Professional Risk Underwriting Pty Ltd (ProRisk) are pleased to announce the launch of a new Professional Indemnity Insurance Policy on ProBind, www.probind.com.au our flexible and fast broker portal.

ProRisk’s Professional Indemnity Insurance Policy is for organisations domiciled in Australia with a maximum of 500 employees and up to $25m in turnover. It is suitable for a broad range of industries from Accountants to Zoologists. The new product is available for 506 professional occupations all in all. Just some examples of professionals covered include consultants, management consultants, event consultants, media, celebrants, security, accountants, real estate, design, architects, engineers, environmental & agricultural consultants, science, education & training and legal.

Backed by the security of Swiss Re Corporate Solutions, ProRisk’s Professional Indemnity Policy is competitively priced and has several benefits including a broad appetite, civil liability language, up to one-hour free legal advice, choice of limit and excess, access to the ProRisk Whistleblower Hotline service as well as ProRisk’s Contract Review Service.

“In 2003, ProRisk was founded and our very first product was Professional Indemnity Insurance. It’s the product that we’re best known for and throughout our history we’ve underwritten this class profitably and been able to provide stable returns to capacity providers at competitive prices to our policyholders. With PI now on ProBind, the flexibility it offers including the support available from our helpful underwriters (if required), combined with our award-winning claims service we feel makes ProRisk the go to market for Professional Indemnity Insurance,” says Hamish McDonald Nye, ProRisk’s Executive Director.

“I’m really excited about this new product and what we’ve been able to bring together” says Jaydon Buke-Douglas, ProRisk’s Head of Operations & General Counsel. “Our new Professional Indemnity product is the newest edition to the ProBind system. Brokers will now be able to get a quote in real time and bind online in under 2 minutes. At the same time, they can get quotes for Management Liability and Cyber”, he says. “Redefining the way we trade with and service our broking partners is what we are doing to set us apart from the competition.”

We will be running training webinars on our new Professional Indemnity Insurance Product over the next few months, so that brokers can understand the details of the policy. You can visit our Education Hub to register.