Why should you choose Marsh to arrange your insurance solutions?
There are a number of different factors that may influence the cost of professional indemnity insurance, such as the service provided, company size and revenue.
Make sure when requesting a quote, that the declared values of the business is accurate so the correct premium and cover for your business can be arranged.
Professional indemnity insurance covers up to $10 million.
Public liability insurance covers up to $20 million.
Claims made means that you (the insured) are covered for claims made against you during the current term of insurance. Even if the incident happened in the past.
Professional indemnity policies provide a 'claims made' basis of cover. This is because advice or service errors in many professions may not be discovered until 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.
It’s also important to note that, if the limit of indemnity was changed, the limit that applies is the one purchased when the claim is notified – not when the work was completed.
Our team can provide support and proactively guide clients through the claims process.
Contact your Marsh representative to assist with lodging a claim.
Insurance can be a lifeline. But lump sum premiums can be a hindrance. Pay in monthly instalments with premium funding arranged by Marsh.
Cyber attacks are becoming increasingly common. Help protect your small business with cyber insurance solutions arranged by Marsh.
Protect your business – and your team – against management and operational risks with management liability cover.
Cyber attacks and product liability are just two prominent risks for online businesses. Help protect yours with cover arranged by Marsh.
Whether you're a freelancer, studio head or studio owner, you need all the bandwidth you can get. Let us arrange your cover for you.
Looking for user-friendly insurance that covers your design business's unique risks and needs? We can help.
LCPA 23/099
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.
