Professional Indemnity
Professional Indemnity
At Scope Underwriting our Contractor All Risks policy offers broad coverage, strategically designed to protect your construction projects at every stage, including coverage for material damage, theft, and unforeseen events that could impact a project being delivered on time and on budget.
APPETITE LIST:
Covered
Design and Construction (D&C) Contractors
Covered
Construction Professionals (e.g., architects, engineers, project managers)
Covered
Firms providing professional services in building, infrastructure, and civil engineering projects
Covered
Businesses seeking limits up to $20,000,000
Covered
Minimum premiums starting at $20,000
Covered
Clients requiring lead or follow capacity for flexible coverage solutions
Optional Extensions
Enhance your coverage with the following optional extensions, tailored to your specific needs:
Consultant, Contractor, Subcontractor, and Agents:
Indemnifies consultants, contractors, or agents for civil liability arising from work under the insured’s direct control or supervision.
Novation:
Covers liabilities from novated contracts where the insured assumes or transfers responsibility for professional services, subject to policy terms.
Previous Business:
Extends coverage for claims against principals for prior business of the same type, acting as excess over other applicable insurance.
Reinstatement of Limit:
Reinstates indemnity limit, doubling aggregate coverage, excluding amounts covered by additional insurance
Broker Benefits
EXTENSIVE UNDERWRITING EXPERIENCE
Benefit from a combined 35+ years of underwriting experience, providing a deep understanding of industry and construction related risk.
TAILORED UNDERWRITING APPROACH
We specialise in crafting bespoke solutions, tackling even the most complex risks with a dedicated approach to finding the right coverage.
EXCEPTIONAL SERVICE STANDARDS
Experience superior service and peace of mind with our commitment to high standards and prompt, reliable support for all your brokerage needs.
Our Advisory Framework
Creating and maintaining the correct insurance solution for your clients requires a structured approach. Our scoping framework ensures that you benefit from the depth of our experience, and can deliver comprehensive insurance solutions regardless of project complexity.
Collate
We help brokers to understand what information will be required to develop a comprehensive evaluation of each specific risk.
Understand
We analyse the risk information stack to fully understand the Insured, their contractual obligations and potential liabilities.
Tailor
We utilise the flexibility of our exclusive wording to draft a tailored insurance solution that effectively addresses both the identified risks and contractual requirements.
Maintain
With an always-on approach to our broker relationships, we maintain open channels of communication to confirm the level of cover remains adequate and appropriate for the duration of each project.
Backed by World Leading Security
Lloyd’s is the world’s specialist insurance and reinsurance market. Operating in more than 200 countries and territories worldwide, the Lloyd’s market has an unrivaled concentration of specialist underwriting expertise. For more than 150 years, Lloyd’s has provided tailored insurance and reinsurance solutions for a variety of Australian risks. Lloyd’s is licensed to write general insurance and reinsurance business under the Australian Insurance Act 1973. In 2018, Lloyd’s underwriters wrote A$2.8 billion of business in Australia, making Lloyd’s the fifth largest general insurer in the Australian market.
Our Specialists
Nicholas Vernon
Co Chief Executive Officer
Robert Higginson
Co Chief Executive OfficerPowered By