Essential for those engaged in professional practice
Professional Indemnity Insurance Available in Perth
Professional Indemnity
Enquire now!
A must for those giving advice or engaging in design work
Consultants/lawyers/financial planners/architects/engineers
NDIS-related businesses and healthcare providers
For more than forty years, Westralian Insurance has helped businesses across Perth and throughout Western Australia, protect themselves with Professional Indemnity cover. We understand the stress an insurance claim can bring and the importance of getting the right protection in place.
Professional Indemnity insurance covers claims of professional negligence, errors or omissions. If your business provides advice, design, or other professional services, you could face a claim for financial loss caused by alleged mistakes. A policy can cover compensation you are found liable to pay, as well as the legal costs of defending a claim.
NDIS-related businesses and healthcare providers should consider a Professional Indemnity policy, which can include cover for Medical Malpractice.
Other industries engaging in utilities location, underground services locating, utilities scanning or concrete scanning, should also consider speaking with their Insurance Broker about the benefits of Professional Indemnity cover.
Some potential trip-wires involved with Professional Indemnity cover include -
Claims Made and Notified Basis of Cover - A reminder that Professional Indemnity insurance is issued on a ‘Claims Made’ basis of cover. This means that any potential claim must be made and notified to insurers during the policy period in order for the policy to respond. It is important that any potential claims are notified to our office/the insurer as soon as they become apparent.
After the policy expiry, no new claims can be made on the expired policy, even though the event giving rise to the claim may have occurred during the policy period.
It is therefore recommended that policyholders should take ‘Run Off’ cover for up to seven years, in case you are notified of a potential claim from previous work undertaken, or you cease to trade. Please contact our office for further information in regards to ‘Run Off’ cover and how this may affect your business.
Westralian Insurance is here to help. Call our experienced team on (08) 9302 1388 for an obligation-free review of your business and a tailored quote.
“Thanks very much to you and your colleagues for this result, we really appreciate all your assistance and having you look out for us is a key benefit of being a Westralian customer.”Matt H
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For more information or for a free quote, call our team today on 08 9302 1388
Terms, conditions, limits and exclusions apply to the products referred to above. The information provided here is general advice only and has been prepared without taking into account your objectives, financial situation or needs. You should consider these, having regard to the appropriateness of this advice, and the relevant Product Disclosure Statement, available by calling us on (08) 9302 1388, before deciding to acquire, or to continue to hold, this product.
Q1. What does Professional Indemnity insurance cover?
Professional Indemnity insurance covers claims of professional negligence, errors, or omissions arising from advice, design, or other professional services you provide, including compensation and legal defence costs.
Q2. Who needs Professional Indemnity insurance?
Professional Indemnity is essential for anyone engaged in professional practice or who provides advice or design work, including consultants, lawyers, financial planners, architects and engineers.
Q3. Do trades like utility locating or concrete scanning need Professional Indemnity cover?
Yes, industries such as utilities location, underground services locating, utilities scanning and concrete scanning should also consider Professional Indemnity cover due to the advisory and technical nature of the work.
Q4. Does Professional Indemnity insurance cover legal costs as well as compensation?
Yes, a Professional Indemnity policy can cover both the compensation you're found liable to pay and the legal costs of defending the claim.
Q5. How do I know if I need Professional Indemnity insurance?
If your business provides advice, design, or other professional services, you're at risk of a financial-loss claim from an alleged mistake — Westralian Insurance offers an obligation-free review to assess whether the cover is right for you.
Q6. How long has Westralian Insurance arranged Professional Indemnity cover?
Westralian Insurance has helped businesses across Perth and Western Australia arrange Professional Indemnity cover for more than forty years.
Q7. How do I get a quote for Professional Indemnity insurance?
Call Westralian Insurance's experienced team on (08) 9302 1388 for an obligation-free review of your business and a tailored Professional Indemnity quote.
