Professional Indemnity Cover

What does the Policy Cover?

• A financial members legal liability for third party financial losses arising from the teaching of the members insured performing activities as specified in their Insurance certificate

Who is the Insurer?

• The insurer of this product is DUAL Australia Pty Ltd on behalf of Allianz Insurance Limited

Who is Insured?

• The Professional Indemnity policy is offered to all Duck Individual Members who teach their approved performing activities as specified in their Certificate of Currency.

What is the Sum Insured?

• The policy limit is $10,000,000 any occurrence and $20,000,000 in the aggregate (shared by all members) during the period of insurance. This sum insured is the requirement of some government schools engaging contractors.

What is the Policy Excess?

• $500 inclusive of defence costs by the insured for each claim

What are the Territorial Limits?

• Anywhere in the world subject to the Jurisdictional Limit of the policy being restricted to Australia and New Zealand.

What is Excluded by the policy?

The below provides a summary of the key exclusions or policy limitations. Please refer to the policy wording for full details of all relevant exclusions

• You are not covered for any business activity other than teaching the performing activities listed in your insurance certificate.
• No cover for claims relating to Third Party Bodily Injury and Property Damage (Refer Public & Products Liability for this cover)
• No cover for assumed liability.
• No cover for deliberate acts.
• The policy does not cover acts, errors or omissions allegedly committed prior to the start date of the specific members cover under this policy. 

For further detail on the Professional Indemnity policy, please refer to the Policy Wording and Schedule located in The Official Bits.

View the rate here.