A Special Message for Business Owners, Consultants and Entrepreneurs looking for Professional Indemnity Insurance…

“Don’t Burden Yourself or Your Family Business With The Stress Of Costly Legal Bills Just Because You or Your Employees Make An Easy Mistake While Working For A Client!”

 … especially when you can rest easy knowing that the best professional indemnity insurance for you and your business is only a quick toll FREE phone call away.

If you’d like some a FREE consultation and some professional advice you can reply on when it comes to what type of professional indemnity insurance protection is right for you and your business needs then simply pick up the phone and call us right now on… 1300 739 861

WHETHER YOU ARE SELF-EMPLOYED OR RUN A BUSINESS HERE ARE 3 FACTS  ABOUT PROFESSIONAL INDEMNITY INSURANCE THAT YOU SHOULD KNOW  BEFORE TAKING ON A CLIENT

Do you provide a service for a fee and advice that other rely on to make a decision to purchase a product or service? If your in the business of providing advice, whether it be direct or indirect to your clients, then there is something you need to do before you take on another client and that is consider purchasing professional indemnity insurance.

The Cost of Having Professional Indemnity Insurance vs. Not Having Coverage

What type of IT services do you provide? Are you a website developer, an IT&T project manager, software developer, or a provide IT&T support services? Or perhaps you are IT&T Consultant or Contractor. No matter what your profession is, if you provide professional services and advice to your clients (for a fee) than there is an expectation on your services to deliver accurate advice. However, in business there are times when mistakes and accidents do occur. Unfortunately, even the most careful of individuals may do something that upsets a client due to an error or negligence and that client threatens to sue when that mistake causes them a financial loss.

 What are the benefits of having Professional Indemnity insurance cover?

• Peace of mind.
• Saving your valuable time in the incidence of any allegation.
• Reducing the possibility of an interruption to your business.
• Reducing the probability of lost income arising from an interruption to your business by providing time that would be required to defend an allegation without Professional Indemnity insurance.

THE VALUE OF ENGAGING AN INSURANCE BROKER

We ask you to consider the following which should help you make a better informed decision:

• Do you have expertise in insurance and fully understand the terms, conditions and exclusions of the insurance product(s) that you have or intending on purchasing?
• Would you know what to do in the event of a claim?

Some questions to consider when considering sum insured.

• In a worst-case scenario, if something went wrong, what would be the financial loss to third parties? 
• What is the potential for bodily injury claims, and even multiple injuries?
• What is the potential for consequential economic loss to any third party?
• What is the potential for multiple claims in any one policy year?

IT&T Professional Indemnity & Liability Insurance

The importance of having insurance protection 

Every business has associated risks, and whilst risk management procedures and control are paramount, insurance protection should be maintained in the unthinkable occurs.

If, in business, we could control all outcomes, we would not need insurance – but as no has the ability to predict what’s round the corner. Knowing and understanding what risks are associated to your business and others, it not only realistic, but smart.