AICAS – Policy Cover – White Insurance Brokers

Professional Indemnity

$2 million (Aggregate – $6 million)
$5 million (Aggregate – $15 million)
10 million (Aggregate – $30 million)
Excess Nil on all claims

Public & Products Liability & Advertising Injury

$10 million
$20 million
Excess Nil on all claims

Automatic Sub-limits of Cover

$1 million Property in Care, Custody & Control
$1 million Driving Risk Extension
$500,000 Disciplinary Proceedings & Inquiry Costs
$250,000 Fines & Penalties
$250,000 Fidelity Guarantee
$100,000 Claims Mitigation Costs
$100,000 Public Relations Expenses
ASIC Approved External Disputes Resolution Costs

Additional Cover Benefits

12 months Run-Off cover automatic extension – Applicable after three years of holding continuous cover
Cover for Pro-bono work
Unlimited Retro-Active Cover
Territorial Limits Worldwide excluding USA & Canada
Jurisdiction Limits Worldwide excluding USA & Canada

Staff & Sub-contractors

The number of Directors, Principals and staff covered under the policy will have an affect on the premium
Named sub-contractors can be covered at additional cost depending upon the number

Professional Indemnity Policy Cover

Advanced Defence Costs
Automatic Run-Off Event
Breach of Fiduciary Duty
Beach of Warranty of Authority
Claims Mitigation Costs
Compensatory Fines & Penalties
Continuity
Contractual Liability
Court Attendance
Defamation
Extended Reporting Period
Fidelity
Fraud and Dishonesty
Intellectual Property and Confidentiality
Inquiry Costs
Joint Ventures
Lost Documents
Misleading or Deceptive Conduct
New Subsidiaries
Past Partner Liability
Previous Business Name
Privacy
Public Relations Expenses
Reinstatement Limit of Liability
Vicarious Liability

Public & Products Liability Policy Cover

Covers a broad category of people and entities
Legal liability to pay compensation for personal injury, property damage and advertising liability
Broad definitions of personal injury, insured’s products, products liability and advertising liability
Property damage including any loss of use of property
Claims preparation costs
Property in your Care, Custody or Control
Vehicles Used as a Tool of Trade
Court Attendance Costs
Cross Liability
Vehicles Unloading or Loading Goods
Sale or Supply of Goods

Sub-contractors

Sub-contractor(s) can be covered under your Professional Indemnity and Public and Products Liability insurances by naming them on your policy. They will only be covered for services provided for and on your behalf. Any unnamed sub-contractor will not be covered, but you will still be covered to the extent of their vicarious liability, e.g. any negligent act they commit whilst acting on your behalf, for which you are held liable.

Premium Funding – Pay your premium by monthly instalments

Fund your premium and spread the repayments over 3 to 12 months. Funding charges apply.
If you wish to pay by monthly instalments, please contact us for a premium funding application. Instalments will be debited directly from your nominated bank account or credit card. Please note that funding terms, conditions, fees and charges apply, including default and cancellation charges.

Facility Security

Underwritten 100% by an APRA Authorised Insurer

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