Professional Liability - Professional Indemnity, Directors & Officers

In an increasingly litigious and complex world, it is more important than ever to protect a company's financial stability through professional liability, financial and managerial insurance. Whatever the size of your business, our team of business insurance brokers can arrange insurance to meet your specific business needs.

Professional Liability insurance includes:

Professional Indemnity Insurance

Professional Indemnity insurance protects a professional from financial loss, injury or damage arising from a mistake or failure by the professional to exercise the required level of skill. This may mean that an award is made in favour of a person who suffers a loss, damage or injury. A professional may also be held to be liable for a mistake even though there was no negligence.

Therefore, if a professional holds themselves out as having a special skill, which can be relied upon by another, they should consider Professional Indemnity Insurance as crucial.

Directors and Officers Liability Insurance

Directors and Officers Liability Insurance protects the personal assets of directors and officers by providing indemnity for loss arising from a claim as a result of a 'wrongful act' committed by them in the course of performing their duties. It covers mismanagement or breach of fiduciary responsibility, misrepresentation to shareholders, creditors, customers or other constituents, inadequate succession planning or ownership transition, and mismanagement of company pension and benefit plans.

Management Liability Insurance

This cover is intended to provide protection not only for the assets of the individual directors and officers but is also extended to the company for defined exposures.

Employment Practices Liability Insurance

This cover protects you for employment related liability, including wrongful termination, sexual harassment, discrimination and other employment related litigation.

Superannuation Trustees Liability Insurance

The duties and responsibilities of trustees in protecting and managing members’ superannuation fund entitlements are onerous. Though all care may be taken, mistakes do occur which could lead to trustees being personally liable.

Superannuation Trustees Liability Insurances protects a trustee's personal assets in case of such a possibility. It can cover reimbursement to the Trust fund or employer where they have been called upon to pay legal costs on behalf of the trustees.

Defamation Insurance

Defamation is the publication of material about any person or corporate entity which reflects negatively on them to the extent that it is likely their personal or trade reputation will be injured, and/or they are likely to be shunned, ridiculed, avoided or despised.

We can protect you from a claim for unintentional defamation. In addition, it provides cover for unintentional infringement of intellectual property (such as trademark, copyright, design or patent), as well as for actions for unintentional false attribution of authorship, and for invasion of privacy or improper disclosure of sensitive private facts.

Contact Us to discuss with our business insurance brokers Professional Risk Insurance options to suit you and your business.

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