ProRisk Unveils Comprehensive Professional Indemnity Insurance via ProBind
ProRisk's New PI Insurance Product Offers Broad Coverage Across 506 Professions
The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.
Professional Risk Underwriting Pty Ltd (ProRisk) has launched a new Professional Indemnity (PI) Insurance policy available through their ProBind platform.
This product caters to Australian-domiciled organisations with up to 500 employees and a turnover of up to $25 million, covering a wide array of 506 professional occupations, including consultants, accountants, engineers, and legal professionals.
Backed by Swiss Re Corporate Solutions, the policy offers civil liability coverage, up to one hour of free legal advice, and access to ProRisk's Whistleblower Hotline and Contract Review Service. The ProBind platform enables brokers to obtain real-time quotes and bind policies online efficiently.
This development provides professionals with a streamlined process to secure PI insurance, ensuring protection against claims of professional negligence or mistakes. The broad coverage and additional services underscore ProRisk's commitment to supporting professionals in managing their risks effectively.
Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.
Sterling Insurance has recently secured a new professional indemnity (PI) binding authority with Lloyd's, a development that promises to provide Australian brokers with greater control over product offerings and pricing structures. This strategic move is part of Sterling's ongoing commitment to delivering tailored insurance solutions that meet the specific needs of niche and complex risk sectors. - read more
The professional indemnity (PI) insurance market in Australia has experienced significant fluctuations over the past few years, presenting challenges for professionals across various disciplines. Understanding these market dynamics is crucial for securing appropriate coverage and managing risk effectively. - read more
The Queensland Law Society (QLS) has recently approved a substantial 15% reduction in professional indemnity (PI) insurance levies for the 2026/27 period. This decision is set to provide significant financial relief to legal practitioners throughout Queensland. - read more
The Insurance Council of Australia (ICA) has called for structural reforms to the Compensation Scheme of Last Resort (CSLR) to address growing funding pressures and enhance consumer protection. This appeal comes in response to a Treasury consultation paper examining the role of professional indemnity insurance in compensation claims. - read more
Markel, the insurance operation within Markel Group Inc., has announced the launch of professional indemnity (PI) insurance solutions in Australia, featuring localised wordings to service a broad range of professions. This strategic move aims to address the growing demand for professional and financial risks (PFR) insurance solutions in the Australian market. - read more
No comments yet. Be the first to share your thoughts.