Information Centre

• A $1 million sum insured is no longer adequate for many Professional Indemnity or Directors & Officers Liability policies – these days you generally need at least $5 million.

  by Prof Cover on Monday, 25 March 2013

  The time is past when a $1 million sum insured is adequate for most Professional Risks policies. For more than 20 years, for small to medium-sized professional practices, this sum has been considered ...

  Read More »

• Some questions to consider when considering sum insured

  by Prof Cover on Tuesday, 26 March 2013

  In a worst-case scenario, if something went wrong, what would be the financial loss to third parties? What is the potential for bodily injury claims, and even multiple injuries? What is the potential...

  Read More »

• It’s important for everyone that the sum insured is adequate

  by Prof Cover on Monday, 25 March 2013

  It is obviously bad news for the insured and their broker when they receive a claim on a policy where the sum insured is inadequate; it brings no joy for CGU Professional Risks either. It is also an u...

  Read More »