Indemnity Insurance Nz

If someone alleges that you ve made a mistake overlooked a critical piece of information misstated a fact or they have misinterpreted you in the course of your work resulting in a financial loss for your client they may take legal action against you to recover those losses.

Indemnity insurance nz. Nzno s indemnity insurance covers you for up to 1 000 000 per year for defending any accusations or claims against you related to your professional practice. This webpage provides an outline of nzno s members indemnity insurance policy and its cover conditions and exclusions. Purpl is a 10 dimensional liability insurance package arranged by crombie lockwood and underwritten by qbe insurance one of new zealand s leading liability insurers. Professional indemnity insurance covers the risk of making a professional mistake.

Long term peace of mind a claim may take a long time to surface but you ll have cover for all claims made while the policy is in force even if the allegation relates to an event that occurred prior to the policy start date. Compare public liability professional indemnity and other business insurance online today. Which is why we provide different cover options for over 100 occupations across new zealand. Level 1 41 totara ave po box 15854 new lynn waitakere 0640 new zealand help gsidirect co nz claims gsidirect co nz 0800 indemnity 463 366 t.

64 9 280 4844 f. Your membership of the new zealand psychological society nzpss entitles you to considerable savings on professional indemnity insurance. The cost of defending a claim can be very significant whether or not the claim is justified and full cost recovery against the claimant is unlikely. Compare public liability professional indemnity and other business insurance online today.

Indemnity insurance is a type of insurance policy where the insurance company guarantees compensation for losses or damages sustained by a policyholder. 64 9 280 4845. Your institution may tell you that they indemnify you but that is not quite the case. Bizcover can find the business insurance suitable to your needs.

The society has partnered with insurance broker aon new zealand to offer nzpss members a competitive indemnity insurance package. Insurance cover for members of the new zealand psychological society. Indemnity insurance protection is vital. Professional indemnity insurance is designed for professionals who provide advice or a service to their clients.