A GUIDE TO PROFESSIONAL INDEMNITY INSURANCE
Exceptional support for professional people
Professional people are subject to more regulation and increased responsibility than ever and are becoming targets of litigation. From GPs to financial planners, specialists to consulting engineers, you need to be aware of your legal rights and take steps to protect yourself. Rose Stanton can help.
Any professional or consultant who provides advice can be liable for compensating a client, which can potentially cripple your business and your livelihood. As governing bodies now have greater powers and today’s increased litigation. So talk to us about your unique situation and we’ll recommend a plan or tailor a product to protect you.
How you’ll benefit from Professional Indemnity Insurance
It provides protection for professionals covering settlement, compensation and damages. Professional Indemnity Insurance also covers significant legal costs and other expenses incurred when defending yourself.
Specialised legal representation
You need specialist legal representation, so Professional Indemnity Insurance ensures you’ll be able to engage skilled legal support to ensure the best outcome.
The financial strain of litigation means you need complete cover, so our Professional Indemnity Insurance solutions offer comprehensive protection to help preserve your reputation and integrity and that of your practice.
Protection that goes further
Here’s an example of the types of expenses you could be covered for:
- Claims for compensation
- Legal costs and expenses
- Intellectual Property
- Trade Practices actions
- Libel and slander
- Fraud and dishonesty
- Previous business
- Outgoing principles
- Infringement of copyright
- Joint venture liability
We can tailor your Professional Indemnity Insurance to incorporate the following policy features:
- Unlimited retroactive cover
- Additional reporting period
- Severability and non-imputation