Adding your Business to your Combined Liabilities insurance policy

All registered practitioners know to have to your Combined Liabilities insurance claims. Additionally, you may contract a professional indemnity Insurance policy policy so that your business entity your services through your business to to cover their own professional services, is also given the same protection as third parties – Happy Dentures Pty Ltd but many don’t realise that having a you personally. may have supplied custom mouthguards policy just in their personal name could to the local football club, where your mean they are not properly insured for Why is this important? business is seen to have provided their business. You don’t have control on how a claim the service. We have had many cases where claims is presented or how an allegation is So even if you are a sole trader, in a have been complicated because the made. Most usually a patient can identify partnership or have an incorporated claim or allegation of wrongdoing has a practitioner to target their claim but company, where there is a relevant been addressed to the business rather sometimes they specifically name the business entity that you use to than the practitioner. Even if the business business entity as multiple people were provide your professional services, is owned by the practitioner, by not involved. Other times, the lines may be we recommend updating your insurance naming the business entity in your policy, blurred for cases where the business itself policy to have the business covered. the insurance doesn’t automatically cover rather than a practitioner was alleged Contact Guild Insurance on 1800 810 213 the business. to have caused the harm – examples of this relate to a failure of business to speak to an Insurance specialist about With the Guild Insurance policy, you have process errors like privacy breaches your individual circumstances now. the option of including your business on or infection control or in public liability

1800 810 213 guildinsurance.com.au

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Guild Insurance Limited ABN 55 004 538 863, AFS Licence No. 233 791. This article contains information of a general nature only, and is not intended to constitute the provision of legal advice. Guild Insurance supports your Association through the payment of referral fees for certain products or services you take out with them. DEP48700 ADPA - Adding your Business Name Info Sheet 06/2019