Print this page >

Professional Indemnity and General Liability Insurance

Show me the full Policy Wording (PDF)

✔ What's covered

Professional Indemnity

Protects the Insured against civil liability for compensation & costs arising from any claim made within the territorial limits and within the period of insurance arising out of a breach of professional duty.

Limit of Indemnity

Choice of Limits of AUD $1,000,000, AUD $2,000,000, AUD $5,000,000 OR AUD $10,000,000. The LIMIT OF INDEMNITY is to be applied as an aggregate limit in respect of all CLAIMS arising from one or the same source or originating cause. One Reinstatement of the Limit of Indemnity automatically included.

Territorial Limits

Worldwide excluding USA and Canada and their dominions or protectorates.

Governing Law and Jurisdiction

The law of Australia shall govern this Policy and the parties agree to the exclusive jurisdiction of competent courts in the Commonwealth of Australia with respect of any dispute or difference arising.

Automatic Extensions - Professional Indemnity Section 2.
  1. Competition and Consumer Act and other Legislation
  2. Loss of or damage to Documents
  3. Dishonesty of Insured Persons
  4. Fiduciary Dutys
  5. Infringement of Copyright or Patents
  6. Newly Created or Acquired Subsidiaries
  7. Fines and Penaltiess
  8. Appointed Sub Consultants
  9. Contractual Liability
  10. Joint Venture/Consortium
  11. Claim Preparation Costs
  12. Costs of Court Attendance
  13. Public Relations Expenses
  14. Mitigation Costs
  15. Defamation, Libel and Slander
  16. Emergency Defence Costs
  17. Inquiry Costs
  18. Legal Panel
  19. Continuous Coverage
  20. Extended Reporting Period
  21. Run-Off Cover
  22. Severability
  23. Estates and Legal Representatives
  24. Contractors
Excess

NIL each and every claim costs exclusive.

Exclusions - Professional Indemnity Section 2.
  1. Previously known claims or circumstances
  2. Trading Losses and Insolvency
  3. Liability arising out of Employment
  4. Liability Involving Transport or Property Owned by the Insured
  5. Personal Injury and/or Property Damage unless in Breach of a Professional Duty
  6. Product
  7. Pollution or Contamination
  8. Directors & Officers Liability
  9. Trustee Liability
  10. Fraud, Dishonest, Criminal or Intentional Loss Damage or Injury
  11. Certain Legislation
  12. Infringement of Intellectual Property Rights
  13. Payments or Benefits Received
  14. Associated Companies
  15. Retroactive Date
  16. Medical Practitioners Activities
Public/Products Liability - Section 3.

Protects the Insured against Bodily Injury and/or Property Damage from any claim made within the territorial limits and within the period of insurance

Limit of Indemnity

Choice of Limits of AUD $10,000,000 or AUD $20,000,000. The LIMIT OF INDEMNITY is to be applied as an aggregate limit in respect of all CLAIMS arising from one or the same source or originating cause. One Reinstatement of the Limit of Indemnity automatically included.

Territorial Limits

Worldwide excluding USA and Canada and their dominions or protectorates.

Governing Law and Jurisdiction

The law of Australia shall govern this Policy and the parties agree to the exclusive jurisdiction of competent courts in the Commonwealth of Australia with respect of any dispute or difference arising.

Automatic Extensions
  1. Cross Liabilities
  2. Costs of Court Attendance
  3. Indemnity to Others
Excess

Nil each and every claim costs exclusive.

Exclusions - General Liability Section 3.
  1. Advertising Injury
  2. Aircraft, Hovercraft or Watercraft
  3. Aircraft Products or Marine Products
  4. Airport, Aerodrome or Work on Aircraft or Spacecraft
  5. Construction Activities
  6. Cyber Liability
  7. Defamation
  8. Employer’s Liability
  9. Faulty Workmanship
  10. Loss of Negotiable Instruments
  11. Loss of Use
  12. Product Defect
  13. Pollution
  14. Professional Liability
  15. Property Damage
  16. Recall & Re-performing
  17. Vehicles
  18. Market Stalls Product Exclusions
General Exclusions - Section 6.
  1. Fines, Penalties, Punitive, Multiple or Exemplary Damages
  2. Nuclear Risks
  3. War and Terrorism
  4. Asbestos or Toxic Mould
  5. USA/Canada
  6. Loss of Documents - Magnetic or Electrical Media
  7. Contractual Liability
  8. Molestation
  9. Listed Human Disease
  10. Cyber Liability & Social Engineering
  11. Body Piercing & Tattooing
  12. Spinal manipulation
  13. Blood conditions
  14. Sterilised Instruments
  15. Work overseas
  16. Fitness and Sporting Industry
  17. Retreats and conferences

For full policy exclusions, please refer to the policy wording.