HERA Insurance

Professional Indemnity Insurance

HERA Professional Indemnity Insurance

NatHERS accredited Assessors must maintain professional indemnity insurance commensurate with the volume and scope of work they undertake.

Professional negligence occurs when a client suffers a disadvantage or loss as a result of some act, error or omission by a professional service provider. If a client believes that a service provider has acted in a way that has caused them a loss or disadvantage, they can sue the service provider for professional negligence and claim damages to make up for the disadvantage they have suffered. The resulting court case can take months or years to resolve, cost a lot of money in legal fees, and may result in damages payouts of many hundreds of thousands, or even millions of dollars. The costs associated with such a court case can quickly make a business bankrupt.

Professional indemnity insurance provides protection both for you and for your clients, so even if it is not legally required in the State/Territory that you work in, it is absolutely essential for your business, professional reputation and practice. HERA offers professional indemnity insurance that provide cost effective insurance specifically for NatHERS assessors. You will have to provide a copy of a Certificate of Currency for your professional indemnity insurance to HERA every year, in order to maintain your accreditation.

Professional indemnity insurance is mandatory for NatHERS assessors in most jurisdictions and is a requirement for accreditation. Professional Indemnity Insurance covers professional service providers for claims arising from professional negligence.

Professional indemnity insurance covers the service provider, so that their legal fees and any damages will be paid by the insurance company – as long as the service provider has acted in good faith and not done anything illegal. Because damages claims for these kinds of cases can run into the millions of dollars, professional indemnity insurance will normally cover you for claims up to at least $2 million, and usually much more than this. This kind of insurance is most often needed in the building industry for design or engineering work, property inspection reporting and any private certification activities, such as building inspection and NatHERS assessment.


Insurance Advisory Service have been providing insurance and financial advice for more than 40 years. Our expertise ranges from individual and family insurances to a broad range of business insurances, superannuation and financial products and advice, and we have a proven track record in managing risk and building certainty.

As a member of the Steadfast Group of Brokers, Association of Independently Owned Financial Professionals, the Association of Financial Advisers and the National Insurance Brokers Association, Insurance Advisory Service strives to reach the highest industry standards.

It’s always good to know that someone who provides a vital service to you is qualified. The staff at Insurance Advisory Service hold a range of qualifications and significant real life experience. This makes the assessment, management and representation of your interests that much more effective, efficient and professional than less experienced advisers. Importantly, Insurance Advisory Service holds an Australian Financial Services Licence and is licenced as an approved insurance adviser by the Australian Securities and Investments Commission (ASIC).

Insurance Advisory Service has strong relationships with major insurance providers across Australia and internationally, including Lloyds of London as well as unlimited access to boutique financial service providers. These relationships give clients the best of both worlds – big-firm benefits, industry expertise and strongly held family values.

Insurance Advisory Service

Public Liability

If you’re running a business and visiting clients at home or they are coming to your office, organising a one-off event or you own a shop, then Public Liability Insurance is something you can’t afford to be without.

Public liability insurance protects you and your business against the financial risk of being found liable to a third party for death or injury, loss or damage of property or pure economic loss resulting from your negligence.

Public Liability Insurance generally covers related legal fees, costs and expenses. Your policy should also include any potential compensation pay outs including ongoing disability payment costs – in today’s litigious society, these costs can run into the millions of dollars. Remember, premiums depend on the type of business you run, your turnover and the number of employees you have.

For more information on Public Liability insurance contact the Insurance Advisory Service.