As NatHERS assessments form part of the broader building and compliance industry, assessors face similar professional risks to those involved in design, engineering, certification, and building inspection services. For this reason, maintaining appropriate insurance cover is an essential part of professional practice.
HERA offers Professional Indemnity Insurance specifically tailored to the needs of NatHERS Accredited Assessors. The policy provides cost-effective cover designed around the unique responsibilities of energy assessment professionals, helping assessors meet accreditation requirements and operate with confidence.
To maintain accreditation, assessors must provide HERA with a current Certificate of Currency for their Professional Indemnity Insurance each year. Insurance cover levels should be appropriate for the nature and scale of the services being provided.
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. 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
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.
Public Liability Insurance
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.
