"Why does my business need it?"

This is the most common question asked by businesses and individual traders when asked to provide proof of their Professional Indemnity Insurance.

Any company or individual providing professional advice or services can be held liable for financial loss arising from errors or omissions committed by themselves or their employees.  Even if the claim fails in court and there is no claim payment made for the financial loss suffered, your Professional Indemnity insurance policy still pays all the legal costs incurred to defend the claim.

In today's litigious society, claims against companies and individuals for breach of professional duty resulting in a financial loss are becoming more commonplace. The best way to protect yourself and your company is to purchase Professional Indemnity Insurance.

A Professional Indemnity insurance policy covers against:

• Financial loss suffered by a third party
• Alleged breaches of the Trade Practices Act
• Loss of Documents
• Dishonesty of Employees
• Legal costs incurred defending a claim against you

Whitbread Insurance Brokers can tailor a Professional Indemnity insurance policy to provide: 

• the required level of cover
• retroactive insurance 
• run-off cover due to retirement, or a business being sold. 

At Whitbread Insurance Brokers, we have the training and expertise to provide your business with the advice that you require to assist you in obtaining the best possible coverage, at a competitive premium. We deal with all of the major underwriters in this often complex field of insurance and can set up special schemes for your occupation or association.