Professional Indemnity Insurance NSW

Are you managing the escalating cost and complexity of your Professional Indemnity Insurance? 

Engineers and other specialist construction services will need to educate themselves with the new Design and Building Practitioners Act 2020. There are essential insurance implications for all Engineers who will now need Professional Indemnity Insurance more than ever.

The Australian Professional Indemnity Insurance market and international markets like Lloyds of London are shrinking and becoming insular. This is resulting in higher premiums, excesses and conditions being offered to the Engineering industry.

More significant restrictions on the types of risks are hitting the local market hard. E.g. declined insurance on high-risk occupations that are more likely to suffer a sizable loss, i.e. fire engineers that could be held partially liable for damages in buildings with non-compliant cladding or highly flammable building materials.

Some Engineers such as Geotech, Soil, or businesses with outstanding or previous claims are challenging to place business anywhere in the world. Getting help to tackle the changing market conditions and escalating costs is where SHC Insurance Brokers can help you.

SHC Insurance Brokers has some of the best relationships locally and internationally to place business.

Why Use SHC Insurance Brokers?

• Dedicated engineering specialists since 1989
• Obtain competitive pricing and broad policy coverage
• Access to the largest specialised insurance market in the world – Lloyds of London
• Unmatched client service and insurance broker expertise
• Experienced with the placement of complex insurance programs for engineers
• We provide specialised insurance solutions to help protect engineers in all states and territories of Australia.

Contact SHC Insurance Brokers

Contact us today and speak with our experts to find out more about the benefits of using SHC Insurance Brokers and our packaged insurance solutions designed to protect the needs of Australian engineers.