Professional Indemnity FAQ

Professional Indemnity - extensions available

Types of extensions added to a standard Professional Indemnity policy.


  • Automatic Reinstatement
  • Consultants, Subcontractors and Agents
  • Continuous Cover -
  • Dishonesty ( aka Dishonesty of Employees or Fraud & Dishonesty)
  • Estates and Legal Representatives.
  • Intellectual Property
  • Joint Venture - Insureds’ own Liability only or arising out of the same Business as that insured.
  • Libel & Slander.
  • Loss of Documents.
  • Third Party Documents, Wear and tear and Money.
  • Sub limit vs. Limit.
  • Runoff Coverage
  • Subsidiaries Cover New Vs Old.

Latest News

Illegal or unsuitable cladding now a big issue

Why we have laws, regulations and Australian standards? Because some people just do the wrong thing all for the sake of making money. The cladding issue is the subject of 4 Corners program on the ABC.

We are already seeing Insurance policies now placing exclusion endorsements into their policies excluding and claims relating to illegal cladding. We are seeing Governments demanding Audits of all existing buildings above a certain height. There are accusations of Builders taking other short cuts such as on Wiring, Pipes and sprinkler systems. 

The question is, who is to blame? Who will take responsibility?

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Small business in NSW

Right after the NSW Government have reimposed Fire Service Levies, they have at least made an effort for small business. The government has announced it will abolish stamp duty on a number of policies taken out by a small business. This is an important change.

What is a small business? In order to gain the exemptions, the business must be a small business for Capital Gains Tax Purposes for the income year in which the insurance is effected or renewed. A small business for CGT purposes is: “an individual, partnership, company or trust that is carrying on a business, and has an aggregated turnover of less than $2 million.”

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