Professional Indemnity Insurance in Gympie and Hervey Bay

Protect your business against claims for loss or damage

Professional Indemnity Insurance covers you for claims arising from allegations that your specialist services or advice caused financial loss to your customers/clients.

Brokers who offer professional indemnity insurance in Gympie

Protect your business against claims for loss or damage.

What is Professional Indemnity Insurance?

Public and Products liability policies generally exclude claims arising for breach of professional duty, particularly where there is a fee paid for advice or a service.

Public liability insurance policies also don’t provide cover where there’s only financial loss, which are generally insurable only under a specialist Professional Indemnity insurance policy.

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What is a Professional Indemnity policy?

Professional Indemnity policies indemnify the insured person for amounts which they become legally liable to pay as a result of any actual or alleged negligent act, error or omission in the conduct of their business or profession. Costs and expenses incurred to investigate, defend or settle any claim are also included, in some circumstances in addition to the policy limit, otherwise inclusive of the limit.

Do you need Professional Indemnity Insurance?

A professional is defined as “anyone who gives expert advice and/or services to another person”. No matter what type of advice, design or area of the professionals occupation, errors and omissions can occur.

Financial loss arising from a mistake or failure by a professional may result in an award in favor of an external party (often your client). You may be deemed liable for mistakes, errors or omissions, even if the act was not negligent.

A Professional Indemnity policy is designed to protect the personal assets of a professional against damages awarded against them. It also covers the costs and expenses of defending claims.

Please contact our experienced team to discuss your Professional Indemnity Insurance options.

Phone: (07) 4151 6001

Email:  info@northwestinsurance.com.au

Please contact our experienced team to discuss your Professional Indemnity Insurance options.

Call (07) 4151 6001   Email: info@northwestinsurance.com.au

or Complete the Online Quote Request Form

Professional Indemnity Insurance from Northwest Insurance
Professional Indemnity Insurance from Northwest Insurance

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Davkat Enterprises Pty Ltd T/A Northwest Life ABN 59 105 784 469Corporate Authorised Representative No. 254625

Kev ThomasAuthorised Representative No. 235340 of The FinancialLink Group Pty LtdABN 12 055 62 967   AFSL No. 240938