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Professional Indemnity Insurance is considered a necessity in professional services and in some industries, it is a mandatory requirement to trade.
As a business owner in a professional services industry If someone alleges that you’ve made a mistake, misstated facts, misinterpreted their interests or breached your professional duty of care they may take legal action against you to recover any losses.
The risk of a client making a claim against you whether the allegation is true is immeasurable, Professional Indemnity Insurance acts a level of protection for your reputation, assets and finances. This means you can continue in the day-to-day operations your business without the stress of financial or reputational ruin should a claim arise.
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exclusions apply to any products referred to in our website. The information provided here is general advice only and has been prepared without taking into account your objectives, financial situation or needs. You should consider these, having regard to the appropriateness of this advice, and the relevant Product Disclosure Statement, available by calling us on 1300 178 628 before deciding to acquire, or to continue to hold, any products.