National Corporate Broking

Looking for the best public liability insurance?

If yes, then you have reached your destination. The National Corporate Broking will serve you with all the insurance solutions. At the NCB, we have insurance coverage and efficiency that you can rely on. We have a team of highly trained brokers in Parramatta who are ready to help you out.

Why choose NCB for public liability insurance in Parramatta?

NCB is dedicated to making life simpler for small and medium-sized business owners with insurance that is easy to recognise, purchase and maintain. If you are a small business owner, your work is anything but small, so it helps to have an expert on your side when it comes to protecting your business with the right cover.

You can compare the covers and make an online policy in just a few clicks. But if you need support, our friendly team of brokers is a phone call away, so you can be sure that you’re making a better decision for yourself and your company.

Is public liability insurance mandatory?

Public Liability Insurance could be a mandatory requirement before licences for some trades are issued. It is one of the most basic insurance products required by companies. In our view, if your job communicates with members of the public in some way, or if you have a physical business place where public members can participate, then public liability insurance is strongly recommended.

Who may not need public liability insurance?

If you work from home and only do your work remotely (without any direct contact with public members), you may not need public liability insurance.

Business insurance in Parramatta

What are the risks of having no insurance for your business?

Starting and running a company is often risky, so not getting insurance is one of the risks you shouldn’t take. Not only does having adequate business insurance help alleviate some common risks that many companies face, but some forms of insurance also are often mandatory in Australia and often differ depending on the form of business and state licencing requirements. This includes the following:

• Compensation for workers: mandatory if you have employees
• Compulsory third party

Apart from the mandatory provisions, there are several other reasons for which business insurance will protect you. This includes the following:

• Theft: Whether it’s from consumers or staff, theft will cost you a lot of money.
• Negligence: This may be due to poor procedures, wrong guidance, or defective goods.
• Business interruptions: from power outages, maintenance, or natural disasters

The effect of these risks can put a major financial burden on your company, which may potentially lead to a reduction in earnings, a loss of revenue, a loss of business, or even might be a legal case against you. No company owner wants to be called to court, but it’s much worse if you don’t have financial protection to cover you from lawsuits for damages. At the end of the day, when you run a company, you should always do your due diligence, and part of that means finding acceptable types of insurance to cover your properties, profits, and employees.

Why should you hire us?

The protection of your company and properties is a key concern. The experts at the National Corporate Broking understand this essential element of commercial activity better than anyone else, and we will work flawlessly to develop cost-effective insurance and risk management products and services to ensure full business protection.

No matter your company, budget, lifestyle, or priorities, our team understands business evaluation, and we provide customised services to protect you from financial disasters.

On top of quality goods and friendly service, we also give free quotes and an after-hour service. Get in touch to address all your business needs.

Call us today – 0247217737

Professional indemnity insurance protects businesses and individuals who provide professional services to clients against legal costs and claims for damages that may arise from an act, omission, or breach of duty in the course of their business.

Professional indemnity insurance in Sydney is designed for professionals who provide advice or service to their clients. If the client alleges that you have made a mistake, that you have overlooked a critical piece of information, that you have missed a fact, or that the client has misinterpreted you in the course of your work, and that results in a financial loss for them, they may take legal action against you to recover those losses. Whether or not the accusation is valid, professional insurance is intended to protect both your finances and reputation.

About National Corporate Broking
Our service’s standard focuses on our well-trained, professional staff and our serious, attentive attitude towards our clients. Each of our Customer Service Representatives is a licenced insurance broker and we continue our training to try and respond to the latest trends, coverage, and techniques. We are engaged in our communities and we have deliberately organised ourselves to give our clients the most flexibility to do so.

You can fully depend on NCB insurance solutions. Why? Here’s your answer

•         Business insurance brokers
•         Business insurance
•         Commercial insurance
•         Industrial insurance
•         Liability programs
•         Plant and machinery equipment insurance
•         Film and television equipment insurance
•         Transport insurance
•         Trade insurance
•         Strata insurance
•         Risk management advice
•         Claims administration
•         And much more.

What does professional indemnity insurance cover?
Civil liability claim: Infringement of duties, unintentional defamation, unintentional infringement of intellectual property, loss of or harm to documents.

Body injury and property loss claim: Arising from the specialist services covered by the policy.

Legal Costs and expenses: Costs of investigation, attendance at the court, defence, and resolution of lawsuits.

Public relation expenses: Costs to hire a public relations consultant to defend your image.

Estate and legal representatives: In the event of your death or incapacity, we protect your properties, heirs, and legal representatives for claims arising out of the professional services rendered.

Anyone may make a mistake, but the loss can be financially devastating if the company is found to be responsible for negligence. Not only can this lead to a costly lawsuit, but the hard-earned credibility of your company can be destroyed as a result.

That’s why professional insurance benefits help protect your assets and brand if your advice leads a customer to take legal action against you.

A claim for professional indemnity may result from:

1. Negligence in the provision of professional services
2. Legal costs of defending actions relating to professional services

Irrespective of the validity of such a claim, professional indemnity insurance shall pay for your legal defence, as well as any judgments or settlements that you or your company will have to pay to the party concerned, to the degree set out in the policy limits.

Benefits of professional indemnity insurance

We will give you peace of mind

When you dare to carry out the professional services that you have been educated to provide with confidence, you will see much better results. Whether or not you find yourself holding accountable or, at the very least, being blamed for someone else’s financial or reputational harm, it would not be such an emotional or financial strain on you or the business that your professional indemnity insurance will have a helping hand in such situations.

We will protect you financially

The lawsuits are costly, pure and simple. However, you don’t need to think about technical indemnity insurance. Defence expenses, such as attorneys’ fees, court fees, paperwork, etc., will all be taken care of. If the claimant is awarded compensation, you will then be covered from the costs of the compensation.

We will increase your credibility
Being insured with the aid of professional insurers will significantly improve the brand image. It not only tells clients and customers but also demonstrates that you are prepared to be held accountable or found guilty in a professional manner. Your customers would be much more secure in doing business with you as a whole.

How does it work?
Professional indemnity is intended to protect companies that offer professional advice or services to customers.

If the complainant alleges an accident that your company has caused them injuries or financial harm, Professional indemnity shall cover the expenses of your legal defence and the damages that you have to pay.

Who needs it?
If you offer advice or professional services, Professional Indemnity will help prevent a mistake from costing your company.

It will support companies such as accountants and accountants, IT experts, advertising agencies, and management consultants.

What’s included?
Here is the list of things that we covered to protect your business:

Breach of duty
For example, if you make an online checkout for a client’s website and it’s not safe.

Intellectual property infringement
For example, if you accidentally infringe copyright on designs, you give them to a client.

Lost or damaged documents
As if you misplaced your client’s financial records after they gave them to take care of you.

Claims investigation costs
We shall pay the legal costs and expenses of the investigation, defence, and resolution of charges against you (up to the amount of cover you have).

Breach of privacy or confidentiality
Like if you accidentally disclose a client’s personal information.

Defamation
For example, if anyone believes that their credibility has been harmed by the TV ad.

Not included
There are some things which we don’t cover:

Existing circumstances
We’re not covering allegations or conditions that you hear about before your policy begins.

Contractual obligation
We do not reimburse costs or losses incurred by you dealing with the contractual obligations that you have agreed to enter into with the customer.

Intentional damage
We do not compensate for the intentional damage you cause to a third party.

Bankruptcy
We do not cover claims made against you because your company has gone bankrupt or has become insolvent.

Call now – 02 4721 7737

Insurance brokers in Parramatta collaborate with their customers to identify their risks and explore how insurance is used to cover their properties and companies. Brokers give specialist advice on risk control and mitigation and the variety of insurance products available to them.

They use their in-depth knowledge of risk and the insurance industry to define and plan for adequate insurance coverage both for companies and individuals.

Brokers have comprehensive knowledge of the variety of insurance plans available on the market and a network of business contacts, helping them negotiate the best rates on their clients’ individual needs. The same expertise and networks are also used to help clients settle claims as they occur.

Why Choose National Corporate Broking?

Our vision

To build a fully integrated Insurance Services business.

Our mission

Our goal is to provide you with quality information and security and to help you manage your risks effectively. We are committed to upholding the highest level of honesty and professionalism and to providing you at every point with superior service and excellent guidance.

Our strength

Empathy, Connection, Enthusiasm, Sincerity, Respect, Dignity, and Innovation

About our team

NCB Insurance Brokers has been meeting the insurance needs of Corporate, Commercial, and Small-to-Medium-sized businesses around Australia for more than 100 years.

Our awareness of the many different issues that our clients face when it comes to protecting their properties and livelihoods and managing their risks is very large. This is in line with our thorough knowledge of the insurance options that are currently on the market.

Tailored solutions

We assist our clients in meeting their general insurance, claims administration, etc. needs. At National Corporate Broking, however, we understand that each customer’s needs are special so that NCB insurance solution is a customised solution.

We take the time to get to know the market and requirements of our clients. We will then provide them with the guidance and information they need to make an informed decision to secure their future.

High-quality insurance solutions (in brief)

• Commercial and industrial
• Film and television equipment
• Construction and engineering
• Plant, machinery, and equipment
• Motor fleet and transport
• Business packages
• Professional risks
• Liability programs
• Trades insurance
• Strata insurance
• Corporate travel
• Claims administration

Focused on you

Little things are vital to us; it means that you can rely on us to deliver on any commitment we make. Big items are also important; our prompt and competent claims management ensures minimal interruption and disadvantage in the event of an unexpected occurrence. It’s all part of our determination to put our clients first; always.

Call us today – 02 4721 7737

Welcome to National Corporate Broking!

With a team of over 100 years of collective experience, we are immensely proud of our stable status and association with official organisations. Our fully licenced and trained brokers have the experience to offer just what our clients need: outstanding insurance products and services at a fair price.

We deliver an impressive range of general, industrial and commercial insurance options to companies and individuals, both nationally and in the wider western region.

You can fully depend on NCB insurance solutions. Here is your answer

Business insurance
Commercial insurance
Industrial insurance
Liability programs
Plant and machinery equipment insurance
Film and television equipment insurance
Transport insurance
Trade insurance
Strata insurance
Risk management advice
Claims administration
And much more.

At NCB, we represent our clients without compromise. We recognise the distinctions between every one of them, and our mission has always been to create consumer loyalty with refined insurance services and quality products.

Features of professional indemnity insurance in Parramatta

Professional indemnity insurance policies offer a wide variety of benefits and features. Some of the main characteristics and advantages of professional indemnity insurance are:

Lawsuit protection: Indemnity insurance provides offers safeguards from claims brought against the insured, irrespective of the actual misconduct. Compensation, settlement, or damages are given to the claimant shall be covered by the insurance policy along with the legal expenses incurred to prosecute the case.

Customisable: Professional indemnity insurance plans are flexible based on the nature of the company or occupation and the particular criteria relating to the nature of the professional services provided.

Flexible: Many of the insurance benefits offered are adjustable, allowing the insured to change the coverage based on the requirement.

Coverage: The policy offers exhaustive coverage of the various possible threats to the occupation or sector.

Who can avail of professional indemnity insurance?

Professional indemnity insurance plans may be used by different types of practitioners and service providers to protect their professional, company, and personal reputation. Professionals such as physicians, engineers, attorneys, architects, medical practitioners, and chartered accountants may claim professional indemnity cover. Service providers, such as hospitals and medical institutions, can also request this allowance to provide financial protection against various risks relevant to professional duties.

Why choose NCB for professional indemnity insurance in Parramatta?

We want to make your world a safer place with a wide range of insurance solutions to protect the things that you care about.

NCB is committed to making life easier for small and medium-sized business owners with insurance that is easy to understand, buy and manage. If you are a small business owner, your job is anything but small, so when it comes to protecting your business with the right cover, it helps to have an expert on your side.

You can compare the covers and make an online policy in just a few clicks. But if you need help, our friendly team of experienced brokers is a phone call away, so you can be confident that you’re making a better decision for yourself and your business.

So if you need indemnity insurance in Parramatta, then we are surely the right choice.

Call now – 02 4721 7737

Indemnity insurance is an insurance policy that covers the number of unexpected losses that may occur to an insured party. The damages or losses that are covered are up to a certain limit. The covered amount is in exchange for premiums that the insured party pays. Indemnity insurance in Penrith commonly provides cover to professionals and business owners where they are at fault for misjudgments or malpractice. All professionals, no matter how much expertise they have, can make errors in judgment, which makes them perpetually open to risks of litigation.

Indemnity insurance minimizes the risks for professionals such as lawyers, doctors, dentists, and accountants among others, where the advice given by these professionals might have caused their clients harm. In some professions in Australia, such as law, indemnity insurance is compulsory to practice.

How indemnity insurance in Penrith helps to minimize risks are:

Protects against damages from claims of negligence

For professionals, the main service that they provide is their counsel. However, at times this counsel might not be beneficial for the client, and the client, who suffers a loss based on this professional advice, can file a claim. Professionals who are protected by indemnity insurance can be protected from court costs, fees, settlements, and indemnity claims by the insurers, who will cover these unexpected expenses with the premiums that were paid.

Protection against malpractice claims

Malpractice claims can result due to a variety of reasons. One of the most common reasons is misdiagnosis. Misdiagnosis results when medical problems are not diagnosed correctly resulting in treatment that is either ineffective or harmful.

For lawyers, malpractice claims can result if clients feel that the lawyer was negligent, or if he or she breached their contract. Some of the other reasons include failure to know the law or failure to appear for court sessions.

Accountants can face malpractice claims as a result of incorrect advice given for taxation purposes, or for failure to detect fraud or embezzlement in firms. Malpractice claims against lawyers also result from incorrectly evaluating financial statements, or calling for audits.
Professionals that serve in these areas tend to be relied upon for their service of giving advice. Their advice is their offering to the client, and if this advice causes harm, then clients tend to sue.

As practitioners, it is understood that many of the claims might be based on errors that were not intentional, but that is not sufficient grounds for clients. As one of the most litigious societies in the world, Australia has a lot of cases against professionals that require indemnity insurance.

Protection to help do their jobs

The fear of being sued might prevent some professionals from doing their jobs properly. Moreover, some tough situations might require risks to be taken and creative solutions to be thought of. For instance in medical practice, doctors might have an experimental treatment on offer that could help save a patient’s life. However, the risks that are involved might be considerable and the treatment, if unsuccessful, could be fatal. In such a situation, doctors would not be willing to take the risk, where the treatment might not pan out the way they were intended to, and this could result in the idea backfiring. With Indemnity insurance in Penrith, professionals can practice with a more secure frame of mind. They can do their best, knowing that they have their insurers covering them, if they do not produce the result they wanted.

Indemnity insurance can be the reason for professional growth

Indemnity insurance gives the support that professionals require when they might be pondering over taking a risk. For instance, doctors might not risk themselves trying out a new treatment if they are not covered by indemnity insurance. By helping doctors to take risks and thereby try out creative ways of treating patients that might lose their lives otherwise, indemnity insurance helps with the progress of healthcare. New treatments when put into practice can lead to advancements in healthcare, but without being implemented there is little hope for advancement.

For accountants and lawyers, there might be a different way to interpret the law or the rules that can, in the long run, help many more clients, but in face of the risk of litigation and of the idea back-firing, the new solutions could be forsaken in place of the tried and tested methods.

It has to be understood that the world is changing rapidly. There are novel diseases that are on the rise and business models and practices that have never been seen before. Each of these, as adverse or beneficial as it may be, requires that professionals take new routes, experiment with new solutions, and take some risks. Without indemnity insurance, they expose themselves and everything that they have to lawsuits.

Indemnity insurance in Penrith is a great way for professionals to protect themselves and to be able to pay for court charges, litigation expenses, and damages without having to go bankrupt.

Disclaimer: This is a generic Information & post; content about the services can be changed from time to time as per your requirements and contract. To get the latest and updated information, contact us today or visit our website.