PHONE: 09 373 0700

FAX: 09 373 0706

EMAIL: info@mont.co.nz

 

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Professional Indemnity

What is Professional Indemnity Insurance?

Have any questions about how this can apply to you?

Professional Indemnity provides protection for anyone who gives advice or custom designed a solution for a client.

 

A Public Liability policy would respond to any physical damage that is caused but what about the Financial Loss that has occurred?

 

A Professional Indemnity policy will cover a company or employee for any errors in advice and design that they wrongly give which results in a financial loss for their client.

Professional Indemnity may

cover:

  • An Insurance broker who fails to explain insurance policies correctly which leads to a client not having the correct insurance after an event

 

  • Valuer who incorrectly values a building that has burnt down and leaves the client out of pocket

 

  • A Financial Planner who provides incorrect investment advice