Zurich Professional Indemnity Insurance
Effective 1 June 2010
Zurich has reviewed its Professional Indemnity capability to maximise
its offering in the market.
Zurich Professional Indemnity Insurance (PI) encompasses the following products:
• Miscellaneous PI
• SME PI
• Architects and Engineers PI
• Technology and Communications Sector PI
What is covered
Professional Indemnity Insurance covers your client against a legal liability to compensate third parties for injury, loss or damage due to the professional’s breach of professional duty in the conduct of their profession/business/occupation or that of their employees caused by an act error or omission/civil liability.
• damages
• compensation
• interest and costs
• defence costs
Capacity
With one of the largest capacities in the market, we give your clients limits of up to $30 million for any one claim and $60 million in the aggregate.
New professions
• Wide range of engineering professions, architects, surveyors, shipping agents
• Wide range of communications professionals, advertising agencies, database managers, programmers, IT consultants
• Consultancy in health, energy, tax and other miscellaneous professions
Target risks
• Engineering and Architecture
• Consultancy
• IT and Communications professionals
• Accountancy
• Miscellaneous professions
Further examples of target risks are included in the table on pages 2 to 6.
Examples of preferred and declined classes of business
Professional Indemnity Insurance A
Accountancy - Audit
3
Accountancy - Management Services
3
Accountancy - Other
3
Accountancy - Taxation
3
Actuaries
✗
Advertising Agencies
3
Advisory Service / Information Bureau
3
Aerial Photography
3
Aged Care Services
3
Agricultural / Agronomy Consultancy
3
Agricultural Consultancy
3
Air Cargo Consultancy
3
Air Pollution Consultancy
3
Alarm System Design & Monitoring Professionals
✗
Animal Care Services
✗
Anthropologists
3
Appraiser Automobile
3
Aqua Cultural Consultancy
3
Arbitrators
3
Arboriculture Consultancy
3
Professional Indemnity Insurance
Associations - Trade
3
Associations - Welfare3
Auctioneers3
Audio Consultancy3
Audiologists / Audiometrists✗
Automotive Engineers3
B Beauticians✗
Body Corporate Management Services
3
Bookkeepers
3
Botanists / Horticultural Consultancy
3
Building Management and Construction
3
Building Services Contractors
3
Building Services Engineers
3
Business Brokers / Managers
?
Business Consultancy
3
C
Cartographers
3
Childcare and Related Personal Services
✗
Civil / Structural Engineering Contractors
3
Clinical Research Consultancy
✗
3
= Targeted occupations?
= Occupations that we may consider on a case to case basisProfessional Indemnity Insurance Conveyancing
?
Corrosion Consultancy3
Counselling Services3
Crane Inspection/Certification3
Credit Bureaus3
Credit Management Services
3
Customs Agents/Customs House Brokers
3
D Database Managers
3
Debt Collection/Mercantile Agents3
Debt Consultancy
3
Design and Construction Professionals
?
Direct Marketing3
Disability Consultancy
3
Dispatch Centre
3
Draftsman
3
Driver Training3
Professional Indemnity Insurance E Ecologists3
Economists
3
Education Consultancy
3
Electrical Inspectors
3
Electronic Data Processors
3
Employee Benefit Consultancy
3
Energy Consultancy
3
Engineers - Acoustical3
Engineers - Chemical3
Engineers - Civil3
Engineers - Communication3
Engineers - Electrical3
Engineers - Environmental3
Engineers - Geotechnical?
Engineers - Heating, Ventilation and Airconditioning?
Professional Indemnity Insurance
Engineers - Hydrological
3
Engineers - Mechanical
3
Engineers - Structural
?
Environmental / Pollution Consultancy
3
Environmental Auditors
3
Environmental Consultancy / Testing Labs
3
Equipment / Farm Appraisers
3
Ergonomic Consultancy
3
Escrow Agents
3
Event Managers & Coordinators
3
Executive Recruitment / Human Resources
Consultancy
3
Expert Witnesses
3
Export Consultancy
3
F
Family Counselling
✗
Family Welfare Organisations
3
Farm Management Advisory Services
3
Finance Brokers
✗
Financial Institutions*
✗
Financial Planners*
✗
Fire Protection Engineers / Safety Trainers
3
Professional Indemnity Insurance G
Genealogists
3
General Building Contractors
?
Geological / Mineral Industry Consultancy?
Golf Course Designers3
Government Advisory Organisations
3
Graphic Designers
3
H
Hairdressers
✗
Hardware Engineering / Sec / Sales
3
Health and Safety Consultancy
3
Horticultural Consultancy
3
Hydrographic Surveyor
3
I
Immigration Consultancy
3
Industry Association
3
Inspection and Testing Services
3
Interior Decorators (not designers) / shopfitters /
landscapers
3
Interior Designers
3
Investment Advisors*
✗
IT Consultancy
3
3
= Targeted occupations?
= Occupations that we may consider on a case to case basisProfessional Indemnity Insurance
Loss Assessor / Adjusters
3
Loss Control / Management Control
3
M
Malpractice / Treatment Risks - Other
?
Management / Corporate /Business / Consultancy3
Manufacturers Agents
3
Marine Consultancy
3
Market Research Consultancy
3
Marketing Consultancy
3
Marriage Celebrants
3
Materials Handling Consultancy
3
Materials Testing Consultancy
3
Media Consultancy
3
Metallurgists
?
Meteorologists
?
Mineral Surveyors?
Mortgage Brokers✗
Motel Management Consultancy
3
Multimedia Service Providers
3
N
Natural Gas Feasibility Studies & System Design
?
Professional Indemnity Insurance
Natural Resource Consultancy
3
O
Oceanographic Consultancy
3
Odour Pollution Consultancy
3
OH&S Consultancy /Vocational Rehabilitation
3
P
Patent Attorneys
?
Pathology Labs
✗
Personnel Consultancy / Agency
3
Personnel Consultancy / Human Resources
Consultancy
3
Plumbing / Irrigation Consultancy
?
Primary Schools3
Printers3
Printing Consultancy3
Private Investigators?
Private Schools3
Project/Construction Managers3
Property Developers?
Property Management - Commercial/Institution/
Industrial
3
Public Relations Consultancy
3
Professional Indemnity Insurance Q
Quality Assurance Consultancy
3
R Real Estate Agents
?
Recruitment Consultancy / Employment Agency3
Religious Bodies3
Relocation Agents
3
Research & Development Professionals
?
Research Laboratories?
Risk Management Consultancy3
Road Maintenance Contractors / Engineers
3
S Safety Consultancy / Engineering
3
Search Agents3
Secondary Schools / Colleges
3
Secretarial / Court Reporting
3
Secretarial Services (Typing and Admin)
3
Security Consultancy3
Shipping Agents
3
Solar Energy Consultancy
3
Speech Therapists
3
Professional Indemnity Insurance T Tax Consultancy
3
Technical Writers3
Telecommunication Consultancy3
Telecommunications Services3
Testing Laboratories?
Tour Operators3
Town Planners3
Trade Unions3
Training / Development Consultancy
3
Translators / Interpreters3
Transportation Consultancy3
Travel Agency / Consultancy
3
U Universities
3
V Valuers✗
Veterinary Clinics✗
W Waste Management Consultancy3
Water Conservation Consultancy
