Protect Your Business & Reputation Against Advice You Give with a Tailored Professional Indemnity Insurance Policy

Get advice from a specialist professional indemnity insurance broker and enjoy the peace of mind knowing that your business is protected – without the financial strain of having to defend yourself in the event of a claim.
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Your Current Insurance Policy Could Be Leaving Your Business Vulnerable to Uninsured Risks

If you’re like many business owners, you’ve taken out a standard off-the-shelf Professional Indemnity insurance policy direct with an insurance company. 

But did you know that the insurance retailer you purchased this from has NO liability to ensure your insurance policy is actually right for your business?

This means that while they take your hard earned money…

You’re the one taking the risk. Without tailored cover or advice, your business is left wide open to the exposure of uninsured risks, should something unforeseen happen.

And no matter how experienced you are, mistakes do happen.

That’s why a tailored Professional Indemnity policy is vital for your business.

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Protect Your Business By Getting Insurance Advice From a Broker That Works for You (Not the Insurance Company)

Working with a broker means you receive tailored advice and have the full protection you need should you make a mistake, without the financial strain of having to defend yourself.

Our team works for you, not the insurers, which means we are obligated to provide personal advice and are accountable for making sure your business has the right insurance in place.

With hundreds of insurers in the market, we hand-pick the insurers we work with (and have built strong relationships with) to ensure you receive the best policy, advice and comprehensive cover tailored to your business activities.

We Get to Know You and Your Business, So We Can Find You an Insurance Policy That Eliminates Your Exposure Risks

We know that every business is different, so your insurance cover should be too. No matter the type of business you run or requirements you have, we will find the right insurance policy to match – starting with a free consultation.

Learn the Ins and Outs of Your Business

In our initial consultation, we ask the questions to get to know the ins and outs of your business. This allows us to understand exactly what your insurance requirements are.

Identify All Potential Risks

This opens up conversation to other risks your business may face (that you may be unaware of) to ensure there are no gaps exposed. We go far beyond surface level conversations so we can identify all of the risks your business faces on a daily basis – which cannot be obtained through an online quote comparer.

Provide Advice on the Best Cover

This then determines the type of cover and policy we recommend, taking into consideration your entire business, personal assets and livelihood.

We Do All The Work For You

From here, we do the groundwork for you by tailoring a policy to your requirements. We add and remove inclusions and exclusions as required. Plus, we know which insurers have the greatest desire to insure the work you do, so you can obtain better insurance, faster.

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What Does Professional Indemnity Insurance Cover?

Professional Indemnity insurance will give you protection should you make a mistake and provide advice that leads to a loss for your client, without the financial strain of having to defend yourself.

By having the right Professional Indemnity insurance in place, you will be covered for:

  • Claims for an alleged breach in your professional duty.
  • Payments and legal fees if you make a mistake in your work or advice. Compensation is usually based on the financial loss that you have caused your client to suffer.
  • The cost of investigating and defending claims made against you.
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Who Needs Professional Indemnity Insurance?

All professions that provide advice should have a Professional Indemnity policy in place. Occupations include:

  • Consulting Engineers
  • Building Designers
  • Design and Construct
  • Environmental Consultants
  • Accountants
  • Architects
  • Engineers
  • Consultants / Contractors
  • IT Professionals
  • Real Estate Agents
  • Event Planners
  • PR / Publishers

Get Comprehensive Cover in 7 Easy Steps

Get started with a no-obligation consultation with one of our award-winning brokers. We’ll get to know you and your business to determine the right cover for you.

After this, we’ll do the research for you and provide you with multiple quotes – while you continue to do what you do best and run your business!

  1. Request a free, no-obligation consultation
  2. We’ll evaluate your enquiry and be in touch within 24 hours
  3. Confirm a time for you to chat directly with one of our brokers
  4. Discuss your business and insurance requirements
  5. Provide tailored advice and submit your information to our insurance partners 
  6. Present you with multiple quotes for comprehensive cover
  7. Enjoy the peace of mind that your business is protected, should something unforeseen happen
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Still looking for more information?

Download Our Guide, ‘8 Critical Things You Must Know Before Taking Out Professional Indemnity Cover’.

Inside, you’ll discover:

  • How to save time when researching insurance policies, and identify the level of cover you actually need
  • How to ensure your business is covered for past work (without any gaps or loopholes)
  • What you must disclose so your insurer doesn’t reduce or refuse a claim, OR cancel your policy
  • The crucial things you must look for in a policy, so you don’t have to pay any defence costs yourself
  • Tips to help you replace an off-the-shelf policy with tailored cover and personalised advice
  • And MUCH MORE!

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Insurance Advice You Can Trust From a 5X Elite Broker

As a business owner, taking out the right insurance policy will be one of the most important decisions you ever make, so it’s important to choose a broker you can trust.

Named an Elite Broker 5 out of the last 6 years, Webber Insurance Services prides ourselves on working for you to provide quality advice tailored to your business.

Join the thousands of clients we have helped to simplify the insurance process for.

After all, nothing beats working with the ‘go to’ broker for specialised insurance needs.

Request Your Free Consultation

Our Customers Love Us… We Know You Will Too!

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Frequently Asked Questions

Who or what is classified as a professional?

If you hold yourself out as giving advice and/or provide services of a skilful nature you may be regarded as a ‘professional’.

That means persons other than those in ‘traditional’ professions, such as lawyers and accountants, are now considered to be professionals – e.g. engineersinformation technology consultants, graphic designers and financial planners.

Why does a professional need a Professional Indemnity (PI) policy?

It is required by law that the professional exercise the required skill to an appropriate level expected by that profession. Professionals are only human and mistakes do happen.

Any financial loss, injury or damage arising from an act, error or omission by the professional to provide the required level of skill may mean that an award is made in favour of a person who suffers a loss, damage or injury.

Of course you may also be required to hold a professional indemnity insurance policy by law, to be a member of a professional association or as a contractual requirement.

What protection does a professional indemnity policy provide?

A PI policy safeguards a professionals personal and business assets in the event of a claim, therefore ensuring that he/she or the practice is able to carry on their business.

A PI policy will fund the defence of a claim therefore protecting the cash flow and balance sheet of the professional business.  Professional Indemnity policies vary in cover from insurer to insurer so you need to compare each policy carefully.

What does a Civil Liability Professional Indemnity wording cover?

It indemnifies the insured for claims arising from any civil award imposed by a civil court, as opposed to criminal liability or penalties enforced by a criminal court.

A Civil Liability Professional Indemnity wording is broader than a ‘negligence wording’, as it will indemnify the insured for claims arising from strict liability where no negligence is involved.

Why do I have to fill out a proposal form?

To provide the insurer with the minimum level of information to adequately understand your business. You may also need to provide a corporate brochure, CV or capability statement to support your proposal form.

What is a ‘claims made and notified’ policy? How does it differ from an ‘occurrence policy’?

Professional Indemnity insurance is a ‘claims made and notified’ policy.

This means that is a requirements of the policy that and any fact, situation or circumstance that may result in a claim, be notified to the insurer within the period of insurance.

The actual error (or alleged error) could occur at any time if there is retroactive cover, or otherwise it must occur during the period of insurance.

The insured must not have had any prior knowledge of the fact, situation or circumstance before the period of insurance. In an ‘occurrence’ wording such as Public Liability policies, the circumstance must occur during the period of insurance whilst the notification of this event can occur at any time subsequently.

What is the retroactive date?

Retroactive date is the date after which acts, errors or omissions of the insured are covered.

That is, any act, error or omission arising from work done after the retroactive date will be covered under the policy.

What is continuous cover?

Continuity of cover is essentially a loyalty bonus.

It means that if someone who was insured with an insurer in unbroken successive periods notifies the insurer of a claim or circumstance in a subsequent period which should have been notified in an earlier period, then that claim will be covered under the latter policy, but subject to the smaller sum insured of the two applicable policies.

‘Non-disclosure’ issues and ‘known circumstances’ exclusions will not be raised. However, prejudice due to delayed notification may be taken into account in the adjustment of the claim.

What is automatic reinstatement?

Unlike other liability policies, the sum insured of the Professional Indemnity policy is limited so that the limit applies to the aggregate of all claims against the policy in the policy period.

The automatic reinstatement allows this aggregate limit to be increased, while the limit for any one claim remains the limit of the sum insured.

For example a policy with $1,000,000 Sum Insured with ONE automatic resentment allows the insured to have 2 claims for $1,000,000 each during the policy period but not one claim for $2,000,000.

What is meant by a ‘circumstance’?

The test of what is a ‘claim circumstance’ and whether it ought to be notified is an objective one. That is, would a reasonable person in the position of the insured have realized that the circumstances may give rise to a claim?

When in doubt, notify the insurer especially if the events in question give you cause to be concerned that a claim may arise. In circumstances where you are aware of your negligence, it is no excuse for the late notification of a claim circumstance simply to wait and see if a formal complaint is made.

What do costs inclusive’ excess and ‘costs exclusive’ excess mean?

Costs inclusive excess means the insured must pay the amount of the excess towards the legal and defence costs.

Costs exclusive excess means the insured does not pay any excess towards the legal and defence costs, but only pays the amount of the excess towards the settlement of any claim.

A Costs Exclusive Excess is more favourable to the insured but will generally cost more, not all insurers provide a costs exclusive excesses.

Claims examples possibly covered under a Professional Indemnity Policy

  • Negligence arising from a Breach of Professional Duty due to an act, error or omission
  • Fraud and Dishonesty of staff
  • Libel, Slander or Defamation against a third party
  • Loss of client documentation
  • Legal liability for damages and claimants’ costs/expenses arising from the act, error or omission/civil liability of the “Company’s” employees
  • Wrongful or inadequate advice to client(s)
  • Acting without proper instructions from the client
  • Failure to act in accordance with client’s instructions or at all.
  • Failure to advise client
  • Breaches of Trade Practices Act/Fair
  • Trading Legislation- misleading or deceptive
  • Breaches of Statute – eg; Corporations Law, Uniform Consumer Credit Code

Don’t Put Off Your Insurance Any Longer

To arrange your obligation-free consultation with a broker, simply complete the form and we’ll contact you soon.

What happens next?
  • Contact us for a free consultation
  • If we are the right fit, you will be offered a free, no-obligation consultation with an expert broker
  • Our team will find the best policy for you
  • You can sit back and relax while we handle the rest of the insurance process for you
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Insurance advice you can trust