Building Designers Professional Indemnity

Protecting your business when you need it most.

Specialist Insurance Policy for Building Designers (which incorporates Interior Designers, Services Designers, Town Planners and Energy Raters) and Architects.

CGIB has joined forces with Building Industry Solutions (B.I.S) to create a full spectrum Broking business, and to provide a robust platform which will support Australia’s largest Building Designer Professional Indemnity offering.

Policy benefits at a glance:

  • Premium discounts for Building Designer Association members
  • Known and trusted local Insurer  - CGU Insurance Ltd
  • 1 hour free legal advice each year
  • Tailored Policy provisions to suit profession
  • Costs Exclusive Excess and Indemnity Limits
  • Excess Waiver for first claim (conditions apply)
  • Premium Funding option to assist with business cash flow
  • Technical support available for all business, design and claim issues
  • Run-Off cover options available
  • Free contract reviews advice

Additional Options for inclusion of:

  • Project Management Activities
  • Cyber Risk Insurance
  • Public & Products Liability Cover
  • Management Liability 

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) allege that they have experienced a loss (usually financial) as a result of a breach of professional duty by you.

Other Insurance terms you should know about:

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 cover

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.

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

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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.

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