Excess Professional Indemnity
Professional Services Insurance
AUD 1K /year
AUD 10M
AUD 1,000,000
All States
No
- Crime
- Damages and Fines
- Professional Indemnity
- real estate professionals
- recruitment consultants
- design professionals including architects (up to $5m revenue), draftsperson, interior designers, town planners, landscape architects, quantity surveyors and land surveyors
- accountants (up to $15m revenue)
- management consultants
- lawyers top up
- migration agents
- miscellaneous consultants including public relations, media consultants
- project / construction management
- environmental consultants
- loss adjusters
- training / education consultants
- OH&S consultants
- change management and business consultants (excluding M&A)
- funeral directors
- graphic designers
- environmental consultants (up to $15m revenue)
- advertising agencies and ad consultants
- agricultural consultants
Product Overview
Excess Professional Indemnity by ProRisk Underwriting Pty Ltd sits above a primary PI policy to increase overall protection limits. The policy is a civil liability excess cover for small to medium businesses registered and trading in Australia.
It offers additional cover for professional indemnity, crime, and damages and fines, across all Australian states and territories. Limits on the IB Markets listing range from a minimum annual figure of AUD 1K up to AUD 10M.
About Excess Professional Indemnity by ProRisk Underwriting Pty Ltd
Target clients include a wide mix of professional firms, from real estate and recruitment through to consultants and design practices. Certain classes have stated revenue caps on the listing, including architects up to AUD 5M and some consultants and accountants up to AUD 15M.
Excess Professional Indemnity by ProRisk Underwriting Pty Ltd starts at an excess level of AUD 1M above existing PI arrangements. It is positioned for brokers who need extra limit for lawyers’ top up, specialist consultants, and other professional services clients.
Brokers can use the quote and bind platform linked on the product page for fast placements where suitable. For more tailored discussions, the ‘Contact Underwriter for Quote’ button and listed product contact provide an easy next step.
Excess Professional Indemnity by ProRisk Underwriting Pty Ltd FAQs
How does this excess professional indemnity cover relate to a client’s existing primary PI policy?
This product is written as excess professional indemnity, so it sits above a client’s primary PI policy. The listed excess of AUD 1M shows where the layer starts, and the added limit applies above that underlying cover.
What is the main purpose of Excess Professional Indemnity by ProRisk Underwriting Pty Ltd for professional firms?
This product helps firms that already hold primary PI but need higher overall limits. It supports small to medium businesses registered and trading in Australia by adding civil liability cover above their base policy within the Professional Services Insurance space.
Which professions are highlighted as key targets for this ProRisk Underwriting program?
The target list for Excess Professional Indemnity by ProRisk Underwriting Pty Ltd includes a wide mix of professional occupations such as real estate professionals, recruitment consultants and various design practices. It also highlights accountants, environmental consultants, loss adjusters, management and training consultants, OH&S consultants, lawyers’ top up and advertising or media related consultants.
What coverage headings are listed under the Excess Professional Indemnity by ProRisk Underwriting Pty Ltd product entry?
The product lists three coverage headings. These are crime, damages and fines, and professional indemnity, which gives brokers a simple view of the main areas linked to this excess civil liability structure.
How can brokers check if a client’s occupation fits within the target classes for this excess PI cover?
Brokers can review the detailed Target Class section on the product page, which names specific occupations and revenue thresholds. If the client’s role appears there or is closely aligned, brokers can then use the Contact Underwriter for Quote button or the ProBind link to discuss appetite and structure.
Lawyers / Legal Practices
Real Estate Agents
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