We are pleased to confirm that we have rolled out an ABC member specific Professional Indemnity, Public Liability and Statutory Liability scheme which commenced 1 September 2025.
The policy covers and wordings have been designed and drafted specifically for ABC members to address the specific risks that IQP’s have.
The insurance comes with ABC Member discounted premiums and several enhancements:
Professional Indemnity (PI) cover:
Several enhancements have been negotiated, but the main ones are:
Fines and Penalties – this is normally excluded under PI policies. The ABC PI policy provides cover for this up to $50,000 per claim and $100,000 in the annual aggregate. This is very important especially in light of the fines/penalties that could be issued by the Council.
The policy provides for an additional reinstatement of cover. Normally policies have one reinstatement – yours will have two. That means that if you have a limit of $500k per claim – you could have 3 claims in the year of $500k each, rather than two.
The policy provides cover of $100,000 in respect of Public Relations Expenses. In the event of a claim this is very important to ensure that you have the right advice following a major incident where the media is all over it. This will help to provide best response to protect your reputation as much as possible.
Public Liability cover:
Extends to provide cover for Business Advice or Service. This is normally excluded.
Fines and Penalties cover of $50,000 any one claim and $100,000 in the annual aggregate. This is normally excluded.
Higher sub-limits relating to Care, Custody and Control and Lost or Stolen keys.
The above will be at substantially reduced rates.
We can also provide cover in relation to Management Liability , i.e. Directors and Officers, Material Damage and Business Interruption, and Vehicle insurance.
We are currently building out a scheme on this, however have arranged discounted rates for you on these items too.
Next Steps / Process
- We are ready to roll out this offer with immediate effect.
- Attached please find a copy of our health check document, this details what documentation we require to assist.
I have also updated the presentation for our road shows. At the roadshows we will present on this but also the value of the cover for fines and penalties and the business advice extension.
For more information click here or visit Howden or contact Rene Hattingh rene.hattingh@howdengroup.com.
