Insurance solutions
Professional Risk Insurance
Protecting your business and leadership team from professional and management risks is critical in today’s complex environment.
Overview
Our comprehensive range of risk insurance solutions cover areas such as Management Liability, Directors & Officers, Professional Indemnity, Cyber & Technology, and Medical Malpractice insurances.
Our risk insurance policies are designed to safeguard your organisation against legal claims, regulatory breaches, errors and omissions, data breaches, and other exposures – helping you manage risk, protect your reputation, and maintain confidence in your operations.
With expert guidance from experienced brokers, businesses of all sizes benefit from strategic advice, proactive renewal management, and streamlined claims processes to reduce risk and keep operations running smoothly.
What we can arrange
- Management Liability Insurance
- Professional Indemnity Insurance
- Directors & Officers (D&O) Insurance
- Cyber & Technology Liability Insurance
- Medical Malpractice & Healthcare Insurance
Cover
What we can arrange.
Management Liability Insurance
Unexpected claims can be financially devastating for any business. Management Liability Insurance helps protect both the company and the personal assets of its directors (such as the family home) by covering the significant costs associated with legal defence, investigations, and potential payouts.
Management Liability Insurance protects businesses and their directors, managers, and employees against the financial impact of claims arising from their decisions and actions in running the company. It covers the cost of defending claims, as well as potential compensation and penalties.
This policy is suitable for businesses in a wide range of industries and can help to manage wrongful dismissal, bullying, misrepresentation, employee dishonesty and the legal costs to defend claims even when allegations may be unfounded.
Professional Indemnity Insurance
If your actions, or failure to act, result in a financial loss for a third party, Professional Indemnity Insurance can respond by covering both compensation and legal defence costs. Policies may also include additional benefits such as cover for loss or damage to documents, defamation, and certain fines and penalties.
Professional Indemnity Insurance provides protection for individuals and businesses that deliver professional services or advice – such as architects, builders, engineers, or even web designers, by covering legal costs and claims arising from acts, omissions, or breaches of professional duty. This can include anything from incorrect advice to design errors.
Directors & Officers (D&O) Insurance
Directors & Officers Insurance is a standalone liability insurance policy that protects company directors and officers against claims arising from wrongful acts in managing the business, which may result in personal liability for compensation.
Over time, standalone Directors & Officers (D&O) policies have largely been replaced by Management Liability Insurance, which combines a D&O component with other key protections. While standalone D&O cover may still suit larger organisations needing higher limits or specialised terms, Management Liability insurance policies typically provide sufficient protection for most small to medium-sized businesses.
Importantly, D&O insurance can cover past, present, and future directors and officers of a company (and its subsidiaries) for decisions and actions taken in the course of running the business.
Cyber & Technology Liability Insurance
Cyber & Technology Liability Insurance helps protect your business from the financial and reputational impact of cyber attacks and data breaches. It covers business interruption, cyber extortion, electronic data recovery, and security or privacy liabilities, including loss of third party data.
The policy also provides support for defence costs, regulatory investigations, electronic media claims, crisis management, and notification or monitoring expenses to protect affected clients.
In today’s digital world, any business with online systems or electronic records is vulnerable to cyber threats. Beyond financial loss, attacks can compromise intellectual property, expose sensitive customer information, and damage your reputation. This liability insurance ensures your business is prepared, giving you peace of mind to operate securely and confidently.
Medical Malpractice & Healthcare Insurance
Medical Malpractice & Healthcare Insurance is a specialised form of Professional Indemnity insurance designed for healthcare professionals and organisations. It protects against financial loss arising from negligence, errors, or omissions when providing care or advice to patients.
This essential cover is tailored for any business delivering health or medical services, including medical centres, hospitals, beauty clinics, physiotherapists, diagnostic clinics, dentists, and NDIS service providers. It safeguards your practice, staff, and reputation, ensuring you can focus on providing care with confidence.
Claims
Proactive claims management.
With our dedicated in-house claims team, you’ll never be left waiting on hold or passed from person to person. Instead, you’ll speak directly with a real, trusted insurance advisor who knows you and understands your business. As experienced business insurance brokers, we take the stress out of dealing with insurers by managing all the back-and-forth on your behalf.
We’ll walk you through your policy in plain language, ensuring you understand exactly what’s covered and where you’re protected. When it comes time to make a claim, we make the process quick, smooth, and focused on your best interests – that’s the real value of working with professional business insurance brokers.
FAQs
Frequently asked questions
Does Management Liability Insurance cover employee related claims like unfair dismissal?
Yes. This cover will respond to claims of employment breaches, such as wrongful dismissal, bullying or discrimination.
How much Management Liability Insurance cover do I need?
This is dependent on the size of the business and risk exposure, but limits start at $500,000 and can go all the way up to $20 million.
Is Professional Indemnity insurance mandatory in my industry?
Whilst not legally required, it is generally compulsory for some professions and/or regulated industries in order to practice.
How long do I need to keep Professional Indemnity insurance cover after finishing a job?
It is recommended you have run-off cover for a minimum of 7 years after completing a job or closing your business. This limit may also depend on any contractual requirements you have agreed to or any industry standards applicable to your particular industry.
Does Cyber & Technology Liability Insurance cover ransomware and hacking incidents?
Yes it does. Up to the limit specified on your policy and subject to any terms and conditions contained in the policy wording.
Do I need Cyber & Technology Liability Insurance if I outsource my IT?
Yes. Your customers will hold your business accountable first for any cyber breaches. Even if your IT is outsourced, you can still be held liable. You are still responsible for ensuring data is secure and complies to regulatory requirements.
Is Medical Malpractice Insurance mandatory for my profession in Australia?
Yes, it is mandatory for all registered health practitioners, including doctors, nurses, and allied health professionals to have Medical Malpractice/Professional Indemnity Insurance in order to practice and maintain registration.
Does Medical Malpractice Insurance cover telehealth services?
Yes
Am I covered by Medical Malpractice Insurance if I work in multiple clinics or locations?
Provided your full occupations/services have been disclosed to your insurer, your policy will cover you whilst working at multiple clinics and locations.
More cover
Other insurance solutions
Business Insurance
Tailored business insurance, backed by the Steadfast network and over 35 years of broking experience.
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Commercial Risks
Cover built around how your business actually operates, from property and liability to business interruption.
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Property Risks
Buildings, contents, plant and equipment, protected against damage, theft and loss of income.
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Marine Risks
Cover for vessel operators, marine cargo, hull and transit cover for goods moving by sea.
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Lifestyle Insurance
Home, motor, boat and landlord cover, arranged with the same rigour as your business insurance.
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Emerging Risks & Industries
Cover for new and fast-moving sectors where tailored cover is a necessity.
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Chat with a broker
We’re always looking out for your best interests. With our in-depth knowledge of Australian and international insurance markets, we provide valuable business insurance advice on identifying risks and exposures so you can rest assured that your future is protected.