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Professional Indemnity Design & Construct

Professional Indemnity for the Construction Industry.

What is professional indemnity insurance?

Professional indemnity insurance provides insurance coverage for your legal liability in relation to advice and/or services given to your clients.

Why do i need professional indemnity Insurance?

You could suffer a claim if your client (or other third party/s) alleges that they have experienced a loss (usually a financial) as a result of a breach of professional duty by you.

Claims made

Means that claims first advised to you (or made against you) and reported to your insurer during the Period of Insurance are recoverable irrespective of when the incident causing the claim occurred, subject to the provisions of any clause relating to a “retroactive date”.

Retroactive date

The retroactive date shown on the policy is the date after which any errors or omissions of the Insured are covered.

Any errors or omissions made before the retroactive date are excluded by the policy. The retroactive date may be the time that the Insured first purchased a Professional Indemnity or Directors' & Officers' Liability policy.

It is important to make sure that the retroactive date is correct. Remember, that the actual event that causes a claim to be made under the policy may have occurred in a prior period of insurance, but is only covered if it is notified to the insurers in the period of insurance when the Insured first becomes aware of the claim or circumstances.
The act, error or omission must arise from work done after the retroactive date shown in the schedule of the policy for the insurance to respond.

Continuous cover

Claims Made policies generally exclude Claims arising from facts and circumstances known to the insured before the start of the policy period. An inadvertent and innocent failure to disclose a known fact or circumstance that gives rise to a Claim could result in an uninsured loss.

Continuous Cover clauses address this situation by extending cover under the policy to a Claim arising out of a fact or circumstance which could have been notified under a previous professional indemnity insurance policy but the insured failed to do so.

For a Continuous Cover clause to apply, usually the insured must have been insured under a professional indemnity insurance policy issued by the insurer at the time they first became aware of the fact or circumstance that gives rise to the Claim. The Claim must have been covered under the previous policy and the insured must have been continuously covered, without interruption, by a professional indemnity insurance policy with the insurer until the time when they notify the Claim to the insurer.

This cover will usually only be provided where there has not been any fraudulent nondisclosure or fraudulent misrepresentation by the insured.

Occupation types

CGIB provides Professional Indemnity Insurance to the Construction and Building Industry including the following:

  • Builders,
  • Construction Managers,
  • Project Managers,
  • Building Consultants,
  • Own Design and Construction Projects,
  • Out Sourced Design and Construction Projects,
  • And many more.

Quote or further information?

CGIB has extensive experience providing tailored professional indemnity insurance packages for both large and small businesses.

To obtain further information and a quote, please download, and complete the PDF form and email to us at cgib@cgib.com.au.

Feel free to contact us on 1300 764 244 if you would like to discuss this further.

(Subject to the insurers PDS / Policy Wording - please refer to the insurers PDS / Policy Wording for full details)

Price & security

Offering competitive premiums and quality service, our insurance policies are available Australia wide and provide you with the security of Australia's largest Insurers. We also offer a choice of flexible payment options.

Download an application form

Click "view download forms".
Or feel free to contact us on 1300 764 244 to talk to one of our friendly staff.

General advice

Please read our General Advice Information Page when considering purchasing an insurance product.

The Product

Please refer to the Insurer's Product Disclosure Statement (PDS) or policy wording when deciding if this product is right for you.

Download Forms

Download application forms for Professional Indemnity Insurance, or call CGIB on 1300 764 244 to speak to one of our staff.

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