Ensure You Have the Right Amount of Cover
Anyone can make errors, but the implications may be highly costly for your organisation if it is found liable for negligence. In addition to this, it may do irreversible damage to the reputation of your firm and result in an expensive legal battle. Because of this, having professional indemnity insurance is quite important; it can protect the assets of your company as well as its reputation in the event that a customer sues you as a result of the advice you provided to them.
The IPS Group offers a full spectrum of financial services for individuals, small to medium businesses, and large corporations.
What We Do
From business insurance protection to complex wealth-creation strategies to smarter financial management.
Pillars of Success
A unique drive and dedication to provide financial services in action, whether you require Insuring or Financial Planning.
Some professions, such as medical, accounting, law, and financial planning, require professional indemnity insurance. The rules differ from one state to the next. Even though it isn't needed by law, it's still a good idea for graphic designers, IT consultants, and other professionals who provide professional services or advice for a price. Even if it is not needed by law, a consumer will frequently insist on this coverage.
Who is it for?
If you provide advice or a paid service, consider Professional Indemnity Insurance. Consultants, accountants, lawyers, architects, building surveyors, and beauticians need professional indemnity insurance. Plumbers, roofers, and electricians need professional indemnity insurance to provide property reports. Protect your business from the financial expense of any lawsuit and the legal costs to fight it.
What does this Insurance cover?
The primary purpose of professional indemnity insurance is to provide cover for liability arising from a breach of professional duty.
Depending on your policy, professional indemnity insurance can cover:
- Liability for Damage as a result of negligent advice
- Legal costs including any awarded against you
- Claim Investigation Costs
- Unintentional infringement of intellectual property rights
- Public Relations / Crisis Management costs
Professional Indemnity Insurance provides broad protection for your business in the event of a professional liablity claim.
What's not covered
Exclusions, the excess you need to pay and limits of liability can vary greatly depending on your
insurer. Policies generally won’t include cover for:
- Commercial liabilities
- Liabilities which results from fraud and dishonesty
- Unpaid fees
Call us today to assess Professional Indemnity Insurance options
If you choose us as your insurance brokers, we'll put our years of experience, in-depth knowledge of the industry, and helpful service to work for you to make sure your home, investment property, or portfolio is well protected in case something unexpected happens. No matter what criteria you give, we will research the market to find the homeowner's insurance policy and personal property coverage that fits your needs.