Information included on the HSU website is intended to be a guide only and does not supersede the policy issued by the underwriter, Vero. All financial members are covered by the HSUWA’s professional indemnity insurance. Free Professional Indemnity Insurance Quotes in Hong Kong . If my second job is a registered business, will it be insured? With cover available up to £2 million, don’t let the risk of a slip-up damage your business’ wellbeing. The overall maximum aggregate limit of all claims for any one period of insurance is $80,000,000. Employment practices breaches limit of liability is $1,000,000 in the aggregate. Long-term peace of mind. Who needs Professional Indemnity in the UAE? With Provide, you save up to 25% on your annual premiums. It is essential for anyone working in the health, aged care and community sectors – especially those who work with vulnerable people. 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. Seek independent financial or insurance advice where necessary. Would the personal information I provide be kept confidential? Can my employer refuse to indemnify me if they deem I have acted outside my duties? The HSU continues to protect financial members by purchasing a Professional Liability Insurance policy on their behalf. 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. Ensure your rights and conditions at work are fought for, protected and improved. Note: Treatment provided under the European Health Insurance Card is not treatment under the Cross-Border Healthcare Directive (see Q. 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. Do I need professional indemnity insurance? 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. What are they going to say? HSU members must immediately report any claims or circumstances which may lead to a potential claim. Members can be sued individually for Good Samaritan acts. Information included on the HSU website is intended to be a guide only and does not supersede the policy issued by the underwriter, Vero. At the core of this is an innovative and modern technology eco-system, which enhances everything we do and creates a differentiated client experience. 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. Professional Indemnity Insurance Ireland. Will this policy pay my legal defense expenses? 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. Alternatively, you can find your branch by state and find more information about your union’s benefits. 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. To be entitled to the benefits of the policy, you must be a current financial member of the HSU. If you. The insurer will appoint a solicitor from their panel to act on your behalf. Why you need professional indemnity insurance. Take a look at some of the examples below . The HSU and its employees cannot provide financial advice or advice on your insurance needs to you. Be part of a movement that will always campaign for secure jobs, stronger communities and a fairer society. 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. 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. Visit our COVID-19 hub for the latest guidance and information. Known circumstances of existing claims against members. Such loses are not covered by a general liability insurance policy. Professional Indemnity Insurance (PII) is a form of liability insurance that protects you at work. The Professional Liability Insurance Policy is paid out of existing membership revenue. 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. Getting called into a meeting with the boss can be scary. © 2021 HSU New South Wales Branch. 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. 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. We operate through interconnected global platforms with a unified mission and common purpose built around our underwriting, product and distribution. What if I become unfinancial with the Union, am I still covered? 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. 8). Is there a waiting period?No, the policy is available to members as soon as they join and have made their membership payment. We will engage Marsh and/or the insurer (Vero) as required, to resolve the complaint/dispute. The policy includes Unlimited Retroactive Date excluding Known Claims and Circumstances. Professional Indemnity Insurance The HSU continues to protect financial members by purchasing a Professional Liability Insurance policy on their behalf. All Professional Indemnity Insurance plans we offered are quoted on a bespoke case-by-case basis. That’s because our digital operating model creates lower overheads, and we pass every dollar saved back to our clients. How to claim Professional Liability Insurance, Claims are managed by the HSU insurance broker, Marsh. We can help with collective and individual issues around staffing, restructures, career progression and other matters. Work you perform as an employee in an occupation outside HSU membership coverage. S .I. Failure to do so may lead to your claim being denied. Sometimes things can go wrong when you run a business. Cover is offered on an annual renewable basis but can also be offered for a specific project. Professional Indemnity Insurance - At Zensurance we simplify the process of getting professional indemnity insurance. Get representation and support from those who know your workplace rights. 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. 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. When we stand together, our voices can’t be ignored. Professional Indemnity Insurance. 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. No. Will you be put on the spot? 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^). Employers may seek to recover financial losses when members are deemed to have acted outside the scope of their normal duties or authorities. Don’t get left out on your own – join today! If you’re unsure whether or not you need a Professional Indemnity Insurance policy here in the UAE. Receive a huge range of benefits, including professional indemnity insurance, a powerful voice at work and discounts on goods and services. Background: Professional Indemnity for Construction. THE RIGHT INSURANCE COVER Through IPA Insure you can reduce your risk exposure by securing cover for: 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. Yes. Indemnity insurance provides protection for you against claims for breach of professional duty because of a … Why choose Professional Indemnity Insurance? 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. WHO CAN BUY PROFESSIONAL INDEMNITY? 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. Why has insurance been provided for HSU Members? All rights reserved.Level 2, 109 Pitt St, Sydney NSW 2000 | ABN: 93 728 534 595, Delegates & activists are the backbone of our union. If you have an ongoing claim it will cease if you become unfinancial. 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. Our Public Health Awards system is broken. Please enable JavaScript to experience the full functionality of our website. What if they ask you to sign something you’re not sure about? The sum insured is $20 million (and $80 million in any one policy year)*. Unintentional breach of copyright and/or confidentiality. Professional Indemnity insurance works in a similar way to other third-party insurance products. In those days, the employer engaged a team of professional designers and presented the plans and specifications to the contractor to build. HSU officials visit workplaces regularly to provide support and assistance to members. PII … Join today and stand with over 43,000 workers in health, ambulance, aged care, disability care, and private health! Locked Bag 3, Australia Square, Sydney NSW 1215. All financial members are covered by the HSUWA’s professional indemnity insurance. PLEASE READ THE POLICY WORDING CAREFULLY. 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. 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. Please visit Microsoft to upgrade to MS Edge. 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. 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. It also covers contract, IP and trademark disputes. Defamation and libel. Professional indemnity insurance covers against a wide range of scenarios, including: Professional negligence (i.e. The information provided will be kept confidential in accordance with the Privacy Act 1988 cth. 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 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. The range of benefits available to members varies from branch to branch across Australia. 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. Protect healthcare heroes with paid pandemic leave, COVID-19: Support the Disability Sector Now, Suite 46, Level 1, 255 Drummond Street Carlton VIC 3053. 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