PROFESSIONAL INDEMNITY INSURANCE

IT’S YOUR BUSINESS TO BE PREPARED

Business sometimes gets personal, and there may be instances when, despite your best efforts, you are unable to provide the service you promised to the standard you prefer. There may be extenuating circumstances that intervene to make it impossible for you to deliver when you said you would, or you may make an error of judgement or offer advice that ends up costing your client money.

When a product or service fails your customer, an employee behaves negligently, or you simply put a foot wrong, it’s important to protect yourself financially from the possible fallout that is likely to occur if your disgruntled client decides to come after you for reparations. Professional Indemnity Insurance is a smart way to hedge your bets – after all, nobody is perfect.

ABOUT PROFESSIONAL INDEMNITY INSURANCE

Indemnity Insurance is a way that you, your business and your employees can be protected against the consequences of wrongdoing, misconduct or negligence. Indemnity Insurance is extremely highly recommended for large or small businesses that provide services or consulting. If a claim or lawsuit is brought against you, indemnity insurance can cover your legal costs and even compensate for any awards made against you. There are also specially designed indemnity insurance packages for barristers, solicitors, IT professionals, directors, trustees and charitable trusts. Just drop us a line, and we can give you all the information you need to find out how indemnity cover can benefit you today.

093078200 Request a quote

WHAT COULD BE COVERED?

There are a number of scenarios that may be able to be addressed by your Professional Indemnity Insurance, and your Spratt Financial advisor will be able to walk you through the specific riders that will work best for your particular business. Many Professional Indemnity payouts are claimed to cover the costs of legal proceedings that may be brought against a company or individual, and these payouts may include covering the cost of drawn-out investigatory processes.

If your work mistakenly copies someone else’s work and a copyright suit is brought against your company, Professional Indemnity may be able to cover the costs of any penalties that are applied in these circumstances. You may be dealing with an employee who has committed fraud against your business or in the name of your business – or you could need coverage for theft by a servant.

Smart business people make smart moves, and being prepared for volatile outcomes is part of what makes your business resilient. When you engage with Spratt Financial for your Professional Indemnity Insurance, you are building your own safety net.

Why Hood Insurance Brokers?



100+ Years

in NZ General Insurance Services



100%

Kiwi Owned and Operated

NEED HELP?

Talk to an Advisor

Make a Claim

Form

"*" indicates required fields

Make a Claim

Name(Required)

First Last

Phone(Required)

Email(Required)

What do you want to make a claim for?(Required)

Please tell us more details(Required)