Insurance Products

Professional Indemnity Insurance

Professional Indemnity Insurance provides protection to an individual and/or company from claims made against them by a third party seeking financial compensation arising from a breach of their professional duty.

Professional Consultants providing a service, including advice and design, find this type of insurance to be essential protection, as it provides indemnity for claims brought against the insured business for financial loss, injury or damage arising from a breach (or an alleged breach) of the insured’s professional duty in the course of conducting business. Principals, Partners and employees of the business are covered. This insurance aims to protect the business position and assets in the event of a claim, endeavouring to ensure that business can carry on as normal. The insurance generally aims to provide protection for:

• Settlements, compensation and/or damages awarded against them
• Legal costs and other expenses associated with defending a claim

Policy features may include:

• Trade Practices Legislation
• Libel and slander dishonesty
• Loss of documents
• Defence costs
• Official enquiries cover

Please Contact Us now on 03 86150600 to speak directly to a Principal or Senior Adviser about how best to protect your business.

Selecting The Right Policy

It is very important that you understand your insurance requirements and the extent of your policy coverage. Policy coverage is always subject to the terms, conditions and exclusions of the insurance contract and policy wording provided by the insurer.

You will find that each insurance company has its own policy wording and therefore the coverage can vary considerably from one insurer to another. So it becomes vital that you compare each policy based on the appropriateness of cover for your individual or business needs.

As Insurance Advisers, it is our role to understand the terms and conditions and apply them to your individual business needs. We rely on our extensive international and national experience in specific sectors of insurance to select the right insurance for your business. We can then provide advice and tailor make the best insurance program to reduce risk and provide peace of mind.

For expert advice, real experience and a comprehensive understanding of your business and it's insurance requirements.
Call now on 03 8615 0600 and arrange a no-obligation consultation with a member of the PACE Insurance team.