The career of an architect is an exciting one, yet ... ... 's deconstruct the layers of what you need to know about insurance for architects. Why do I need architect's insurance? Within Australia, the architecture industry is regulated by eight states and territories ...
read moreNavigating the world of business insurance can be confusing which is ... created a guide to business insurance for the self-employed that ... and outs ... for PR related expenses, something that should be confirmed by your insurance provider. Claim example The Insured was an architect hired to provide advice and calculations related to the ...
read more... is Small Business Insurance. But what kind of insurance do you actually ... ... it's important you know the difference. Professional Indemnity Insurance is applicable to many professions, such as chiropractors, consultants, engineers, architects, real estate agents, and accountants, just to name a ...
read more... consideration is getting your business insurance sorted. There are many kinds ... it comes to getting your insurance sorted because no two businesses ... or treatment. Some professions for which Professional Indemnity insurance is available include: chiropractors, consultants, engineers, architects, real estate agents, and accountants, just to name ...
read moreThe art of juggling parenthood while running your own business is anything but an easy feat. Theres always something screaming for your attention, from managing client ... Some of the professions that typically take out Professional Indemnity insurance may include: Accountants Medical professionals Architects Marketing specialists IT professionals Various types of consultants ...
read moreRunning a business can be rewarding, challenging but also stressful. While you will are taking control of your earning potential and the upside can be great, there are ... 'll find certain types of insurance is required. For example you'll find Professional Indemnity is comp ulsory for finance and mortgage brokers, real estate agents, architects/draftsmen, bookkeepers and agents - so ...
read moreIf you consider yourself a problem-solving ninja, are strong with technology, have a good foundation of mathematics and science, and enjoy working outdoors, you'll find ... possible. Today's land surveyor works with geologists, architects, government agencies, engineers and builders to provide valuable ... different cities, counties, and states. Insurance for land surveyor options are also ...
read moreWhat began nearly 3,000 years ago during the rise of the Egyptian pyramids and introduction of infrastructure has grown into one of the most crucial career paths across ... The data gathered by land surveyors is sent to architects, engineers, and other developers who design the plans ... improve the infrastructure for underdeveloped countries. Insurance for land surveyors is also available, ...
read moreThe journey to becoming a successful small business owner is one of twists, turns and the occasional speed bump. In our two-part series (catch up on part 1 here) we ... is unpredictable and regardless of whether you are a mechanic or an architect, curveballs can be thrown in the way. Having business insurance in place to protect your business from unexpected challenges is a wise ...
read moreWhen it comes to running a small business, your brand and its reputation are priceless. No doubt you've spent countless hours establishing your name by building strong ... line. Here are a few to consider: Professional Indemnity Insurance If your business provides a professional service or advice, such as an accountant, architect, real estate agent or beauty therapist, you have a ...
read moreIn the insurance world, we focus on loss ... ... are what you want them to be. If you're an architect, it might be coming up with an elusive design solution. ... t always focus on the negatives. In fact, we see insurance as a hugely positive part of your business plan. But ...
read more... piece of our Business Insurance for the self-employed ... Accident and Illness insurance and Cyber Liability insurance. We share ... is Personal ... at work. He required surgery and time off work to recover following his injury. His Personal Accident and Illness insurance provided a weekly benefit of $1,700 a week for a period of six months. The total policy benefit ...
read more... .com), a leading-edge online insurance model that connects independent professionals ... critical Professional Liability (E&O) insurance solutions ... revenues under 2.5 million dollars) have not had many alternatives when it came to buying business insurance. BizInsure has entered this space to satisfy the needs of this important and growing market; small business ...
read more... yourself and your company with insurance is a smart investment. Land ... ... to a cyber attack or breach of information where the land surveyor may be held accountable. A Cyber Liability insurance policy is designed to help protect you from claims and support your profitability in the event of a ...
read more... about what kinds of business insurance coverage you may need to ... ... in the hard-yards to build your engineering business, so it's important to think about what kinds of business insurance coverage you may need to help ensure it is protected. As much care as you may take to prevent things ...
read morePublic liability insurance covers your business for losses ... . Failure in obtaining public liability insurance policy can expose a business ... ... damage to a third party as a result of your business' activities. Failure in obtaining public liability insurance policy can expose a business to a range of risks. As a business, you will inevitably have interactions ...
read more... expanded their general insurance offering to include business insurance, through a partnership ... , Australia's leading small business insurance ... with one of BizCover's trained consultants. Mark Pangrazio, iSelect's Head of Commercial for Health & General Insurance, said the company was thrilled to be partnering with BizCover to assist it in focusing on the SME ...
read more... consider the appropriate kinds of insurance you may require to keep ... ... due to an event such as a fire, would you still be able to earn an income? Cyber Insurance * When you are handling and storing client data, the implications for your business if there was a ...
read more... a professional, considering Professional Indemnity insurance to protect* you and your ... ... Policies for Civil Engineers When it comes to insuring civil engineers, there's no one size fits all insurance solution because every business is different and no two businesses are the same. Each business has its own ...
read moreA large number of people that start businesses, in Australia have been experiencing a steady growth in business for the past few years. One area that is growing in magnitude ... at risk.One way to ensure that this never happens to you, is by purchasing something called Professional Indemnity Insurance , this is a very safe option to assure you are covered in the event that someone files suit ...
read more... price increases in the business insurance market, SMEs are continuing to ... the cost of business insurance, the BizCover SME Insurance Price ... and Retail & Hospitality. Whilst all three groups saw have seen no increases in the overall prices for their insurance, there have been changes within product groups and industries. The Full Report can be viewed here . ...
read more... wrong. This is where business insurance comes into play and should ... . The process of arranging your insurance can feel overwhelming at times . ... running , so without your business assets, how are you going to earn an income? Having suitable business insurance in place can help safeguard your business for when things don't go to plan and for when ...
read more... of sorting out your business insurance may feel like an overwhelming ... ... and everything else in between there is a lot to think about. While the thought of sorting out your business insurance may feel like an overwhelming task, it is a one of the vital areas of your business that needs your ...
read more... to make Professional Indemnity Insurance simple (also known as ... errors and omissions insurance, PI or Professional Indemnity ... is Professional ... know if they are getting the best deal. This is where BizCover steps in to satisfy your Professional Indemnity Insurance needs. BizCover allows you to get live online quotes in under 2 minutes , and purchase in only ...
read more... you have the right business insurance. When it comes to insuring ... ... can do to help prevent your business from crumbling if a disaster was to strike? Fortunately, there's an insurance policy for that! With a whole menu full of cover for your business, you can find protection for your ...
read more... of arranging your yoga teacher insurance go. As a yogi or ... business. Let us centre your insurance chakra by exploring some of ... Breathe in, breathe out, and let a wave of calm wash over, letting the stress of arranging your yoga teacher insurance go. As a yogi or yogini, you don't have time to be worrying about having the right cover in ...
read more... the appropriate types of business insurance. [] ... hold and what the consequences would be if your business systems were hacked . C yber L iability insurance policy is designed to help protect you from claims and support your profitability in the event of a ...
read more... where having the right business insurance in place is vital. Let ... and outs of how business insurance can protect your interior design ... ... saves the day, by providing financial protection when you need it the most. Personal Accident and Illness (PA) insurance covers you for loss of income if you were unable to work as a result of an injury or ...
read more... , that's when your business insurance comes into play. We've ... ... you delivering on projects . W hen things don't go to plan, that's when your business insurance comes into play. We've put this simple guide together to help graphic designers get a better understanding ...
read more... clients buck the trend of insurance price hikes. Whilst the Australian ... the availability and pricing of insurance for SMEs, BizCover can report ... there were some clear winners and some losers. The Full Report can be viewed here: SME Insurance Price Index Public Liability insurance is an essential cover for SME's and one that most can't afford to operate without ...
read more... in the world of business insurance, it can feel like you ... guide on all things Business Insurance for the self-employed. In ... back to basics ... to suit your business and protect it from potential risks . A way to look at what business insurance options your business may need is by gauging what you couldn't afford to be without. These are ...
read more... are a variety of business insurance [] ... s, even if it is a home-based operation. Market stall-holders – A minimum level of Public Liability insurance is often required when having a stall at a market. I f you are selling products you have ...
read more... and your assets with business insurance. However, figuring out exactly what ... 's why a group of insurance industry [] ... available via phone, chat, or email six days a week . W e don't just help you buy your insurance , y ou can also use our state-of-the-art platform to manage your policies and certificates of ...
read more... reductions on their Public Liability insurance, while prices have remained steady ... ... its highest in five years and transport costs increasing steadily. The increase did not affect the cost of insurance for small businesses on the BizCover platform as prices dropped to the lowest point in 24 months. The ...
read moreIf your insurance is due for renewal or ... a health check of your insurance to ensure that if the ... ... wanting to do a general review of your business, it's worth taking time to do a health check of your insurance to ensure that if the unthinkable happens and your business is hit by a major event, you not only have the ...
read more... , and that's where business insurance can help save the day ... ... the finest frocks in town or an emporium of gifts, no retail business is immune from the risk of a n insurance claim occurring. We know how busy you are, so we've created this easy, go-to guide on understanding some ...
read more... most common types of business insurance, but do you really know ... . What is Public Liability insurance*? Public Liability Insurance is designed ... th e n this is an important form of cover to consider. What is Professional Indemnity insurance * ? Professional Indemnity protects you against losses claimed by a third – party due to alleged ...
read more... the BRW article. Self-proclaimed insurance industry disrupter BizCover is trying ... by letting newcomers to the insurance sector, such as Coles ... approximately $20 million in annualised revenue. It has the permission of four of the nation's major insurance houses to sell their products. BizCover targets the small to medium enterprise segment and claims to have ...
read more... advisable that you have professional insurance, which can also be referred ... to as professional indemnity insurance. Professionals are expected ... , which can be filed against them by their clients. It is advisable that you have general business insurance in order to protect you from financial losses caused by property damage or bodily injury. In addition to ...
read more... the most common types of insurances for tradies, but do you ... and outs of Public Liability insurance and what you need to ... . So what is Public ... go plan. As a tradie, it can even be a contractual requirement that you have Public Liability insurance in place well before picking up the tools and putting boots on site. Always check the level of ...
read moreMore larger businesses with simple insurance needs are using BizCover for ... their insurance, while smaller businesses benefit from ... this quarter ... Retail & Hospitality. Whilst all three groups have experienced no increases in the overall price of their insurance, there have been changes within product groups and industries. The Full Report can be viewed here: SME ...
read more... the right kind of business insurances in place. Regardless [] ... ... contract or as a condition of entry to a worksite. If so, make sure you have your Public Liability insurance policy sorted before you pick up the tools and that you have the right level of cover required. What can ...
read moreKnow you need business insurance but aren't sure how ... while and looking to buy insurance for the first time; there ... ... ? Whether you're opening up a new business or have been in business for a while and looking to buy insurance for the first time; there are a few questions you can ask yourself upfront to help save you time and money ...
read more... Professional Indemnity and Public Liability insurance. #1 Protection against claims of ... ... modality/modalities, with a minimum of $2 million coverage (each claim). You must show proof of your insurance by providing a copy of your policy or certificate of currency, including the modalities covered and insured ...
read moreGetting the insurance sorted for your small business ... , compare quotes and buy the insurance that suits your business. But ... not know about small ... to review and update your coverage every year. No doubt your business is on the move and changing and so your insurance needs will also be changing and you'll want to make sure you have a policy that covers your business ...
read more... by not having the right insurance in place? Read on to ... ... victim and still be able to survive financially? Many contracts will require you to have your own Public Liability insurance before you even step foot on site. Make you sure you arrange your cover with the right limits ...
read morePublic Liability insurance. It's one of those ... ... . Understanding the nitty-gritty can save you in the long run, so don't be afraid to ask your insurance agent what certain features and benefits are if you are unsure. At BizCover we want to make getting your ...
read moreWhen looking for Business Insurance, most small business owners typically ... ... of machinery has gone on the blink as the deadline for a large order is approaching. Machinery Breakdown insurance is an important form of coverage for businesses who rely on machinery or equipment in their day-to ...
read more... your customers with Public Liability insurance. It offers protection should a ... ... and the policy features. There are many options for small business owners when it comes to shopping and choosing insurance policies. Gone are the days of having to ring around and wait for days for the brokers to get ...
read more... 'What limit of Professional Indemnity insurance do I need?' While this ... ... a good idea to contact the association and check whether there is a minimum limit of Professional Indemnity Insurance you are required to maintain to comply with their compliance requirements. They may also be able to ...
read more... of a Professional Indemnity (PI) insurance policy is calculated and why ... the cost of Professional Indemnity insurance. Insurance policy pricing ... excessive increase in the premium. For example, looking at the data of almost 5,000 BizCover customers with PI insurance during the 2016/17 financial year, the average monthly cost for a policy with $2 million of cover ...
read moreBizCover's SME Insurance Price Index has unveiled a ... the COVID-19 pandemic with insurance rates remaining flat for a ... acquired from BizCover's ... year and fell a further seven per cent this quarter,” he said. “Key sections of business pack insurance that are frequently used by retailers such Contents, Glass and Theft all showed noticeable price declines. “The ...
read moreBuying any insurance, can be a confusing and ... to getting your Professional Indemnity Insurance, it can be even more ... ... for what you think you are. If you don't understand the technical terms, speak to an insurance professional who can help you understand the meaning. Some policies will cover: Lost Documents, Fidelity (cover for ...
read more... The BizCover Small Business Insurance Price Index is indicating ... market for small business insurance continues to benefit from ... stability in ... in the index over the last 9 quarters. The Retail Sector is one of the few industries where insurances prices have increased. A trend driven by continued competition, as well as capacity in the market. This ...
read moreInsurers hold on to SME Insurance Premium Price Increases! Despite a ... BizCover Small Business Insurance Price Index has shown insurance rates ... Director of BizCover commented “While there is still an abundance of capacity and fierce competition in the insurance market, insurers have managed to hold onto their rate increases from last quarter. I suspect given the ...
read moreThe Quarterly BizCover Small Business Insurance Index has shown that Australian ... enjoyed the end of declining insurance premiums with an increase ... of 5 points in the second quarter of FY2015/2016, the first increase seen in 10 quarters. This brings the insurance rates back to the same level as Q4 2013/14 (6 quarters ago). It should be noted that rates are ...
read more... Fernando for his certificates of insurance - it's just part ... ... cover option of public liability. Hish says his clients expect his business to be covered by professional indemnity insurance to ensure there is cover in place in the case of any potential legal action they may take ...
read more... that the claims professional indemnity insurance covers are only the experiences ... ... to time depending on the size of a job contract or the level of risk involved. Businesses or consultants whose insurance coverage is not sufficient may need to draw funds from their own pockets and that is never a good ...
read more... 'lock up' operations. Business interruption insurance can provide both peace of ... ... a vital element in your wider disaster recovery plan - a plan that should include both a broader insurance package and (crucially!) a clear guideline for how your business would react and recover after a disaster event ...
read moreInsurance Premiums for Retailers Continue to ... The latest BizCover Small Business Insurance Price Index has been released ... an increase in small ... and similar to quarter 2 of last financial year, the index is showing an increase in small business insurance rates, with the index rising 3 points over last quarter. This increase however is not universal. Graph ...
read more... yourself is with professional indemnity insurance. This type of policy provides ... ... their lives are also properly protected. One of the best ways to protect yourself is with professional indemnity insurance . This type of policy provides cover for people who risk legal action as a result of carrying ...
read more... yourself is with professional indemnity insurance. This type of policy provides ... ... their lives are also properly protected. One of the best ways to protect yourself is with professional indemnity insurance . This type of policy provides cover for people who risk legal action as a result of carrying ...
read moreProfessional indemnity insurance is handcrafted to provide coverage ... ... any potential policy holder needs to consider when deciding upon whether or not they should buy professional indemnity insurance is the potential financial loss that can occur as a result of legal fees whether or not ...
read more... , the latest BizCover Small Business Insurance Index is showing little change ... ... been talking about hardening rates over the last few months, the latest BizCover Small Business Insurance Index is showing little change, with prices again remaining steady at 80 points. Despite industry predictions ...
read more... . Whilst you've got the insurance to help you out, you ... ... and have a big impact on the running of your business and your bottom line. Whilst you've got the insurance to help you out, you'd ultimately rather avoid the disruption to your business that these unexpected events can ...
read more... ; however the BizCover Small Business Insurance Price Index for the first ... ... all indicate that the industry is long overdue for a price increase; however the BizCover Small Business Insurance Price Index for the first quarter of the financial year indicates that insurers have not been able to ...
read more... successful in taking out the Insurance Business Brokerage of the Year ... ... the broking world, and not just because his Mega Capital business was successful in taking out the Insurance Business Brokerage of the Year award and featured in the Deloitte Technology Fast 50 Australia ranking for the ...
read moreIn January, our Managing Director Michael Gottlieb was interviewed by Insurance Business magazine, giving his outlook on 2014. Insurance Business - The In January, our Managing Director Michael Gottlieb was interviewed by Insurance Business magazine, giving his outlook on 2014. Insurance Business - The Year Ahead
read moreYour clients rely on your expert advice and services as a physiotherapist. You help ease their aches and pains from minor sprains to long-term rehabilitation programs ... insurers in the click of a button or a quick call to our friendly team. We're all about making insurance easy, so there's no messy paperwork or jargon. Find out how we help you protect your business today. *As ...
read moreThere are some obvious pros to working as a mobile freelance make-up artist - you have control over the hours you work, you get to work with a wide range of clientele ... can be a grey area when it comes to which cover they come under. Arranging your mobile makeup artist insurance doesn't need to be over complicated and should be one of the base elements of your business plan. If ...
read moreWhat are the Real Costs to Australian Small Business? Small business owners tend to be juggling many balls - managing clients, cash flow, staff, stock and future planning ... as a direct result of their job. Any business with employees are required to have WC How you buy insurance can save you time and money Shopping around to compare what's covered is an important part of the process ...
read moreJust imagine: A phone call out of the blue. The caller has a voice you don't recognise. He's telling you he is hurt - badly - and you're responsible. You hang up. He ... nothing could be worth that amount of anguish. “If I had been responsible and set my business up with the insurance I needed, it would have been a very different story for me,” Janine says from her new home in South ...
read moreThe world of retail is fast-paced and varied, with no two days ever the same. With so much going on, it also creates a recipe of risks and opportunities for things to ... can cover your contents and stock from theft, attempted theft or armed hold up. It is not unusual for theft insurance to need the item stolen to have been securely stored before the theft and for there to be evidence of ...
read moreYour business property is like your home away from home and is the place where you work your magic. Whether you're in the business of providing expert advice to clients ... Building cover is generally only taken out if you are the owner of the business premises. As part of the insurance assessment process, an assessor may be brought in to conduct a valuation of the property. If you are a ...
read moreWhen it comes to building and creating quality pieces of craftsmanship, cabinet makers know a thing or two. This highly skilled trade involves having an eye for detail ... T he reality is cabinet makers are faced with risks every day. Having the right types of insurance in place to protect your cabinet making business is a solid investment, protecting not only your finances ...
read moreDoes the thought of being off work for three months due to a major mishap with a nail gun horrify you? As far-fetched some accident stories may sound, the reality is ... You can select the amount you want to be covered for, the waiting periods and the type of Personal Accident Insurance policy you want to have in place. You can even select a Lump sum and capital benefits option which can ...
read moreWorking as a personal trainer can be a rewarding career. Not only do you get to help your clients achieve their goals and transform their lifestyles, but it's also the ... were to go wrong because of this advice. To cover yourself against this risk you should consider Professional Indemnity Insurance, which can help protect you for any claims that may arise due to any advice that you have ...
read moreMany businesses think their business is too small to attract cyber criminals. Yet, when it comes to cyber theft, size doesn't matter. Hackers are on the lookout for ... breach claim. And the last thing you want to do is handle a cyber attack or data breach alone. Cyber insurance will also provide coverage for regulatory defence, penalties and fines. Isn't cover pricey? Like most ...
read moreIt may have taken some time for the reality to hit, but the wider public is now starting to realise that hackers aren't just fictional brooding movie villains - they ... them as often as you can and be vigilant with shutting down your PC or laptop when not in use. INSURANCE AS A FIREWALL While prevention is the simplest way to minimise the chance of a cyber-attack occurring, Cyber ...
read moreThe new year is now in full swing, and if you're like some of us in this office, you will probably have resolved to be a bit smarter with your money in 2016 and perhaps ... today. If you have downsized your team or you are earning less money you may be able to make a saving on your insurance. Also if you are no longer doing certain business activities - you may be able to take them off your ...
read more... new business over the Christmas holiday period. No other insurance companies were open. What a relief I could search, compare and secure a new insurance policy online through BizCover! Highly recommen--Katherine W--Motel ...
read moreWhile the terms 'cybercrime' and 'data breach' may not have existed 25 years ago, they are now commonplace threats facing small business. In fact, in 2017 approximately ... , using firewalls and anti-virus software to prevent attacks and data breaches , Cyber Liability Insurance will help you deal with the costs and expenses associated with a data breach. Breaches may ...
read moreYour business is your livelihood. So it's vital to protect your business assets and revenue against potential risks that may impact your business, such as fire, storms ... under a policy. And the good news is, you can include Business Interruption as part of your Business Insurance package. It's important to remember that your business will change over time, and so will your assets ...
read moreYou're a retail lifesaver, helping customers at all hours with all sorts of essentials, from early morning coffees to midnight snacks. As a convenience store, you've ... Let's take a quick look at some of the risks your convenience store is exposed to and how insurance can help safeguard it from potential disasters. Dealing with the public In retail, you deal with people every day ...
read moreChristmas can be a busy (as well as stressful!) time for many small businesses. Come December the big Christmas countdown is on as people are busy preparing for the ... manufacturing, chances are at this time of year you are carrying increased stock levels. Do you have Business Insurance to cover your stock and contents from theft or damage? And if you do have you considered whether you ...
read moreBizcover makes professional insurance easy. Good selection of insurance varieties and options. Easy to review, change and renew. Competitive rates.--Darren J--Real Estate Agency Service
read moreFrom fresh food and irresistible treats to clothing, arts, crafts, and bric-a-brac, Australia has become spoiled for choice when it comes to markets. And with the festive ... stall at a busy market, event, festival or concert exposes you to a wide range of potential risks. Insurance for market stall holders is designed to protect you and your business against the financial risk in the event ...
read moreAs much as we like to hope otherwise, unexpected events happen! Things can go dreadfully wrong despite the best efforts we take to prevent them and the simplest of ... importantly, identify the unique risks to your business and safeguard against them by making sure you have the right insurance policies in place. It's also a wise idea to conduct an annual review of your policies as ...
read moreI have played phone tag with several brokers and insurance providers...what a relief to finally find a simple online service.--Paul C Cunningham--Consultancy Occupations
read moreVery responsive service and competitive insurance pricing. Thank you Wanda--Wanda B Buza--Registered Migration Agent
read moreThanks, needed insurance in a hurry as just offered a contract for this weekend. Everyone else was st home!--Pippa B Blatch--Retail
read moreSo quick and easy to purchase liability insurance from a range of insurers. Very happy customer!!--Shirley M McIntosh--Trades & Services
read more... , took the time out to understand what I needed and came back with some quotes very quickly. They helped me understand what insurance would be best for me and were extremely kno--Sarah W Woodland--Trades & Services
read moreEasy no fuss way to purchase insurance--Heath W Wheeler--Trades & Services
read moreGreat Price on my Liability insurance--James M--Trades & Services
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Dany K
Architect and Architectural Consulting Service (Except Construction Project Management)
Great communication and prompt quote.
Justin D
Architect and Architectural Consulting Service (Except Construction Project Management)
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Mark B
Architect and Architectural Consulting Service (Except Construction Project Management)
Very helpful - thank you.
Allan P
Architect and Architectural Consulting Service (Except Construction Project Management)
I compliment your company on such an easy and effortless way to acquire insurance with good information when comparing Insurer options.
Tim M Mesic
Architecture & Surveying
Don’t let a potential mistake that falls through the cracks become a permanent problem. Instead, let BizCover ease your worries with insurance for architects. With just a few clicks or a single phone call you can get covered instantly, so the only thing that needs to stand the test of time is your grand design.
As Frank Loyd Wright once said “You can use an eraser on the drafting table or a sledge hammer on the construction site”…. or you can use BizCover!
The architecture professionin Australia is regulated by each of the States and Territories, with each having separate Acts, Regulations and Registration Boards.
For information regarding the requirements for each jurisdiction check on the Architects Accreditation Council of Australia website.
As an architect or draftsperson, you understand the challenges of designing and delivering complex projects. Your work has the potential to cause serious issues if things do not go according to plan. A simple error or omission could lead to a costly Professional Indemnity claim.
Thankfully, Professional Indemnity insurance is designed to provide your business with a solid plan. It helps protect businesses and individuals that provide specialist services or professional advice from losses caused by actual or alleged negligence in the advice or service provided. For Professional Indemnity claims indemnified under your policy, it will cover the compensation payable to a third party together with defence costs (which can include legal fees, investigation costs and expert fees).
Did you know that PI insurance is known as ‘claims made’ cover, which means you need PI insurance to be in place when the claim is made against you. So, even if you have shut up shop, retired or decided you’d rather be sipping cocktails on a tropical beach, you should consider run-off insurance which continues to provide important Professional Indemnity insurance for your business for any claims arising from work you do before finishing up but which are notified to you after the doors have closed.
Do you need Public Liability insurance? The short answer is probably yes. Chances are you’ll have regular contact with clients, contractors and the general public. Public Liability insurance is designed to provide protection for you and your business in the event a customer, supplier or a member of the public is injured or sustains property damage as a result of your negligent business activities.
Your clients bring in your income, but where would you be without your business assets? Without insurance cover, you could be hit with a few unwanted challenges that could leave you reaching deep into your pockets.
Business Insurance is an insurance package designed to provide cover for your business contents, stock, tools and commercial premises when an insured event occurs (such as fire, storm, theft or even accidental damage). A Business Insurance package can also cover your portable equipment, glass and for loss of revenue due to business interruption in specified circumstances. In addition, cover is available for public liability, tax audit, employment practices and statutory liability risks.
If you’re a company director or senior manager, we’re sure you don’t want any unwanted surprises that may leave you personally liable. Management liability insurance protects directors and officers and the insured company itself from the many exposures relating to the management of a company. Owners and those responsible for the management of a company have specific responsibilities which can result in personal liability for alleged or actual wrong–doing.
| *As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this web page is general only and should not be relied upon as advice. |
An architect prepared a town planning application for a self-storage facility using computer-assisted design. While preparing the drawings there was an error inputting data into the system which would (and did) result in the development being built three metres shorter than planned. The property was then subsequently sold to a development company.
During construction of the self-storage facility, it was discovered that only 198 self-storage units would be constructed and not the 235 as contained in the original design. The property developer claimed from the architect over $500,000 in damages due to loss of income that would be incurred by having fewer storage units and for the decrease in value of the business. Luckily, the architect’s professional indemnity insurer was there to pick up the bill!
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