Professional Indemnity Insurance
Professional Indemnity Insurance provides protection for your business against a claim made by a client alleging they have suffered a financial loss as a result of your negligence or a breach of professional duty from services provided by your business.
We provide Professional Indemnity insurance to companies of all sizes from one person consultancies up to and including Australia’s largest companies. In terms of Professional Indemnity, we insure a range of professionals including management consultants, insurance brokers, engineers, accountants, architects, recruitment consultants, underwriting agencies, real estate agents, excess layer lawyers, and many more.
*We only provide coverage for unintentional misleading & deceptive conduct, breaches of intellectual property rights and defamation.
- Advertising Agents
- Agricultural Consultants
- Associations (tailored Associations Liability wording)
- Computer Consultants (IT Consultants) - (tailored IT policy wording)
- Consulting Engineers (excluding building inspectors/surveyors)
- Design and Construct (annual only)
- Economists (excluding FI associated risk)
- Education Consultant
- Energy Efficiency Consultants
- Environmental Consultants
- Finance/Mortgage Brokers
- Funeral Director
- Graphic Designers
- Human Resource Consultants
- Insurance Brokers (our wording RG126 complaint)
- Interior Designers
- Loss Adjusters/Assessors
- Lawyers (excess of loss only)
- Management Consultants
- Manufacturing Risks
- Medical Malpractice Risks (tailored Medical Malpractice wording)
- OH&S Consultants
- Project/Construction Managers
- Quantity Surveyors
- Real Estate Agents (excluding Valuers)
- Tax Agent
- Town Planners
- Travel Agents
- Underwriting Agencies
- PLUS anything not on the decline list
- Property Valuers
- Geotechnical engineers
- Building certifiers, surveyors and inspectors (including pre purchase)
- Investment managers
- Marine engineers or surveyors
- Financial Institutions
Product Information Sheets
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Insured is an architect engaged by the Claimant to design a residential property and administer the contract. Several years after construction of the property was completed defects began to emerge in several aspects of the property resulting in cracking, water ingress and other related issues.
The Claimant commenced proceedings against the Insured in the Supreme Court of New South Wales seeking damages in excess of $3 million. In accordance with the terms and conditions of the policy BIA stepped in to investigate and defend the claim against the Insured.
BIA and its panel solicitors were able to establish that the defects in the property were not resultant of the Insured’s designs or its administration of the contract and liability should in fact lie with the builder as the responsible party.
The claim was successfully defended by BIA and a significant portion of costs were recovered against the Claimant.
Management Liability Insurance
Management Liability Insurance will protect Directors and Officers as well as the Company against a Wrongful Act committed in the management of the Company.
Association Liability Insurance is a combined policy for associations and non-profit organisations. The policy provides protection to the individual office bearers and the association against wrongful acts in the management of the association.
Public & Products Liability Insurance
Public and product liability insurance protects businesses from paying compensation to a third party in the event of personal accidents, injury or property damage resulting from any business activity and manufactured or supplied product.