Professional indemnity insurance covers you for errors in the advice or service you provide.

With Professional indemnity insurance it is always better to have a policy which was specifically written for your industry, as it includes cover designed for your specific needs, for example IT liability, wet building cover for Architects, or design & construct policies which don’t have the inherent exclusions of standard NZ policies.

Through our overseas connections we can access many industry specific policy wordings not seen in NZ.

NZ policies tend to have “costs inclusive excess”, where you pay the excess before the insurer pays anything, regardless of the outcome.

Some of our insurers provide “costs exclusive excess” policies. With a costs exclusive policy, the insurer in involved & picks up the costs from day 1 and the excess is only paid when a settlement is made, this can make a big difference at claim time.