Professional Indemnity Insurance provides protection for businesses and professional persons in respect of legal liability arising from the conduct of their practice or business.
About
Vero Liability’s Professional Indemnity (PI) Insurance provides protection for your business if a client claims that the advice or service you have provided is wrong or not completely disclosed, and your client or a third party suffers financial loss as a result.
The costs associated with legal representation can be potentially crippling, irrespective of any liability to compensate a third party. Vero Liability's PI policy will pay for legal costs and expenses associated with defending your claim as well as any settlements or judgements against your business arising out negligent advice or services.
Who Needs It?
If you or your company are in the business of providing professional advice or services, you can be held liable for your actions. A simple act, error or omission is all that it takes to trigger a claim and involve your company in expensive and time-consuming litigation.
If you provide one of more of the following services as part of your business or profession, you will have a PI exposure:
- Advice
- Design
- Consultancy
- Opinion
- Analysis services
Requesting a Quote
Our website provides general information about our products and services and is not intended to be financial advice. Vero Liability products are available through insurance brokers and advisers. An insurance broker provides independent, professional and specialist advice to help make sure you have the right protection. If you don’t already have one, you can find a broker on the Insurance Brokers Association of New Zealand (IBANZ) website by clicking on the button below.