Expert advice on professional indemnity insurance
Many professionals such as financial planners, accountants, web developers and designers, marketing professionals and medical professionals take out professional indemnity insurance. For many, it is a legal requirement for them to practise their profession.
This type of cover offers financial protection in the event of legal action undertaken as a result of negligent acts, errors or omissions that occur whilst carrying out their business. It can cover the costs of legal defence and compensation claims.
The terms and conditions that apply to different professional indemnity insurance policies can vary widely. It is important that the cover you take out accurately reflects your circumstances and the nature of your work.
The team at General Insurance Brokers of Australia (GIBA) has decades of experience in guiding professionals in their choice of indemnity insurance. Talk to us today to ensure the professional indemnity insurance policy you take out will protect you adequately in the event of a claim.