Special definitions for this section advertising advertising, publicity or promotion in or of your products or services. The issue of professional indemnity insurance is closely linked to management of contractual liability by firms. Limit of indemnity and maximum aggregate limit of indemnity 1 3. Professional indemnity insurance and the practice medical indemnity policy available from avant mutual group limited abn 58 123 154 898 avant mutual are issued by avant insurance limited, abn 82 003 707 471, afsl 238 765 avant. Dual australia consultants professional indemnity wording 0715b 2 dual australia professional indemnity insurance. It can cover legal fees and compensation payments, with the compensation often taking into account the financial loss that the client has suffered. Complete professional indemnity construction policy wording. Professional indemnity insurance responds to claims for breach of professional duty or negligence resulting in financial loss.
Raheja qbe general insurance company limited windsor house, 5 th floor, cst road, kalina, santacruz e mumbai 400 098 telephone. It is important that you comply with all policy conditions and you should familiarise yourself with any requirements contained in the policy. Vero professional indemnity policy wording effective 230519 pdf, 623kb archived policy wordings. Vero itech policy wording v10106 0216 pdf vero association liability policy wording v5783 0207 pdf vero management liability policy wording v6705 1107 pdf legal consultation clause. Limit of indemnity and maximum aggregate limit of indemnity 3 3. Professional indemnity insurance can cover you in the event that a client loses money as a result of negligence in your advice, services or designs. Professional indemnity policy design and construction. Brokers and clients choose dual because we offer comprehensive cover, broad underwriting appetite, competitive premiums, simple transaction and most importantly, we have a. Ansvar insurance professional indemnity policy wording aspolpi important information changes to the insurance policy wording information in this insurance policy wording is subject to change from time to time. Professional indemnity insurance for property professionals policy wording. This insurance is concluded as indemnity insurance.
Vero civil liability professional indemnity insurance policy v9902 1015 i civil liability professional indemnity insurance policy introduction 1 policy wording 1 1. Associations tailored associations liability wording computer consultants it consultants tailored it policy wording consulting engineers excluding building. Professional indemnity policy wording solution underwriting agency pty ltd level 5, 289 flinders lane melbourne vic 3000 t. Complete professional indemnity management consultants policy wording.
No matter how experienced you are or how long your company has been around, errors can still occur during daily operations. The policy wording, endorsements and the schedule shall be read together as one contract the policy. Professional indemnity manchester underwriting management. When we offer insurance products we will state clearly which insurer will underwrite the policy. Allianz insurance plc complete professional indemnity. We provide easily understood cover and a range of extensions that are available to meet your requirements. Any description of cover on this website does not include all terms, conditions and exclusions of any cover we may provide, which will be contained in the policy wording itself. She suffered horrific injuries including brain damage which rendered her a quadriplegic. Just click the links to view, save or print these pdf documents. Get professional liability insurance from qbe one of australias leading insurance providers. Professional indemnity pi insurance is one of the most complex and topical issues affecting the accounting. Prorisk mortgage and finance brokers professional indemnity insurance policy v01.
Dual australia is a leading financial lines market in australia, insuring over 30,000 professional indemnity policyholders every year. Bodily injury bodily injury means physical injury, mental injury, mental anguish, shock, sickness, disease or death. Elite ii professional indemnity insurance policy schedule and wording ed. Further guidance is contained in the policy wording. Aigprofsols policy wording solicitors professional. The insurer will pay up to the policy limit on behalf of the insured all damages and. Procoverprofessional indemnity civil liability insurance. Professional indemnity policy wording wdprofukspag2 15583 1216 avoiding a potential claim against you if. Solution ansvars professional indemnity insurance policy would cover legal defence costs, fines and penalties allowed under the policy.
Corporate professional indemnity insurance from aig in. Reliance professional indemnity insurance policy features content1 professionals like architects, engineers, doctors, lawyers, chartered accountants, and medical practitioners, and services such as medical establishments need to protect their business interests against legal claims for error, omissions, professional neglect for both the. Any sum paid by the insurer under this policy for any one claim shall. Etana commercial professional indemnity policy wording note in granting cover to the insured, the insurer has relied upon the material statements and particulars in the proposal together with its attachments and other information supplied. We will use the information you provide in this form including any supplementary documentation to consider your application for insurance, to determine policy terms. Solicitors professional liability sample wording aigprofsols limit of liability 18 the total amount payable by the insurer under this policy for any one claim shall not exceed the limit of liability. This insurance covers both the cost of claims for compensation that. The cost of defending a claim can be very significant, whether or not the claim is justified and full cost recovery against the claimant is unlikely. Please read the policy wording for full cover information. Professional indemnity insurance for a complex regulatory. It is important that you comply with all policy conditions and you should familiarise yourself with. Professional indemnity insurance in australia chubb.
Disability care jenny had fallen from a horse when she was only five years old. The professional standards council the councils is concerned to ensure the integrity and operation of each states or territorys professional standards legislation the act are not compromised by. By contrast, a public liability insurance policy would cover you when the alleged incident occurs during the policy period, even. Indemnity insurance is an insurance policy designed to protect professionals and business owners when they are found to be at fault for a specific event such. Find out all the fine details regarding professional indemnity insurance from axa by. Chubb elite ii professional indemnity insurance policy. Business activity the activities shown in the schedule, which you perform in the course of your business. Professional indemnity insurance 1 this policy, any endorsements to the policy and the schedule hereto shall be read together as one contract and any word or expression to which a specific meaning has been attached in any part of the policy, its endorsements if any or the schedule shall bear the same meaning wherever it may appear. If during the period of insurance, and as a result of your business activity or advertising on or after the retroactive. Professional indemnity policy wording solution underwriting. Part b1 professional indemnity part b2 general public and products liability the parts. Cover under this section is given on an aggregate basis unless otherwise specified. Civil liability professional indemnity insurance policy. Professional indemnity insurance for secondary intermediaries inc motor trade policy wording ukc01428g.
Elite ii professional indemnity insurance policy wording in consideration of the payment of the premium and in reliance upon all statements made and information provided to chubb, including statements made in the proposal and materials accompanying it, which it is. This professional indemnity insurance policy is underwritten by. For this reason, firms are advised to read and consider the section entitled risk and liability guidance towards the end of this. Our policies cover claims made and notified to us while the policy is in force, and can even cover claims where an allegation relates to an event that occurred prior to the policy start date. Changes in your insurance policy wording will be communicated to you in.
A professional indemnity insurance policy in force covers you for allegations made, regardless of when the professional service was provided. Procover professional indemnity civil liability insurance policy wording 6 d this cover shall not apply to any loss of money, negotiable instruments, bearer bonds or coupons, stamps, bank or currency notes. Preamble in consideration of the payment of the premium to us, we shall provide the cover described in the policy, subject to its terms and conditions, for the insurance period. Technology professional indemnity insurance wording chubb. Professional indemnity additional covers policy wording pdf 225kb. All you need to know about axa professional indemnity insurance. The purpose of this policy statement on professional indemnity insurance 1. Technology professional indemnity insurance relationship of the insurer, the policyholder and the insured in connection with technology indemnity insurance is governed by the insurance policy and by these insurance terms and conditions that represent its integral part. Professional indemnity policy we, allianz australia insurance limited, abn 15 000 122 850, afs licence no. This is key to professional indemnity insurance as claims can take a long time to surface, with mounting investigation and defence costs. Technology professional indemnity insurance wording. Claims conditions require you to provide us with any reasonable assistance and evidence that we require. Find out how our chubb elite professional indemnity insurance comprehensively protects professionals like you against a wide range of scenarios from errors and omissions to defamation and intellectual property infringement. Professional indemnity insurance for property professionals policy.
Find out more about axa professional indemnity insurance by reading and downloading the policy summary and policy wordings. Professional indemnity insurance policies axa insurance. Professional indemnity insurance business insurance qbe au. Schedule means the schedule that forms part of the policy and includes details of the insured and the policy period. Mortgage and finance brokers professional indemnity. Professional indemnity insurance from axa business insurance. Professional indemnity and general liability insurance policy part b policy wording you may select one or both of the following parts of this policy. Professional indemnity policy wording wdpipuksp4 5998 0712 the general terms and conditions and the following terms and conditions all apply to this section. Professional indemnity medical malpractice public and products liability insurance contact please contact your broker for more information regarding berkley insurance australia and their policies. Professional indemnity insurance berkley insurance australia.