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Features of the Professional Indemnity insurance
The Policy offers the following standard Extensions and Benefits:
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Acquired Subsidiaries and/or Related Entities
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Fraud & Dishonesty
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Bodily Injury & Property Damage
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Intellectual Property
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Civil Penalties
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Innocent Insureds (Severability and Non-Imputation)
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Consultants, Sub-Contractors and Agents
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Out Going Principles
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Continuous Cover Period
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Previous Business
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Credit Ombudsman Services
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Trade Practices Act
- Defamation
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Representation costs and inquiries (sub-limit of $100,000)
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Estates & Legal Representatives
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Fidelity (sub-limit of $500,000)
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Loss of Documents
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Joint Venture (joint and several liability)
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Unlimited Automatic Reinstatement of the Limit of Indemnity
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Worldwide Territorial/Jurisdictional Limits
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No Part 4A exclusion
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Independent claims management
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Run off cover for Sole Practitioners
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Run off cover for Insolvency Practitioners
Compare these features with the cover offered by other Insurers.
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Concession for approved risk management
- nil excess if one of the following risk management templates is used:
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Business Fitness
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Audit Flow
- premiums may also be discounted where templates are used & CPA Australia's QA audits have recently been implemented.
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