What types of claims are covered in a professional indemnity policy?
Professional negligence claims are covered by Professional Indemnity insurance. Claims for wrongful advice or faulty designs are common examples of Professional Indemnity claims. A frequent example is an architect, who makes a mistake on a building plan, resulting in a property being built incorrectly or in the wrong place. Another example is a financial consultant, giving incorrect advice to one of their clients, which leads to them suffering a financial loss.
For many businesses, Professional Indemnity insurance is a must-have. For an obligation free quote or review of your insurance requirements, contact the friendly and knowledgeable staff at Westralian Insurance.
Call (08) 9302 1388 or visit www.westralianinsurance.com.au