Professional Indemnity Insurance covers liability for claims that arise from a breach of professional duty should you be found negligent. Cover is also provided for errors and omissions made by your business.
When advice is your livelihood, the right professional indemnity cover can offer peace of mind, security and most importantly, protect your valuable reputation. Professional indemnity insurance enables you to pursue legal avenues to clear your name and defend your reputation – with the backing of a legal and insurance team. Many businesses underestimate the real cost of legal action. The cost for a defence can be in the hundreds of Thousands of dollars. Many businesses – especially small businesses – would struggle to fund these costs.