An independant Australian Company owned by locals

Professional Indemnity

Teamcare are leaders in designing & placing Professional Indemnity insurance.

Professional Indemnity is a complex and multifaceted insurance product designed to protect professionals against claims for failures of rendered advice (professional advices for a fee).
Claims and allegations against professionals are becoming a common occurrence. This policy type is instrumental in your compensation following an insured loss or for extracting you from professional negligence claims. Legal defence costs can be provided to defend your position & perhaps avoid damage to your reputation.
Teamcare arrange cover tailored to your selected requirements, to protect your business from claims and allegations of professional negligence which result in bodily injury, property damage or pure financial loss.
These policies are extremely complex & Teamcare understands the risks facing niche consultants. We specialise in finding appropriate & costs effective solutions for your business.
* Please note the below cover features are a list of the more common sections of this policy type. It is not an exhaustive list of covers available. Some features may not be offered by certain insurers or on specific risks. This is intended to be used as a guide only for informative purposes.

Asbestos & High Risk Occupations

Professional Indemnity that includes cover extensions for consultants working with exposures to Asbestos, Radiation, High Risk Materials, Dangerous Goods & pollution risks.

Defamation

Defamation

Reinstatement of Indemnity

Reinstatement of Indemnity

Fraud & Dishonesty

Fraud & Dishonesty

Loss of Documents

Loss of Documents

Optional Extensions to cover – Contractual

Professional Indemnity – Will your insurance work with the Contract Conditions you have signed?
Subrogation Waiver endorsements as Principal Contracts containing a SUBROGATION WAIVER clause may void insurance covers such as Liability & Workers Compensation covers.

Hold Harmless considerations may also void insurance covers.
Contract Specific endorsements need review of the Contract Terms you have signed.

Advancement of Defence Costs

Advancement of Defence Costs.

Liabilities & Waivers of Subrogation

Liabilities & Waivers of Subrogation