Professional Indemnity Insurance
Professional indemnity insurance protects a business and its employees when they are sued for an act, error or omission in relation to the provision of professional services. Complicated legal issues relating to professional indemnity can result in the professional incurring significant legal costs in protecting their business and their professional reputation. Professional Indemnity Insurance policies provide protection for the professional against those costs and the resultant impact on their business and their livelihood.
Professional Indemnity Insurance policies usually include:
- Claims preparation costs
- Compensatory penalties
- Consultants, subcontractors and agents
- Continuous cover
- Court attendance costs
- Estates and legal representatives
- Extended notification period
- Intellectual property inquiries
- Joint venture
- Libel, slander and defamation
- Loss of documents
- Loss mitigation and fee recovery
- Merger / takeover / sale / winding-up of insured – run-off coverage
- Newly created / acquired subsidiary company
- Past subsidiary company
- Public relations expenses
- Reduction of deductible
Financial Planners & Accountants
We have a comprehensive understanding of Financial Planning and Accounting Practices and therefore we can provide you with market leading Professional Indemnity cover at some of Australia’s most competitive premiums as well as lower excesses/deductibles. In a time where we see a practices margins squeezed whilst at the same time we see Professional Indemnity premiums continually rising it is well worth obtaining a quote from Wealth Guard Insurances to see what we can do for you.
Asset Managers & Funds Managers
Through the use of specialised local and overseas Underwriters and Insurers we can assess your existing insurance program then provide cost effective and competitive insurance solutions for both retail and wholesale investment management organisations.
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Find out how Wealth Guard can help protect your business our insurance solutions.
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