Professional Indemnity Insurance

Those who hold themselves out to be expert, not only in traditional professions, like medicine, accountancy, or law, but others, such as engineering, surveying, architecture, computing, stockbroking and property valuation, must act with all the care and skill that may be reasonably expected of a competent practitioner in their field.



No professional can be sure that they or their partners or staff will never make a mistake. Solicitors may fail to take timely legal proceedings, a stockbroker may make a mistake in a share transaction, an architect or engineer might misread a technical drawing leading to a design fault., a doctor might prescribe incorrect medication or a chemist make it up incorrectly…the possibilities are endless and ever present.



Over the past decade, there has been an upsurge in litigation raised against professional people, resulting in some enormous awards for damages, particularly in the United States. As a consequence, professional people now face such an onerous duty, and they cannot afford to be without the protection of Professional Indemnity insurance. Many insurers do not offer Professional Indemnity insurance - and among those that do, policy wordings vary considerably.



GNG is an independent professional, whose primary role is to act for you, the client. From advising on the right type of policy, through to negotiating the best deal and arranging the cover, we are with you all the way. We are members of the National Insurance Brokers Association (NIBA) and hold an Australian Financial Services Licence (AFS licence) issued by the Australian Securities and Investments Commission (ASIC) pursuant to section 913B of the Corporations Act 2001. We are also shareholders in Steadfast Group an insurance broker buying group which gives you access to a wide range of insurers and policy types. To know more about us, please visit us at www.gng.com.au.