Professional Lines Insurance
Safeguard Your Professional Services
In today’s fast-paced business environment, protecting your professional services is paramount. Knightcorp Insurance Brokers offers tailored professional lines insurance to shield your business from industry-specific risks.
Protect Against Executive Risk
Professional Lines Insurance protects professionals and businesses that provide specialised services or advice. Or protection from claims arising from decisions and actions resulting from management of a company. It typically includes a range of coverages with significant benefits:
Professional Indemnity Insurance
Protects against claims of negligence, errors, omissions, or failure to deliver services that result in financial loss to a client.
Directors and Officers (D&O) Insurance `
Protects the personal assets of company directors and officers in the event of legal actions due to their decisions or leadership roles.
Management Liability Insurance
Designed for situations where separate policies are not suitable. A bundled product solution for business of all sizes to access protections of Statutory Liability, Crime, Directors’ and Officers’, and Employment Practices Insurances.
Cyber Insurance
Covers businesses against the financial fallout of cyberattacks or data breaches.
Incident Response Management
The policy gives an insured access to an Incident Response Manager who will coordinate the response to an incident by giving access to expert vendors like law firms, crisis consultants, PR firms and forensic IT consultants.
Our Process
Our streamlined process ensures tailored coverage, competitive terms, and ongoing support for your insurance needs.
Assessing Your Needs
Conduct a detailed risk assessment to identify specific coverage requirements, budget constraints, and unique risks. Develop a customised insurance solution tailored to your business.
Assessing Your Needs
Conduct a detailed risk assessment to identify specific coverage requirements, budget constraints, and unique risks. Develop a customised insurance solution tailored to your business.
Insurer Selection & Market Research
Research the insurance market to identify suitable providers. Compare coverage options, terms, and pricing. Negotiate with insurers to secure the best terms and policies.
Policy Recommendation
Present a range of policy options and provide clear explanations of their coverage and implications. Assist you in selecting the best policy to meet your specific needs.
Policy Submission & Confirmation
Submit the selected policy application and coordinate with the insurer during underwriting. Review the final policy documents and ensure all details are accurate before providing you with the confirmed coverage.
Ongoing Support & Adjustments
Provide continuous assistance with claims, policy reviews, and adjustments as your business evolves. Ensure your coverage remains aligned with changing risks and project needs for long-term protection and peace of mind.
Expertise That Works
Professional Risk, Precision Coverage
At Knightcorp, we understand the intricacies of professional lines insurance—whether it’s professional indemnity, D&O, or cyber liability. Our team delivers bespoke solutions to safeguard your business so you can focus on what you do best.
- D&O Liability Risk Analysis: Specialists in assessing directors’ and officers’ exposures, including governance issues and shareholder disputes.
- Claims Management for Complex Disputes: Expertise in handling negligence, defamation, and regulatory claims to minimise disruption to your business.
- Contractual Liability Expertise: Skilled at ensuring your policies meet the insurance requirements outlined in client contracts and regulatory obligations.
Leadership
Meet Stuart
Stuart Quigley leads Knightcorp’s Professional Lines practice, drawing on over 15 years of expertise in tailoring policies like Professional Indemnity, Cyber Liability, and Directors & Officers insurance. With Stuart’s guidance, you get coverage that empowers your business to operate confidently in a fast-changing world.
Frequently Asked Questions
Demystifying Insurance
What is Professional Lines Insurance?
Professional Lines Insurance refers to a category of business insurance designed to protect professionals and businesses that provide specialised services or advice. It includes popular policies like Directors and Officers Insurance, Professional Indemnity, and Management Liability Insurance, among other related lines.
Who needs Professional Lines Insurance?
Structured to protect executives and board members, Professional Lines Insurance really extends to the Managers, Directors and Officers of any business and those individual professionals or businesses offering specialised services or advice, such as consultants, architects, engineers, and medical professionals.
What does Professional Lines Insurance cover?
It depends on the specific coverage, but it typically covers legal defense costs and any compensation payable if a third party suffers a financial loss due to your professional services or advice.
Is some form of Professional Lines Insurance required in Australia?
While not mandatory for all professions, certain industries and professional bodies require practitioners to hold Professional Indemnity Insurance.
What are some common claims covered by Professional Lines Insurance?
Professional Lines Insurance typically covers claims such as professional negligence, breach of duty, mismanagement, defamation, intellectual property disputes, and errors or omissions in service delivery. These claims typically come from dissatisfied clients, regulatory investigations, or errors in the course of professional work.
Industries
Industries We Protect
