Why should you choose Marsh to arrange your insurance solutions?
Professional Indemnity Insurance may help cover:
Settlement judgements
Claims investigation costs
Defence costs
Breach of duty
Intellectual property
Breach of privacy or confidentiality
Defamation
Lost or damaged documents
Reputation repair
Negligence.
Professional indemnity insurance typically can’t cover:
Existing circumstances
Intentional damage
Contractual obligations
Bankruptcy.
Professional indemnity insurance can cover you for up to $10 million.
‘Claims made’ is a term used to describe an insurance policy that covers claims during the policy term – not necessarily when the alleged incident occurred.
This is because advice or service errors in many professions are often discovered weeks, months, or even years after the mistake was made.
Therefore, a professional indemnity policy – or 'run-off' policy – must be in place for a claim to be met by an insurer.
This policy also applies to changes to the limit of indemnity.
You can contact your Marsh representative. They’ll help you with lodging a claim.
Protect your business – and your team – against management and operational risks with management liability cover.
Looking for specialist expertise? Our brokers will tailor business cover for you – no matter your industry.
Need to travel from one job to another to keep your business running? Marsh can arrange business vehicle cover tailored to your needs.
You can count on Marsh to arrange insurance solutions to help protect you and your firm with comprehensive cover.
When incidents occur, keep your financial firm running smoothly. Let us arrange comprehensive insurance for you.
Marsh Advantage Insurance Pty Ltd (ABN 31 081 358 303, AFSL 238369) (“Marsh”) arranges the general insurance (i.e. not the Discretionary Trust Arrangement) and is not the insurer. This page contains general information and does not take into account your individual objectives, financial situation or needs. For full details of the terms, conditions and limitations of the covers, refer to the specific policy wordings and/or Product Disclosure Statements available from Marsh on request. Marsh makes no representation or warranty concerning the application of policy wordings or the financial condition or solvency of insurers or re-insurers. Marsh makes no assurances regarding the availability, cost, or terms of insurance coverage. Any statements concerning actuarial, tax, accounting, or legal matters are based solely on our experience as insurance brokers and risk consultants and are not to be relied upon as actuarial, accounting, tax, or legal advice, for which you should consult your own professional advisors. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). Any advice or dealing in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226 827) (“JLT”). JGS and JLT are businesses of Marsh McLennan. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions.
LCPA 23/099
