There is no single Professional Indemnity Insurance limit that is suitable for every Town Planner.

Webber Insurance has a specialist insurance facility for Town Planners. The limit options available under the facility still need to be considered against the individual business, its contracts and project exposures.

The appropriate limit may depend on:

• Contractual requirements imposed by councils, developers or other clients.
• Any registration, licensing or professional association requirements.
• The size, value and complexity of the projects you work on.
• Whether you provide strategic, statutory or development planning advice.
• The types of clients and developments you work with.
• The potential financial loss that could arise from an error, omission or delay.
• Whether defence costs are included within the limit or payable in addition to it.
• Whether the limit applies to each claim or across all claims during the policy period.
• The availability of reinstatements after a claim.

A contractual minimum should be treated as a starting point, rather than automatically being accepted as the right limit for the business. Your potential exposure may be higher than the minimum stated in a contract.

It is also important to consider how claims may be aggregated. Several related allegations or claims can sometimes be treated as one claim, while an aggregate limit may restrict the total amount available across the policy period.

You can read more about how a limit of indemnity works.

Before agreeing to a contract or selecting your limit, contact your usual Webber Insurance broker or call 1300 932 237 so we can review the requirements and available options.