hsu professional indemnity insurance

The HSU also provides professional indemnity insurance for members at no extra cost. Professional Indemnity Insurance is designed to cover a qualified professional for claims arising from allegations that their specialist services or advice has caused financial loss to their customers. In important disciplinary meetings and processes, the HSU will provide members with ongoing support and representation to see that members know their rights and any outcomes are fair. Who needs Professional Indemnity in the UAE? The excess or deductible under a Professional Indemnity policy is no different to that under any other policy, being the amount the insured will contribute to each and every claim. If you have Professional Indemnity Insurance then we can’t guarantee that you still won’t lose sleep over losing a customer but at least it may lessen the burden somewhat. Professional services include any designs, advice, or consultations you carry out for a client. Any complaints or disputes are to be reported to HSU immediately. Why you need professional indemnity insurance. How to claim Professional Liability Insurance, Claims are managed by the HSU insurance broker, Marsh. Information included on the HSU website is intended to be a guide only and does not supersede the policy issued by the underwriter, Vero. Indemnity insurance provides protection for you against claims for breach of professional duty because of a negligent act, error or omission relating to your work. Professional Indemnity insurance works in a similar way to other third-party insurance products. 6 | Professional Indemnity Insurance Policy Professional Indemnity Insurance Terms and Conditions THIS POLICY COVERS CLAIMS FIRST MADE AGAINST THE INSURED (AND, IN RELATION TO INSURANCE CLAUSE 3, LOSS OR DAMAGE OCCURRING) AND NOTIFIED TO THE INSURER DURING THE PERIOD OF INSURANCE. Alternatively, you can find your branch by state and find more information about your union’s benefits. The HSU continues to protect financial members by purchasing a Professional Liability Insurance policy on their behalf. Professional indemnity insurance pays the legal costs in defending you, as well as any compensation payments that may be due to your client as a result of your mistake. The sum insured is $20 million (and $80 million in any one policy year)*. To find out what other benefits you are entitled to, please contact us on 1300 478 000. What if they ask you to sign something you’re not sure about? Would the personal information I provide be kept confidential? Professional Indemnity Insurance - At Zensurance we simplify the process of getting professional indemnity insurance. THE RIGHT INSURANCE COVER Through IPA Insure you can reduce your risk exposure by securing cover for: Before you make a decision about your own insurance, or any insurance product, you should: Click here for a copy of the policy wording.Click here for a copy of the certificate of currency. Professional Indemnity Insurance. Underwritten by CGU, our Professional Indemnity insurance is specifically tailored to meet the risk exposure of accountants, tax agents and bookkeepers, as well as accounting practices that offer financial planning advice and services. Work you perform as an employee in an occupation outside HSU membership coverage. The cover under the members Professional Liability Insurance policy is provided at HSU’s discretion and the terms and conditions of the policy may be subject to change without notice. Take a look at some of the examples below . Sometimes things can go wrong when you run a business. All financial members are covered by the HSUWA’s professional indemnity insurance of $20 million for any one claim (and $80 million aggregate in any one policy year)*. That’s because our digital operating model creates lower overheads, and we pass every dollar saved back to our clients. Is there a waiting period?No, the policy is available to members as soon as they join and have made their membership payment. Some examples of occupations deemed to fall within this category are; The limit of indemnity or maximum sum insured on any one claim is $20,000,000. We’ve partnered with Aviva to offer professional indemnity insurance that protects you against a potential negligence claim. Below are their contact details:Marsh Pty Ltd PO Box H176 Australia Square NSW 1215, Tel: 02 8864 8365 E-mail: claims@hsu.asn.au. No. If you become unfinancial you will not be covered any longer by the Professional Liability Insurance policy. All rights reserved.Level 2, 109 Pitt St, Sydney NSW 2000 | ABN: 93 728 534 595, Delegates & activists are the backbone of our union. Professional Indemnity Insurance Policies in Singapore generally begin from $500/year, for a starting amount of about $500,000 in coverage.Prices will vary depending on your business type and size. Long-term peace of mind. All Professional Indemnity Insurance plans we offered are quoted on a bespoke case-by-case basis. It also covers contract, IP and trademark disputes. HSU members shall give notice in writing or by email to Marsh and the HSU as soon reasonably practicable of every Occurrence, and shall forward to the Insurer all information relevant to such Occurrences that the Insurer may reasonably require, in particular every demand, writ, summons, proceeding, impending prosecution, inquest. Yes. Join today and stand with over 43,000 workers in health, ambulance, aged care, disability care, and private health! We operate through interconnected global platforms with a unified mission and common purpose built around our underwriting, product and distribution. At the core of this is an innovative and modern technology eco-system, which enhances everything we do and creates a differentiated client experience. Cover is only provided in relation to claims that are made to you and notified to the insurer in the relevant policy period. To be entitled to the benefits of the policy, you must be a current financial member of the HSU. Yes. If you have an ongoing claim it will cease if you become unfinancial. Professional indemnity cover is provided majorly on claims made basis. Professional Indemnity insurance is cover that will protect you and your business in the event of allegations of negligence being made against you which has caused your client a financial loss as a result of your negligence, mistakes or oversights. Known circumstances of existing claims against members. The HSU and its employees cannot provide financial advice or advice on your insurance needs to you. Cover is offered on an annual renewable basis but can also be offered for a specific project. Background: Professional Indemnity for Construction. Seek independent financial or insurance advice where necessary. 8). When we stand together, our voices can’t be ignored. making a mistake in a piece of work for a client) Loss of documents or data. WHO CAN BUY PROFESSIONAL INDEMNITY? Ensure your rights and conditions at work are fought for, protected and improved. If you’re unsure whether or not you need a Professional Indemnity Insurance policy here in the UAE. Why choose Professional Indemnity Insurance? All financial members are covered by the HSUWA’s professional indemnity insurance. PII provides you with the legal protection and support you will need if there is an issue with your professional practice at work. Your browsing experience may be affected by not having the most up to date version. Be part of a movement that will always campaign for secure jobs, stronger communities and a fairer society. If my second job is a registered business, will it be insured? It is not too long ago that Professional Indemnity (PI) insurance for contractors in the construction industry was practically unheard of. Employers may not be able to indemnify their employees due to insufficient insurance arrangements or impending insolvency. Each HSU branch provides designated lawyers who will give you a free initial consultation on any matter or full legal representation on industrial matters. Yes, the policy will also give coverage to retired members as long as the incident that gave rise to the claim occurred whilst you were a financial member of the HSU. Yes. For further details visit www.memberconnect.com.au. We can help with collective and individual issues around staffing, restructures, career progression and other matters. The range of benefits available to members varies from branch to branch across Australia. Please visit Microsoft to upgrade to MS Edge. HSU members who are ordinarily deemed to be employees though employed as contractors are covered providing that they are also insured by their employer’s Professional Indemnity Insurance policy. Free Professional Indemnity Insurance Quotes in Hong Kong . HSU members must immediately report any claims or circumstances which may lead to a potential claim. 65 of 2015 obliges all healthcare professionals who are providing cross-border healthcare (under this Directive) in the State to have professional liability insurance and to provide evidence of this if requested by an Authorised Officer. These can be costly and disruptive to a business to defend and compensate for, all of which the business may not have the financial resource to fund. We will engage Marsh and/or the insurer (Vero) as required, to resolve the complaint/dispute. Professional indemnity policies are issued on “claims made basis” which stipulates that all known circumstances must be reported to the insurer during the policy period. Read the relevant Product Disclosure Statement (PDS); and. What if I become unfinancial with the Union, am I still covered? If you. Get a free quote, it's quick and easy! With Provide, you save up to 25% on your annual premiums. The policy covers members who work in the private sector then work in the public sector or vice versa, providing they remain a financial member of the union and are employees working in occupations which fall within the coverage of the HSU. Does the policy cover members who work in both the public and private sector where they have different employers? Professional Indemnity Insurance (PII) is a form of liability insurance that protects you at work. You must be a full member of the Union at the time the Occurrence becomes known to the member to be covered under this policy. 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