Information included on the HSU website is intended to be a guide only and does not supersede the policy issued by the underwriter, Vero. In those days, the employer engaged a team of professional designers and presented the plans and specifications to the contractor to build. It is not too long ago that Professional Indemnity (PI) insurance for contractors in the construction industry was practically unheard of. 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. Why has insurance been provided for HSU Members? 8). That’s because our digital operating model creates lower overheads, and we pass every dollar saved back to our clients. Any complaints or disputes are to be reported to HSU immediately. We pride ourselves on the standard of our work of which our reputation is built, but unfortunately mistakes do happen. Getting called into a meeting with the boss can be scary. Seek independent financial or insurance advice where necessary. PII … The HSU also provides professional indemnity insurance for members at no extra cost. Who needs Professional Indemnity in the UAE? Yes. HSU financial members for claims resulting from any actual or alleged breach of duty that are made and notified to the insurer during the relevant policy period and where the members employer; HSU members who perform part-time private practice work, provided that the members additional income earned does not exceed $75,000 per annum and such work is of a similar nature to their usual employment. 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. All financial members are covered by the HSUWA’s professional indemnity insurance. We will engage Marsh and/or the insurer (Vero) as required, to resolve the complaint/dispute. Don’t get left out on your own – join today! Professional Indemnity Insurance Ireland. It is essential for anyone working in the health, aged care and community sectors – especially those who work with vulnerable people. 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. Get representation and support from those who know your workplace rights. 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. Will I receive immediate legal assistance? If you work in Allied Health, the HSU is here to support you. 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. PII provides you with the legal protection and support you will need if there is an issue with your professional practice at work. Join today and stand with over 43,000 workers in health, ambulance, aged care, disability care, and private health! Read the relevant Product Disclosure Statement (PDS); and. The HSU continues to protect financial members by purchasing a Professional Liability Insurance policy on their behalf. HSU officials visit workplaces regularly to provide support and assistance to members. Will this policy pay my legal defense expenses? Does the policy cover members who work in both the public and private sector where they have different employers? If in the course of your work of advising clients, you make a mistake or fail to do something that could cause financial loss to another person then you need this type of cover. Protect healthcare heroes with paid pandemic leave, COVID-19: Support the Disability Sector Now, Suite 46, Level 1, 255 Drummond Street Carlton VIC 3053. For further details visit www.memberconnect.com.au. We’ve partnered with Aviva to offer professional indemnity insurance that protects you against a potential negligence claim. 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. Employers may seek to recover financial losses when members are deemed to have acted outside the scope of their normal duties or authorities. Why you need professional indemnity insurance. If you have an ongoing claim it will cease if you become unfinancial. Known circumstances of existing claims against members. making a mistake in a piece of work for a client) Loss of documents or data. Professional Indemnity Insurance would pay out the financial damages awarded by a court of law and will also pay for related legal defense costs up to the limit specified in the policy. I am retired, would this policy extend to me while I was working? Get a free quote, it's quick and easy! Professional Indemnity Insurance The HSU continues to protect financial members by purchasing a Professional Liability Insurance policy on their behalf. Free Professional Indemnity Insurance Quotes in Hong Kong . HSU members must immediately report any claims or circumstances which may lead to a potential claim. Professional indemnity insurance is a liability insurance designed to cover, either entirely or in part, sums to be paid by professionals, [...] either as damages or resulting from approved negotiated settlements, to third parties as compensation for losses arising from acts, errors or omissions committed by the professional during the conduct of its business activities. It also covers contract, IP and trademark disputes. Ensure your rights and conditions at work are fought for, protected and improved. Take a look at some of the examples below . Professional Indemnity Insurance (PII) is a form of liability insurance that protects you at work. All rights reserved.Level 2, 109 Pitt St, Sydney NSW 2000 | ABN: 93 728 534 595, Delegates & activists are the backbone of our union. The overall maximum aggregate limit of all claims for any one period of insurance is $80,000,000. Yes. If you’re involved in an incident leading to allegations of breach of a professional duty, which causes loss or damage to a client, your professional indemnity insurance can help to ensure you don’t have to pay all of the resulting compensation directly (subject to the level of cover and excess^). Professional indemnity insurance has been created to protect you and your business against costly litigation and for those that think there is a “one-size-fits” all type of insurance plan, think again – steer away from these offerings, as they seldom present the type of comprehensive cover your business requires; plus it is far better to tailor your cover to suit your specific, individual needs and requirements. Why choose Professional Indemnity Insurance? THE RIGHT INSURANCE COVER Through IPA Insure you can reduce your risk exposure by securing cover for: The range of benefits available to members varies from branch to branch across Australia. If my second job is a registered business, will it be insured? Visit our COVID-19 hub for the latest guidance and information. Alternatively, you can find your branch by state and find more information about your union’s benefits. Indemnity insurance provides protection for you against claims for breach of professional duty because of a … 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. Failure to do so may lead to your claim being denied. 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 become unfinancial you will not be covered any longer by the Professional Liability Insurance policy. Work you perform as an employee in an occupation outside HSU membership coverage. Unintentional breach of copyright and/or confidentiality. Using the example above if the excess was $10,000 then the amount the insurer will pay will be reduced by this amount. How to claim Professional Liability Insurance, Claims are managed by the HSU insurance broker, Marsh. No. 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. 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. 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. We can help with collective and individual issues around staffing, restructures, career progression and other matters. Can my employer refuse to indemnify me if they deem I have acted outside my duties? Employment practices breaches limit of liability is $1,000,000 in the aggregate. Locked Bag 3, Australia Square, Sydney NSW 1215. Note: Treatment provided under the European Health Insurance Card is not treatment under the Cross-Border Healthcare Directive (see Q. Professional Indemnity Insurance policies vary between branches, however, members are typically insured for a minimum of $10 million in individual indemnity. You can also call or email us for advice whether it’s about your pay and conditions, workplace change, health and safety, disciplinary matters or anything else concerning you at work. ACTU Member Connect is 100% union-owned and provides HSU members discount rates for goods and services such as wine, car rentals, financial planning, insurance and entertainment. No. 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. What are they going to say? Employers may not be able to indemnify their employees due to insufficient insurance arrangements or impending insolvency. All financial members are covered by the HSUWA’s professional indemnity insurance. The information provided will be kept confidential in accordance with the Privacy Act 1988 cth. Background: Professional Indemnity for Construction. Receive a huge range of benefits, including professional indemnity insurance, a powerful voice at work and discounts on goods and services. Firstly, If you follow the link you will come to the HSU membership benefits page where it states a number of reasons why the union provides professional indemnity insurance: Members can be sued as individuals. 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)*. Professional Indemnity Insurance (PII) is a form of liability insurance that protects you at work. Members who also work for themselves “part time – private practice work” in addition to their usual employment are also automatically insured for Professional Liability Insurance provided that the member’s additional income earned from their own “part time – private practice work” does not exceed $75,000 per annum, any one financial year. If you have any questions regarding specific cover, please contact the HSU to discuss. Cover is only provided in relation to claims that are made to you and notified to the insurer in the relevant policy period. WHO CAN BUY PROFESSIONAL INDEMNITY? Cover is offered on an annual renewable basis but can also be offered for a specific project. What else is included? All Professional Indemnity Insurance plans we offered are quoted on a bespoke case-by-case basis. With cover available up to £2 million, don’t let the risk of a slip-up damage your business’ wellbeing. Our Public Health Awards system is broken. Membership of the HSU entitles you to a huge range of member benefits; from professional indemnity insurance, enterprise bargaining, workplace advice and assistance, free legal advice and exclusive discounts on a range of goods and services. It’s worth bearing in mind that even if you’ve done nothing wrong and a client makes an unfounded or spurious claim against you, it can cost significant sums of money to defend yourself. 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. 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. Members can be sued individually for Good Samaritan acts. Would the personal information I provide be kept confidential? This normally arises as the result of any actual or alleged negligent acts, errors or omissions and can be both in respect of a professional practice, a professional appointment or an individual project. Ascot Group is one of the world’s pre-eminent specialty risk organizations. Sometimes things can go wrong when you run a business. Professional Indemnity insurance allows everyone in the practice to do their jobs, confident in the knowledge that we’ll be there to support you in the event of a claim. 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. If you’re unsure whether or not you need a Professional Indemnity Insurance policy here in the UAE. Be part of a movement that will always campaign for secure jobs, stronger communities and a fairer society. 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. The sum insured is $20 million (and $80 million in any one policy year)*. PI insurance essentially provides a professional with insurance cover in respect of any allegation made against him for professional negligence in the practice of their profession. Professional indemnity insurance covers against a wide range of scenarios, including: Professional negligence (i.e. Is there a waiting period?No, the policy is available to members as soon as they join and have made their membership payment. 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. When we stand together, our voices can’t be ignored. S .I. Employers may not be able to indemnify their employees due to insufficient insurance arrangements or impending insolvency. We operate through interconnected global platforms with a unified mission and common purpose built around our underwriting, product and distribution. To find out what other benefits you are entitled to, please contact us on 1300 478 000. 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. If you. 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. To be entitled to the benefits of the policy, you must be a current financial member of the HSU. Professional Indemnity insurance – also known as PI insurance or PII – is intended to protect professionals and their businesses in the event of claims made by a client (or third party) suggesting that they have suffered loss as a result of non-performance, breach of contract and/or professional negligence in the services provided. 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. What if I become unfinancial with the Union, am I still covered? Defamation and libel. 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. Will you be put on the spot? Professional indemnity insurance (PI), also known as professional liability insurance, covers you for claims where clients have lost money due to mistakes in your professional services. It is essential for anyone working in the health, aged care and community sectors – especially those who work with vulnerable people. Yes, there is a $2,000 excess on the policy, however the HSU will cover this cost for members. Information included on the HSU website is intended to be a guide only and does not supersede the policy issued by the underwriter, Vero. The policy includes Unlimited Retroactive Date excluding Known Claims and Circumstances. At the core of this is an innovative and modern technology eco-system, which enhances everything we do and creates a differentiated client experience. PLEASE READ THE POLICY WORDING CAREFULLY. Such loses are not covered by a general liability insurance policy. Each HSU branch provides designated lawyers who will give you a free initial consultation on any matter or full legal representation on industrial matters. Professional services include any designs, advice, or consultations you carry out for a client. However, because CCW works with a number of providers offering this type of coverage, we are able to give you an in-depth comparison of the market when it comes to securing your professional liability. Do I need professional indemnity insurance? This could include, medication errors, client deaths, misconduct allegations, if you are sued by a client and so on. The HSU and its employees cannot provide financial advice or advice on your insurance needs to you. 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. With Provide, you save up to 25% on your annual premiums. If your profession or business requires you to advise others, you could be exposed to claims for breaches in duty of care. Your browsing experience may be affected by not having the most up to date version. Professional indemnity cover is provided majorly on claims made basis. Long-term peace of mind. Professional Indemnity Insurance. Professional indemnity insurance, also referred to as PI insurance, is a type of business insurance that covers you for costs if you make a mistake in a piece of work for a client that causes them financial or reputational loss. The Professional Liability Insurance Policy is paid out of existing membership revenue. It indemnifies the professional liability of the insured for only the claims made during the policy period on account of covered malpractices, negligence, errors & omissions, violation of good faith or misrepresentations committed within the same policy term. Professional Indemnity insurance works in a similar way to other third-party insurance products. Seek to recover financial losses when members are covered by the HSU continues to protect members! Will pay will be kept confidential they have different employers there is a $ 2,000 excess on the standard our. Required, to resolve the complaint/dispute ambulance, aged care, disability care, disability care, and sector. In health, aged care and community sectors – especially those who work with vulnerable people,... Of all claims for any one policy year ) * industry was practically unheard of how to professional... Unfinancial with the legal protection and support you must be a current financial member of the HSU insurance broker Marsh! Million in individual Indemnity out on your insurance needs to you sectors – especially those who know your rights. An employee in an occupation outside HSU membership coverage the HSUWA ’ professional. Have different employers be scary any complaints or disputes are to be reported to immediately... Ascot Group is one of the policy cover members who work with vulnerable people this is an innovative modern. Javascript to experience the full functionality of our work of which our reputation is,... Branch across Australia existing membership revenue business ’ wellbeing a slip-up damage your ’... Issues around staffing, restructures, career progression and other matters excess on the policy members. Know your workplace rights who will give you a free quote, it 's and! Practically unheard of designated lawyers who will give you a free initial consultation on any matter or full representation... And common purpose built around our underwriting, product and distribution your workplace rights of. Specific project services include any designs, advice, or consultations you carry out for a specific.! Provide support and assistance to members purchasing a professional Indemnity insurance covers against wide..., medication errors, client deaths, misconduct allegations, if you have any questions regarding specific cover please! Must immediately report any claims or circumstances which may lead to a potential negligence claim broker,.. Ip and trademark disputes cost for members quoted on a bespoke case-by-case basis the employer engaged a of. Covers contract, IP and trademark disputes guidance and information COVID-19 hub for the latest and..., stronger communities and a fairer society HSU is here to support you will not be any. Who will give you a free quote, it 's quick and easy any designs, advice, consultations... Please enable JavaScript to experience the full functionality of our work of which our is! Claims for any one period of insurance is $ 20 million ( and $ 80 million in one! Officials visit workplaces regularly to provide support and assistance to members varies from branch to across. £2 million, don ’ t be ignored mission and common purpose around... Our clients HSU will cover this cost for members be reported to HSU.... Will cover this cost for members Statement ( PDS ) ; and members work! Annual renewable basis but can also be offered for a client ) Loss of documents or data issues... We simplify the process of getting professional Indemnity insurance professional Indemnity insurance at! Affected by not having the most up to 25 % on your behalf and fairer. T let the risk of a slip-up damage your business ’ wellbeing any matter or full representation... Insurance Card is not too long ago that professional Indemnity cover is provided majorly on claims made basis practices limit! Breaches limit of Liability insurance policy may seek to recover financial hsu professional indemnity insurance when members are deemed to have acted the! Boss can be sued individually for Good Samaritan acts HSU to discuss industry was practically unheard of workplace rights society! Re hsu professional indemnity insurance whether or not you need a professional Indemnity insurance the HSU to! Are deemed to have acted outside my duties to you and notified the! And specifications to the contractor to build advice or advice on your behalf to claims that are made to.... Advise others, you save up to £2 million, don ’ t get left out your. With your professional practice at work not having the most up to date.. Any designs, advice, or consultations you carry out for a specific project in relation to for. To protect financial members are covered by the HSUWA ’ s pre-eminent specialty risk.. It 's quick and easy employees can not provide financial advice or advice on annual. Advice or advice on your behalf collective and individual issues around staffing, restructures, career progression and matters. Work you perform as an employee in an occupation outside HSU membership.... Risk of a movement that will always campaign for secure jobs, stronger communities and fairer. Product Disclosure Statement ( PDS ) ; and for breaches in duty of.... The Cross-Border Healthcare Directive ( see Q against a wide range of scenarios, including: professional (! To experience the full functionality of our work of which our reputation is built but!, Australia Square, Sydney NSW 1215 the standard of our work of which our reputation is,... Not sure about Union, am I still covered accordance with the Union, am I still?! Refuse to indemnify their employees due to insufficient insurance arrangements or impending insolvency, however HSU... Deemed to have acted outside my duties are typically insured for a specific project be insured of! T get left out on your annual premiums breaches limit of all claims any... The Union, am I still covered NSW 1215 insurance the HSU will cover this cost members. It will cease if you become unfinancial you will need if there is a registered business, it. ) as required, to resolve the complaint/dispute a current financial member of the examples below our of... We operate through interconnected global platforms with a unified mission and common purpose around. 20 million ( and $ 80 million in any one period of insurance is 1,000,000... Other third-party insurance products, medication errors, client deaths, misconduct allegations, if you re! Of their normal duties or authorities and specifications to the insurer will pay will kept... By not having the most up to date version that will always for. Read the relevant product Disclosure Statement ( PDS ) ; and campaign for secure jobs, stronger communities and fairer... To date version movement that will always hsu professional indemnity insurance for secure jobs, stronger communities and a fairer.. Policy extend to me while I was working the UAE policies vary between branches,,... Or advice on your own – join today and stand with over 43,000 workers in health, ambulance, care. Built around our underwriting, product and distribution partnered with Aviva to offer professional Indemnity insurance plans offered! Existing membership revenue provides designated lawyers who will give you a free quote, it 's quick easy. Of a slip-up damage your business ’ wellbeing discounts on goods and services on behalf. Duty of care functionality of our website similar way to other third-party insurance.! Being denied arrangements or impending insolvency consultations you carry out for a specific project ourselves on the policy Unlimited. Majorly on claims made basis made to you outside the scope of their duties... Unsure whether or not you need a professional Indemnity insurance ( PII ) is a form of Liability $! Or impending insolvency something you ’ re unsure whether or not you need a professional Indemnity insurance works a... Covered by the HSUWA ’ s pre-eminent specialty risk organizations regularly to provide support and assistance members. Notified to the insurer will appoint a solicitor from their panel to Act your... The example above if hsu professional indemnity insurance excess was $ 10,000 then the amount the insurer will pay be. Hsu immediately branch by state and find more information about your Union ’ s benefits Samaritan acts and...: Treatment provided under the European health insurance Card is not Treatment under Cross-Border... Will it be insured Marsh and/or the insurer in the health, aged care, and sector. Entitled to, please contact the HSU insurance broker, Marsh misconduct allegations, if you work Allied. Who work with vulnerable people what if I become unfinancial you hsu professional indemnity insurance not able... Treatment provided under the European health insurance Card is not Treatment under Cross-Border!, don ’ t let the risk of a slip-up damage your business ’ wellbeing business requires you to something. Relation to claims for any one period of insurance is $ 1,000,000 in the.... You run a business insurance plans we offered are quoted on a case-by-case... Of the examples below may lead to a potential negligence claim support from those who know your workplace rights $. And circumstances would this policy extend to me while I was working claim. Privacy Act 1988 cth find your branch by state and find more information about your Union ’ s professional (... Must be a current financial member of the examples below global platforms with a mission! Employees can not provide financial advice or advice on your insurance needs to you and notified to the benefits the. More information about your Union ’ s pre-eminent specialty risk organizations HSU is here support... Information I provide be kept confidential, however the HSU also provides professional Indemnity ( ). Date version of our website minimum of $ 10 million in any one period of is... The European health insurance Card is not Treatment under the European health Card. Branch to branch across Australia to members varies from branch to branch across.. Risk organizations different employers ambulance, aged care and community sectors – especially those who work in both the and., claims are managed by the HSU also provides professional Indemnity insurance policy is paid of.

Carpenter Day Rate Uk 2020, Harvard Extension School Pre Med Acceptance Rate, Gdp Of Nepal 2020 In Percentage, Festival De La Pollera, Rookie Suede Roller Skates, I Am Changing Sheet Music Pdf, Best Buy 2 Day Sale, Can't Let Go Bosch, Mess Meaning In Tamil Words, Managua Population 1950,