How does Professional Indemnity insurance differ from General Liability insurance?

General Liability insurance typically covers claims for bodily injury, property damage, and personal injury, whereas Professional Indemnity insurance specifically covers claims arising from professional services or advice, such as errors, negligence, or omissions in the delivery of those services.

If you've got questions, Westralian Insurance can help!  Our team of fully qualified insurance brokers are here to assist with your business insurance queries.  We are locally owned and operated, so give us a call today on (08) 9302 1388, or visit www.westralianinsurance.com.au

Can I tailor my Professional Indemnity insurance to suit my specific needs?

Yes, many insurers offer customisable Professional Indemnity insurance policies that allow you to tailor coverage limits, deductibles, and additional features to suit your business' specific requirements and risk profile.

For more information and a confidential chat with a qualified insurance broker, give the team at Westralian Insurance a call today!  Call (08) 9302 1388, or visit www.westralianinsurance.com.au

Do I need business insurance for a home-based business?

Business insurance for a home-based business is similar to business insurance for shops, offices and business situations.  Business equipment that would be excluded under a home insurance policy can be insured on a home-based business policy.  Common items included on such policies would be stock for online sales and deliveries and contents of a home office.  Public liability cover can also be included which would cover risks such as a member of the public visiting your home for business purposes and injuring themselves.

There are plenty of successful businesses running from home these days, so having the right insurance cover is crucial in safeguarding your business.

For a knowledgeable and friendly conversation with an insurance professional located in Perth, in real time, call Westralian Insurance.  Call (08) 9302 1388 or visit www.westralianinsurance.com.au today!

Can Professional Indemnity insurance cover retroactive claims?

Yes, many Professional Indemnity policies can include retroactive coverage, which protects against claims arising from incidents that occurred before the policy's effective date, provided that the policyholder was unaware of the potential claim at the time of purchasing the policy.

If you have insurance questions, Westralian Insurance can help.  Give our friendly and professional team a call today, on (08) 9302 1388, or visit www.westralianinsurance.com.au

What are common exclusions in Professional Indemnity insurance policies?

Exclusions can vary depending on the insurer and policy, but common exclusions may include claims arising from criminal acts, intentional wrongdoing, contractual liabilities not covered by the policy, and certain types of liabilities (e.g. bodily injury or property damage, which are typically covered by other types of insurance).

Professional Indemnity insurance is essential for those engaging in professional practice, including consultants, lawyers, financial planners, architects, engineers and more.

If you've got questions, Westralian Insurance can help.  We'll also ensure you and your business are fully protected, with an integrated insurance solution. Give our friendly, qualified team a call today, on (08) 9302 1388 or visit www.westralianinsurance.com.au

How much Professional Indemnity insurance do I need?

The amount of coverage needed depends on factors such as the nature of your business, the level of risk associated with your profession, contractual requirements from clients, and regulatory obligations.  It's important to assess your specific risks and consult with an insurance advisor to determine appropriate coverage limits. Typical limits of cover range from $250,000 to $10 million.

If you've got questions, Westralian Insurance can help!  Give our team a call today on (08) 9302 1388, or visit www.westralianinsurance.com.au

What does Professional Indemnity insurance cover?

Professional Indemnity insurance typically covers legal defense costs, settlements, and damages awarded in claims arising from allegations of professional negligence, errors, or omissions. It may also cover legal costs associated with defending against allegations, even if the claims are groundless.

If you've got questions, Westralian Insurance can help.  Give the professional team a call today, on (08) 9302 1388, or visit www.westralianinsurance.com.au