Why do I need Professional Indemnity insurance?
Professional Indemnity insurance covers professional errors and omissions, wrongful advice and professional negligence.
It is vitally important for any business that gives advice or provides design services.
Professions that should consider P.I. insurance include insurance brokers, solicitors, architects, management consultants and environmental consultants to name a few!
Professional Indemnity claims are not as common as Public Liability claims but they are often very expensive and involve a large amount of legal costs. Westralian Insurance recommends that most businesses consider at least a $2 million indemnity limit.
Although not a legal requirement, the insurance industry considers Professional Indemnity to be one of the most important policies for any small, medium or large business to consider.
For more helpful advice and an obligation-free quote, call the knowledgeable and friendly staff at Westralian Insurance, on (08) 9302 1388, or visit www.westralianinsurance.com.au