PROFESSIONAL INSURANCE~ Brisbane and Regional Queensland
If you are giving advice as part of the services you offer your clients, you will need Professional Indemnity Insurance. In most cases, you may also need to have Public and Products Liability Insurance.
PROFESSIONAL INDEMNITY INSURANCE
Professional Indemnity insurance covers your business for “Advice Given”, particularly when the advice is given for a fee. It is designed to provide protection for Errors and Omissions where financial loss by third parties has occurred as a result of professional negligence on your part or members of your staff.
You may also require or already have in place, Public Liability Insurance. Public Liability insurance covers legal liability to third parties for causing bodily injury or property damage through negligence or an accident on the part of the individuals, your company or employees. This insurance does not cover Professional Indemnity or financial loss as this is excluded under all public liability policies.
Professional indemnity cover is important for all companies and individuals that provide advice or professional services. Typical professions that would require this cover could be Accountants, Trainers, Safety Consultants, Solicitors, Engineers and many others. Protection can be provided against claims arising from:
- Any Negligent Act, Error or Omission.
- Unintentional Infringement of Intellectual Property Rights.
- Loss of Documents or Data entrusted to you.
- Unintentional Libel, Slander or Defamation.
- Unintentional Breach of Confidence.
- Unintentional misuse of Confidential Information
Other variations of insurance can be provided to protect your professional financial exposures. These products include, but are not limited to:
- Management Liability.
- Directors and Officers Liability.
PUBLIC AND PRODUCTS LIABILITY INSURANCE
PUBLIC LIABILITY INSURANCE
Public Liability Insurance covers you, your company or employees for legal liability to third parties for causing accidental bodily injury or property damage through negligence. This insurance does not cover Professional Indemnity of financial loss as this is excluded under all public liability policies.
PRODUCT LIABILITY INSURANCE
Product Liability Insurance covers a company’s liability for losses or injuries caused by a defect or malfunction of their product. Products can be manufactured, retailed, wholesaled or imported. It may be required to protect you against misuse of your product where a warning has not been given against such misuse. It can be even be extended to the failure of packaging or materials.
Your Insurance Adviser is a specialist in Consultants Insurance. He will discuss your needs and then compare policies and premiums available from multiple insurers to find you the most cost effective cover.
Contact us for an obligation free review and quote. .