Professional Indemnity
- Professional Indemnity
- Miscellaneous risks only, excluding construction (D&C and consulting) and finance
Product Overview
Professional Indemnity by Specialist Underwriting Agencies Pty Ltd is built for professionals who want to protect themselves from claims that can arise from their work. This policy is designed to help cover legal costs and damages if a client alleges an act, error, or omission in the delivery of professional services.
About Professional Indemnity by Specialist Underwriting Agencies Pty Ltd
This insurance offers coverage for loss of documents up to $500,000 and withdrawal expenses up to $100,000. It also extends vicarious liability protection to consultants, contractors, and agents who work with the insured.
The policy allows the insured to appoint their own legal representative, giving more control during a claim. Coverage starts at AUD 1,000 per year and can go up to AUD 10 million, with an excess of AUD 2,500.
Professional Indemnity by Specialist Underwriting Agencies Pty Ltd is available for a wide range of miscellaneous professional risks but does not cover construction or finance sectors. It is offered across all Australian states and requires a broker contract.
Brokers can easily connect with the underwriter or find more details by contacting the company through the ‘Contact Underwriter for Quote’ option on this page. For more information, check the links and product references provided.
Professional Indemnity by Specialist Underwriting Agencies Pty Ltd FAQs
What is generally covered by professional indemnity insurance?
Professional indemnity insurance usually covers claims made against professionals for acts, errors, or omissions in their work. It often includes legal costs, compensation for financial loss, and expenses related to defending a claim.
Professional Indemnity by Specialist Underwriting Agencies Pty Ltd includes these features, with specific limits and options for legal representation.
What types of professionals can apply for Professional Indemnity by Specialist Underwriting Agencies Pty Ltd?
SUA’s Professional Indemnity is designed for a wide range of professionals who provide advice or services. Eligible applicants include consultants, advisors, and other service providers in miscellaneous industries.
The policy is flexible and suits many business types, except those in construction or finance.
Is Professional Indemnity by Specialist Underwriting Agencies Pty Ltd available across Australia?
This Professional Indemnity policy is available in all Australian states. Professionals from any state can apply, provided they meet the eligibility requirements and are not in excluded industries. Coverage is consistent nationwide, making it accessible for many businesses.
Can consultants or contractors working with the insured be covered under Professional Indemnity by Specialist Underwriting Agencies Pty Ltd?
Yes, the policy includes vicarious liability, which covers consultants, contractors, and agents working with the insured. This means claims arising from their work are included, offering broader protection for the main policyholder. It helps ensure all parties involved in delivering services are protected.
Can the insured appoint their own legal representative under this policy?
Professional Indemnity by Specialist Underwriting Agencies Pty Ltd allows the insured to appoint their own legal representative during a claim. This gives the policyholder more control over the legal process and helps them choose a representative they trust. It is a feature that supports professionals in managing their defence.
Complete and up to date listings are our highest priority. Our full-time research team keeps our listings accurate and up to date but sometimes changes happen that we haven’t spotted yet. If you see something out of date, click here to open your email client and send us a message!