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Professional Indemnity and General Liability Insurance

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✔ What's covered

Professional Indemnity

Protects your company against civil liability for compensation & costs arising from any claim made during the policy period arising out of a breach of professional duty.

Limit of Indemnity

from AUD $250,000 to $5,000,000 any one claim and in all including cost & expenses plus an automatic reinstatement.

Territorial Limits

Worldwide excluding the United States of America and Canada

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.

Extensions to Professional Indemnity Section
  1. Competition and Consumer Act and other Legislation
  2. Loss of or Damage to Documents
  3. Dishonesty of Insured Persons
  4. Fiduciary Duty
  5. Infringement of Copyright or Patents
  6. Newly Created or Acquired Subsidiaries
  7. Fines and Penalties
  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. Run-Off Cover
  20. Severability
  21. Estates and Legal Representatives
Excess

$500 each and every claim costs exclusive.

Conditions

As per Policy Wording.

Exclusions under 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’ and 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
Public & Products Liability

Provides your company with protection against Injury and/or Damage occurring in connection with the Business during the Period of Insurance and within the Territorial Limits.

Limit of Indemnity

Limit of AUD $20,000,000 any one Occurrence or series of Occurrences arising out of any one cause and in all during the Period of Insurance.

Territorial Limits

Worldwide Excluding the USA and Canada

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.

Cover
  1. Bodily Injury
  2. Damage to Property
Excess

$500 each and every claim costs exclusive.

Conditions

As per Policy Wording.

Exclusions under 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

For full policy terms, conditions and exclusions, please refer to the policy wording.