claim.
  • You can demonstrate to clients that you are taking responsibility and are financially protected in the event of a claim.
  • It helps maintain your professional reputation if a claim is successfully defended.
  • Professional indemnity insurance protects your company’s assets, including intellectual property, in the event of a claim.
  • Compliance with contractual requirements.
portrait-of-happy-business-people-concept-of-financing

WHY CHOOSE WESTSIDE FOR PROFESSIONAL INDEMNITY INSURANCE?

Personal Indemnity Insurance is clearly a complex insurance product especially given the increasingly litigious environment in Australia. Our specialist insurance advisers at Westside Insurance understand the risks associated with each profession, and will provide appropriate financial solutions tailored to your specific service field.

You can rely on our extensive experience and that we will work tirelessly to find the right insurance product to give you the peace of mind you need to successfully drive your business further. Contact us here for a quote.

Michael Davis

Michael Davis

A people-focused business manager, Michael places a high level of importance on creating long-term relationships of value and trust. Spearheading Westside Insurance Specialists for almost 10 years, and in the insurance industry for almost two decades, Michael is well credentialed to provide stellar insurance solutions for his client base.

Linked In