Professional Indemnity Insurance

CGU Professional Indemnity Information

Extent of Cover

Includes Breach of duty of confidentiality.

We cover both libel or slander by the insured, employees and
principals.

We cover documents owned by a third party in the physical
custody or control of the insured at the time of loss or damage.
We do not cover the employee or principal for these claims.

We cover the unintentional breach by the insured of any
patent, copyright, design or trademark.
We do not cover criminal liability.

We cover the legal costs and expenses of investigating,
defending or settling any claim which would be covered by
the policy.

We cover the legal costs and expenses for the insured’s
representation at any enquiry or hearing of a disciplinary
nature held before a legally constituted body, or for a coronial
enquiry.

We provide cover for known circumstances arising prior to the
period of insurance, as long as the insured was continuously
insured with us and was insured with us at the time he/she
became aware that a claim may be made, and in the normal
course, this claim would have been covered under both policies.

We cover the insured’s individual liability and, if informed
about the joint venture and we agree, we will cover both the
insured’s individual and joint liability.

We cover a claim or anything giving rise to a claim that arises
from anything done anywhere in the world.
■ Civil liability claims arising from the conduct
of the insured’s professional business practice
(Clause 3.2).
■ Breach of Duty (Clause 3.2(a)).
■ Defamation (Clause 3.2(b)).
■ Loss of or damage to documents (Clause 3.2(c)).
■ Dishonest, fraudulent, criminal or malicious acts by
an employee or principal of the insured (Clause 3.2(d)).
■ Infringement of any patent, copyright, design or
trademark (Clause 3.2(e)).
■ Trade Practices Act and Fair Trading Acts
(Clause 3.2(f)).
■ Claim investigation costs (Clause 3.4).
■ Cost of disciplinary proceedings or enquiries
(optional) (sub-Limit) (Clause 3.5).
■ Continuous cover (Clause 3.6).
■ Joint venture liabilities (Clause 4.4).
■ One automatic reinstatement of sum insured
(Clause 5.2).
■ Worldwide territorial (Clause 10.7).

For any professional indemnity matter, please ask us at Statewide.....