Vero Liability offers Professional Indemnity insurance to businesses that provide professional services to their clients. This insurance protects against negligence based or civil claims by clients, including the cost of defending court proceedings.
Professional Indemnity insurance responds to claims for breach of professional duty or negligence resulting in financial loss. 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.
This insurance covers both the cost of claims for compensation that the business is legally liable to pay, and also the costs of defending the claim.
Who needs it?
Anyone whose business is to provide their opinion, advice or other professional services to their clients.
Core customers for Professional Indemnity insurance include:
- Investment Advisers
Requesting a Quote
Vero Liability products are available through insurance brokers and advisers. An insurance broker provides independent, professional and specialist advice to help make sure you have the right protection. If you don’t already have one, you can find a broker on the Insurance Brokers Association of New Zealand (IBANZ) website by clicking on the button below.