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Insurance Advisory Service
  • Home
  • Our services
    • Our Client Journey
    • Personal Insurance
      • Income Protection Insurance
      • Life Insurance
      • Total and Permanent Disability insurance
      • Trauma Insurance
      • Health insurance
      • Home Contents Insurance
      • Motor Insurance
      • Landlord Insurance
    • Business Insurance
      • Business Expenses
      • Business Interruption
      • Business Property
      • Buy Sell Agreements
      • Commercial Vehicle
      • Cyber Protection
      • Group Income Protection
      • Key Person
      • Management Liability
      • Marine Transit
      • Professional Indemnity
      • Public Liability
    • Financial Advice
      • Estate Planning
      • Investments
    • Superannuation
      • Retirement Planning
      • Self Managed Super Funds (SMSF)
      • Wealth Accumulation
  • Resources
    • Videos
    • EOFY
    • E-Books
  • News & views
  • About
    • The IAS approach
    • The IAS Investment Philosophy
    • Case Studies
      • Trauma Insurance Case Study
      • Business Property Insurance Case Study
      • Business Interruption Case Study
      • Superannuation Case Study
      • Workers' Compensation and Income Protection Case Study
      • Contract Review Case Study
    • Testimonials
    • Affiliates
    • Frequently Asked Questions
    • Compliance

Professional Indemnity

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If you are in a business that offers professional advice or services to clients, have you considered how you would cover legal costs if this were to expose you to litigation?

Most professionals in Australia carry Professional Indemnity Insurance and, in fact, several professions have to carry it by law.

Professional Indemnity Insurance protects you legally and financially against a mistake, omission or grievance a client may have with you regarding advice or a service you provided. It’s a safety net that provides additional legal cover that your Public and Products Liability Insurance generally doesn’t include.

Do I need Professional Indemnity Insurance?

If you provide advice, insight, expertise or services to clients then you almost certainly need Professional Indemnity Insurance. Importantly, Professional Indemnity Insurance is not a reflection on your particular skill level or experience – it is a protection offered against something being overlooked, misunderstood or omitted. Occasionally, it serves as a protection against frivolous and vexatious claims without merit.

What can Professional Indemnity Insurance cover?

Professional Indemnity Insurance may be used to pay legal costs, compensation and any judgment or settlement that may be brought against you or your business.

Other things to consider

Professional Indemnity Insurance products and policies can be daunting, overwhelming and, to the untrained eye, riddled with potential for unintentional exclusions and unnecessary inclusions. The team at Insurance Advisory Service has the capability, knowledge and experience to ensure that you find the best fit and that there are no costly oversights in your policy.

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ABOUT US

Incorporated for over 40 years ensures experience, knowledgeability and skill at identifying unforeseen risks and producing effective strategies. Unlike most brokers, we do not rely upon mathematical formulas or statistical models generated by computers to produce solutions– we believe every client is unique and our approach is tailored accordingly.

CONTACT US

Street Address
Level 2, 273 Alfred Street
North Sydney, NSW 2060
Postal address
PO Box 1073
North Sydney, NSW 2059
Call: (02) 8268 2900

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