WTF is Professional Indemnity Insurance
Professional Indemnity Insurance covers you in case you’re sued for an act, omission or breach of professional duty.
PII protects you against legal costs and claims. The key exposures include breach of confidentiality, negligence in providing support, incorrect advice and misplacement of records*.
Any breach (or allegation of breach) of professional duty may lead to a personal claim being made against you in court, and could see you, as an employee, being personally liable.
We hope you never you need PII, but union members are protected just in case.
You can take out personal cover for about $350 - $400 per year, but it’s free for union members.
*For more information about our policy contact the ASU Members Assistance Line on 02 9310 4000.
Enfin une explication claire sur cette assurance indispensable pour nous protéger. Merci pour cet article vraiment utile et facile à comprendre. bc game connexion (
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Professional Indemnity insurance can feel like a total maze, but it is basically your safety net if a client claims your professional advice or services caused them a financial loss. It is essential for consultants and contractors to avoid massive legal bills.
Think of it as peace of mind for your professional life. Much like how you wouldn't travel abroad without reliable holiday insurance for seniors to protect against health surprises, you definitely shouldn't run a business without this coverage. It is a small price to pay to ensure one mistake doesn't completely derail your hard-earned career or financial stability.