In an ever increasingly litigious commercial environment in Australia the expectations on Professionals such as engineers, consultants, financial services and any one giving advice which could be considered professional is significant. Civil liabilities can be very expensive to defend and settle which is why a correctly arranged professional indemnity policy is a key risk management tool for any business giving professional advice.
Mercantile are experienced with arranging and managing such programmes needed to give you the required protection from a range of local and overseas insurance options.
Mergers & Acquisition
Real Estate Agents
Plus many more..
Directors’ & Officers’ Liability
Employment Practices Liability
Statutory Liability & Supplementary Legal Costs
Product Errors & Omissions
Design & Construct Professional Indemnity
Public and Products Liability
General Property: Laptops Australia Wide
Example 1: A consulting engineer is engaged to do power production estimates for a planned power generator. The engineer failed to allow for key variables and after significant additional investment the error was discovered and a financial loss to the clients was incurred due to the project having to be abandoned.
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