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Professional Indemnity Insurance

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Professional Indemnity Insurance

What does professional liability insurance cover? Anyone is capable of making errors, but if your business is found liable for negligence, the costs can be financially devastating. In addition to potentially leading to an expensive lawsuit, your company's reputation may suffer as a result. This is why professional indemnity insurance is important - to protect your assets and reputation if your advice causes a client to sue you.

Who needs Professional Indemnity Insurance?

Some professions, including medicine, accounting, law, and financial advisors, are required by law to carry professional indemnity insurance, with state-by-state requirements varying. Even if it is not required by law, it is recommended for anyone providing professional services or advice for a fee, such as graphic designers, IT consultants, and others. It is frequently a customer requirement that you have this coverage in place, regardless of your legal obligation. Professional indemnity insurance helps cover the costs associated with legal action brought about by your professional advice.

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Wymark Insurance Brokers - Wollongong

Level 1 17 Flinders Street, Wollongong, NSW 2500

02 4202 6174

Wymark Insurance Brokers - Melbourne

47/195 Wellington Road, Clayton, VIC 3168

1300 797 830
03 8566 7247

Wymark Insurance Brokers (Melb) Pty Ltd T/as Wymark Specialty | ABN: 88 627 915 039 is a Corporate Authorised Representative No. 001282067 of Aviso Select Pty Ltd T/As Aviso Select | ABN: 37 097 567 710 | AFSL No: 239049

Wymark Insurance Brokers (Melb) Pty Ltd ABN: 88 627 915 039 is a Corporate Authorised Representative No. 001282067 of Wymark Insurance Brokers Pty Ltd ABN: 11 010 863 966 AFSL: 238769.

AFS Brokers Pty Ltd T/as Wymark Insurance Brokers Wollongong | ABN: 42122949044 is a Corporate Authorised Representative No. 001282067 of Aviso Select Pty Ltd T/As Aviso Select | ABN: 45 001 366 847 | AFSL No: 239049

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