[vc_row el_class=”main_heding”][vc_column][vc_custom_heading text=”Professional Indemnity & Public Liability Insurance” font_container=”tag:h1|font_size:48px|text_align:center|color:%230b4670″ google_fonts=”font_family:Lato%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C700%2C700italic%2C900%2C900italic|font_style:300%20light%20regular%3A300%3Anormal” el_class=”main_title”][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”Comprehensive Professional Indemnity & public liability Insurance protection for your Business” google_fonts=”font_family:Lato%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C700%2C700italic%2C900%2C900italic|font_style:300%20light%20regular%3A300%3Anormal”][vc_column_text]No matter how successful you are you always need protection against potential claims exposure and expensive litigation – a real threat in today’s business environment. In response to these issues, insurers have provided a combined Professional Indemnity and Public Liability policy to provide comprehensive protection for your professional business.

Professional Indemnity insurance provides comprehensive protection from claims for financial loss, bodily injury or property damage arising from the performance of your professional services. The policy will also advance defence costs to your business fund the defence of the claim protecting both your reputation and the cash flow of the business.

Public and Products Liability covers payouts, awards, legal fees and other expenses made against you by a third party as a result of a negligent action, resulting in personal injury or property damage to their property caused by you or your business.[/vc_column_text][/vc_column][/vc_row][vc_row full_width=”stretch_row” css=”.vc_custom_1475579596856{background-color: #f7f7f7 !important;}”][vc_column width=”1/2″][vc_column_text]Personal Injury cover includes:-

  • Death, bodily injury, disease, disability and mental anguish
  • False arrest, wrongful detention and malicious prosecution
  • Wrongful evection
  • Assault or battery
  • Libel, slander, defamation of character or invasion to the right of privacy
[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text]Property Damage includes:-

  • Actual physical damage to tangible property,
  • The loss of use of tangible property which has not been damaged but cannot be used due to Damage to other tangible property.

Professional Indemnity Insurance Explained – a comprehensive glossary of Professional Indemnity Insurance terms.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”Your Professional Risks Experts” font_container=”tag:h3|text_align:left” google_fonts=”font_family:Lato%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C700%2C700italic%2C900%2C900italic|font_style:300%20light%20regular%3A300%3Anormal”][vc_column_text]McKenzie Ross employs experienced professional liability practitioners who will provide you with a comprehensive review of your Professional Liability exposure and provide a tailored insurance solution to suit your practice’s needs.[/vc_column_text][/vc_column][/vc_row][vc_row full_width=”stretch_row” css=”.vc_custom_1475579608541{background-color: #f7f7f7 !important;}”][vc_column][vc_custom_heading text=”Local Knowledge, Global Reach” font_container=”tag:h4|text_align:left” google_fonts=”font_family:Lato%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C700%2C700italic%2C900%2C900italic|font_style:300%20light%20regular%3A300%3Anormal”][vc_column_text]McKenzie Ross has the local knowledge to transact business with all of the major Australian professional liability insurers and underwriting agencies. However, if adequate policy terms and conditions cannot be sourced in Australia then we can utilise our subsidiary company Prime Underwriting Australia Pty Ltd to approach the Lloyds of London insurance Market on your behalf.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]

Professional Indemnity & Public Liability Insurance FAQ’s

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_toggle title=”What is public liability and professional indemnity insurance?” el_id=”1589249286341-dbe5c88d-dc1b” el_class=”small-heading-toggle”]Professional Indemnity insurance protects you for any mistake advice given by you or damage caused by the performance of your professional services. Public liability covers the legal liabilities for claims that arise as a result of an incident in connection to your business activities. Some insurance brokers provide combined public liability and professional indemnity insurance.[/vc_toggle][/vc_column][/vc_row][vc_row][vc_column][vc_toggle title=”What is the difference between public liability and professional indemnity insurance?” el_id=”1589249310110-6cc38bf5-5dd8″ el_class=”small-heading-toggle”]Professional Indemnity insurance provides protection from claims for financial loss, bodily injury or property damage arising from the performance of your professional services. Public and Products Liability covers payouts and other expenses from claims made against you as a result of negligent action from you or your business, which resulted in personal injury or property damage.[/vc_toggle][/vc_column][/vc_row][vc_row][vc_column][vc_toggle title=”Who needs professional indemnity?” el_id=”1589249333002-d8c2e512-d2d4″ el_class=”small-heading-toggle”]Professional Indemnity is particularly important for businesses or individuals that provide professional advice or services, such as accountants, lawyers, architects, bookkeepers, engineers or marketing specialists. Manual professions are less likely to need Professional Indemnity, but it can still apply in select cases such as agricultural consultants, event managers and life coaches.[/vc_toggle][/vc_column][/vc_row][vc_row][vc_column][vc_toggle title=”Do I need public liability and professional indemnity insurance?” el_id=”1589249351687-018fdb1a-d96c” el_class=”small-heading-toggle”]You’re not required by law to have public liability and professional indemnity insurance, however, if you own a business or are an individual that provides professional advice or services it is best to have it. If you’re not covered and someone makes a claim, the unexpected legal costs could lead your business to bankruptcy.[/vc_toggle][/vc_column][/vc_row][vc_row][vc_column][vc_toggle title=”How much does public liability and professional indemnity insurance cost?” el_id=”1589249370974-e2722f91-a779″ el_class=”small-heading-toggle”]The cost of public liability and professional indemnity insurance will depend on a factors such as the type of business and its size, the amount of turnover the business makes, the type of industry, minimum industry requirements for coverage, the actual amount of cover chosen and the risks associated with your business.[/vc_toggle][/vc_column][/vc_row][vc_row full_width=”stretch_row”][vc_column][vc_column_text]Need guidance on public liability and professional indemnity insurance? The experts at McKenzie Ross can help. With our comprehensive combined public liability and professional indemnity insurance policy, you can be confident you have the coverage you need. Talk to one of our brokers today – Call us on (03) 9691 2222[/vc_column_text][/vc_column][/vc_row]