Professional Indemnity Insurance is designed to cover a qualified professional for claims arising from allegations that their specialist services or advice has caused financial loss to their customers. Such loses are not covered by a general liability insurance policy. Professional Indemnity insurance enables you to pursue legal avenues to clear your name and defend your reputation – with the backing of a legal and insurance team.
If you provide professional services you need protection for your assets against claims for financial loss, injury or damage arising from an act, error or omission in the performance of those services. Occupational descriptions that include the provision of advice (written or verbal) should consider this sort of protection.
Axiom Insurance Brokerage Services uses a Comprehensive list of Australia’s leading professional indemnity underwriters as well as accessing a tailored package via Lloyds of London. Below are just a few of the professions that require Professional Indemnity cover.