Hi
I am the principal of a licensed Insurance Broker (Mojomo Ins Brokers
www.mojomo.com.au). Workcover is a government body responsible for managing the workers compensation fund and overseeing work place occupational health and safety standards it funds employees with workplace injuries or illness. You will find each state has a website which can assist you but your General Insurance Broker or Accountant can certainly assist.
A Professional Indemnity Insurance policy typically indemnifies the insured for amounts which they become legally liable to pay as a result of any actual or alleged negligent act, error or omission in the conduct of their business or profession. Costs and expenses incurred to investigate, defend or settle any claim are also included, in some circumstances in addition to the policy limit, otherwise inclusive of the limit.
The insurer pays to defend your position and reputation, and does not just pay a loss. Professional Indemnity is written as a ‘claims made’ policy, we can provide a full explanation on this type of insurance.
Thank heavens an Insurer has just introduced to the market a combined PI and Public (Broadform) Liability (PL) Policy for Service/Professional services industry which Brokers have been requesting for years.
If we can assist you with further information or provide a quote please call
Freecall 1800 24 33 12.
Regards, Merlin