Professional Liability

Public and Products Liability covers amounts your business becomes legally liable to pay as compensation for personal injury and property damage to third parties as a result of an occurrence in connection with your business. Examples of events which are covered include:

• A client having an accident whilst visiting your premises as well as when you are visiting their premises
• Damage you may cause to clients’ property while you are visiting their premises
• Personal injury to people using products supplied by your business

Public companies, as well as most medium to large private companies, require Directors’ and Officers’ cover to protect the liabilities of their directors and executives. The demand for cover in Australia has been brought about primarily by the evolution of legislation such as the Corporations Act which places an increased focus on the responsibilities of directors.

Policy coverage features include:

• Broad operative clause providing cover to an insured for any loss as a result of a wrongful act
• Full policy limit available for breach of Occupational Health and Safety Laws
• Advancement of defence costs
• Cover for joint ventures and new subsidiaries
• Continuous cover
• Worldwide claim cover
• Optional reinstatement of policy limit

Employment Practices Liability Insurance is designed to protect both a company and its employees when they become legally liable to pay claims made by employees, contract workers, temporary workers or any applicant for employment. These claims may be related to such things as alleged discrimination, unfair dismissal and sexual or workplace harassment.

Policy coverage features include:

• Cover for new subsidiaries
• Advancement for defence costs
• Extended reporting period if required
• Broad operative clause
• Continuity of cover
• Attendance at official investigations or inquiries

Professional Indemnity Insurance protects you from claims if your client holds you responsible for errors, or the failure of your work to perform as promised in your contract.

Organisations may be exposed to being sued by third parties for causing a financial loss as a result of their business activities. Whilst not initially apparent, this may include such things as:

• Design work
• Provision of advice or technical information
• Management of a project on behalf of other joint ventures