Indemnity insurance can mean many different things in insurance speak, at isure “Indemnity Insurance” means Professional Indemnity insurance. At isure our Professional Indemnity insurance is for independent contractors and consultants operating in Australia. Professional Indemnity insurance is one of the most important coverages an independent contractor or consultant should consider.
An increasing number of claims are being made against professionals by dissatisfied customers who are seeking financial compensation as a result of negligence, errors or omissions – mistakes that are all too easy to make, particularly when you’re juggling a number of projects at a time. These claims can be large, posing a significant financial threat to independent contractors who are uninsured.