At Insurance Web, we’re your trusted professional indemnity insurance brokers Brisbane.
Locally based in Strathpine on Brisbane’s northside, we always take the time to get to know your business and needs, before offering tailored advice and insurance packages.
Types of Insurance for Professional Services
As each business is different, there is no “one size fits all” insurance policy. Therefore, Insurance Web can help tailor professional indemnity insurance based on exactly what you need, and nothing you don’t.
To help you understand a little bit more about what difference insurance types there are available for those working in the professional services sector – and what cover you might need – we’ve gone through some different things that we’ve come across.
Here’s three (3) types of insurance you should, ideally, have in place:
- Professional Indemnity Insurance
Professional indemnity insurance is required when you are charging a fee for your professional advice, and that advice is relied upon by your clients.
Therefore, if anything ever goes wrong, you’ll have insurance for both the cost of legal proceedings to argue that you weren’t at fault, and in the event you are required to compensate a third party, cover is in place to pay those damages awarded.
- Public Liability Insurance
Public liability insurance, also referred to as legal liability insurance, is to protect your business in the event of third-party property damage or personal bodily injury claims brought against you.
As stated above, you’ll have insurance for both the cost of legal proceedings to argue that you weren’t at fault, and in the event you are required to compensate a third party, cover is in place to pay those damages awarded.
- General Property Cover
Even if you have a small office, you should consider an insurance policy for general property, covering all equipment in the office, such as computers, laptops, printers or even massage tables.
If you have staff that take office property home, such as laptops, you’ll need to make sure that they’ll still be covered by your policy when they leave the office.
Provides cover for:
- Accidental Damage
- Fire, smoke or water damage
- Accidental loss of an item
- Theft of the equipment from home, office or in transit
EXPERT TIP: The smartest (and easiest) way to keep your property insurance records up to date with your insurer is to provide the same equipment list that you give your accountant for your depreciation schedule each year. So, should you need to make a claim, you don’t have to go hunting around to work out what equipment was affected and how much it cost.
Professional Indemnity Insurance Brokers Brisbane
If you’re not sure that you have these types of insurance, and you think you might need them, speak to Insurance Web – your local professional indemnity insurance brokers Brisbane.
Insurance Web is your local insurance expert. Known for our simple processes, cost-efficiency and trustworthy staff, we’ll help you get the right business insurance cover so you can trade confidently and securely right now!