You’ve worked hard to build your business, so it makes sense to protect it. Below are the top 5 reasons NHAA members should hold and maintain Professional Indemnity and Public Liability insurance.

Public Liability and Professional Indemnity are two of the most common types of business insurance in Australia. They both cover compensation claims, but the main distinction is the types of events and risks covered.

A common misconception is that the claims professional indemnity insurance covers are only the experiences of the business that does inadequate work for clients. This is not true, in this day and age anyone can sue anyone else over almost anything and sometimes they even win. Even when they do not win, a certain portion of the public usually believes the accusers claims. This can be detrimental for a business’s reputation.

If you are a professional and have your own company, then it is advisable that you have professional insurance, which can also be referred to as professional indemnity insurance. Professionals are expected to possess extensive technical knowledge in their specific area of expertise. They are also required to perform their services as per standards of conduct. Therefore, the professionals can be held legally responsible if they fail to use the degree of skill, which is expected from them.

Whether you’re an architect, an IT consultant or or a real estate agent, Professional Indemnity insurance* is something you may wish to consider to help safeguard your business.

Professional Indemnity insurance* is designed for professionals who provide a specialist service or advice.