If you are providing advice or a professional service that another party will rely on, you could face legal action if your negligence or a breach of your professional duty causes some form of harm or loss to a third party.
Many business operators underestimate the real cost of legal action. The threat of a potential claim and litigation is very real in today’s business environment and can potentially bankrupt a business, small or large. With the cost for a defence at approximately the $100,000 mark, many businesses – especially small businesses – would struggle to fund these costs.
Typically, litigation tends to drag on for years, which would see your legal defence costs quickly mount up.
– Civil Liability Policy for Healthcare Entities
The policy responds to civil claims for compensation and the associated legal expenses as a result of a breach of the professional duty by the policy holder, including vicarious liability for contractors providing healthcare services.
– Privacy Complaints & Official Investigations
Investigations, enquiries and civil proceedings can arise from a number of areas. eg: AHPRA, State or National Health Ombudsman and HCCC. A Professional Indemnity policy will cover the cost and expenses relating to an investigation by a regulatory body into your professional services.
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The information provided here is general advice only and has been prepared without taking into account your objectives, financial situation or needs. Please refer to the Product Disclosure Statement for specific information regarding the insurance cover.