Professional Services

Gow-Gates can create an extensive insurance programme for professional service providers.

If you are a professional services provider in a field such as medicine, IT, engineering, law or financial services, Professional Liability insurance is essential. Despite the best business practice and risk management, mistakes can be made, exposing you to claims of professional negligence or breach of contract. In addition to this, the Australian professional services sector is becoming increasingly litigious.

While these risks are inherent in the work of a professional, Gow-Gates assists various businesses to mitigate the consequences of risks through effective risk management strategies and insurance solutions.

In times of increased accountability, it is a small investment for big peace of mind.

What professional risks insurance should you have?

Professional Indemnity

  • Specific profession coverage
  • Cover for a broad range of civil liabilities
  • Full worldwide coverage
  • Cover for contractors or consultants
  • Vicarious liability cover
  • 100% defence costs allocation provision
  • Advancement of claims investigation costs
  • Public relations expense

Information and Communication Technology

  • Worldwide coverage
  • Duty to defend
  • Advancement of defence costs
  • Defence costs in addition to the limit of indemnity
  • Intellectual property coverage
  • Loss of data cover
  • Product recall expense

Directors and Officer’s Liability

  • Wide Company reimbursement clause
  • Advance payment of defence costs
  • Continuity of indemnity
  • Defence costs for Occupational Health and Safety,
  • Investigations, and Pollution
  • Pecuniary penalties payment
  • Corporate crisis cover

Management Liability

  • Cover for directors and officers, corporate
  • Employment practices and superannuation trustee liability
  • Corporate crisis cover
  • No automatic insolvency exclusion
  • Automatic re-instatement for all insured persons
  • Cover for occupational health and safety and pollution defence costs

Statutory Liability

  • Cover for statutory fines and penalties
  • Cover for legal costs and expenses incurred in investigating, defending, appealing and settling claims