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Title Ideas: When Advice Isn’t Free: Professional Indemnity Insurance in Australia
Providing Services Can Come With Great Risk: Professional Indemnity Insurance in Australia
Just the phrase “professional indemnity insurance” can be daunting to most Australians. Who are these “professionals”? Who is owed this “indemnity”? Am I at risk? All these thoughts can race through the mind when the topic is brought up. In fact, the topic of insurance in and of itself is often wrought with peril. So many caveats exist, and potential landmines sit unseen. One misstep, and a business has lost half its assets and has become insolvent.
Worried yet? Don’t be. A form of insurance exists in Australia to protect businesses and individuals from almost every potential incident. Indemnity insurance is only one of these types.
Keep It Professional
Throughout Australia, many different professionals from many different fields find themselves grateful for this particular coverage. So, who exactly are these professionals that are protected by this insurance? Traditionally, these individuals ...contd..