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Insurance

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This is a summary only of the professional indemnity and public & products liability insurance policy held by Expert360. Nothing set out below is general or personal advice. Nothing contained in this summary should be understood to be an express or implied condition, term or exclusion which forms part of the Insurer Policy terms and conditions or be relied upon in the event of a Claim. Please contact Expert360 for access to the Certificate of Currency and/or Insurance Policy Schedule and/or Policy Wording for information as to the specific coverage, terms, conditions and exclusions afforded by the Insurer in the event of an incident, occurrence or Claim. Please also note that each Claim may be subject to an Excess payable by the Expert - full details of the Policy, its coverage and exclusions including the applicable excess details are available on request by the Expert.

Content provided by Modern Risk Solutions Pty Ltd who is Corporate Authorised Representative of PSC Connect Pty Ltd (AFSL 344648)

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What is covered?

Expert360’s Professional Indemnity Insurance is a policy covering up to $10 million per occurrence ($20M in Aggregate) that insures Experts registered in the Expert360 marketplace for their liability for damages arising from acts, omissions or breaches of professional duty, subject to eligibility criteria.
Expert360’s Public & Products Liability Insurance is a policy covering up to $20 million that insures Experts registered in the Expert360 marketplace for third party personal injury or property damage that arises as result of your business activities, subject to eligibility criteria.
All eligible engagements made through Expert360’s platform will have access to Expert360’s insurance cover. There are some limited cases where an engagement will not be eligible. Please contact accounts@expert360.com or ask your Account Manager for more information.
The Professional Indemnity Insurance is on a claims made and notified basis which means that the policy limit, terms and conditions which are applicable to a notified claim are those of the current policy period when the claim is notified – not when the claim occurs (if outside the current policy period). These may also be different from the insurance terms and conditions in place when the project contract was entered into if it also was in a different policy period. Claims must be lodged within 30 calendar days of the date of the incident.
All coverage is subject to the policy’s terms and conditions and there are exclusions that apply.

What isn’t covered?

Individuals/companies not registered on Expert360 are not covered under the insurance policy. Please ensure the Expert that completes the project for you (Client) is registered on Expert360 and he or she is the person or company that your project is assigned to.
Projects must be contracted, invoiced and paid via the Expert360 platform to be eligible for the coverage, unless otherwise agreed.
The policies do not cover personal injury to, or damage to property belonging to the Expert, and should not be considered a replacement for workers compensation, income protection or other similar types of insurance.
Expert360’s insurance cover is not available for project services performed for any business or company based in the United States & Canada.
The policy will not cover Experts who make a claim as a result of financial or investment advice which requires an Australian Financial Services License.
The policy will not cover Experts who make a claim in relation to advice relied upon for M&A, Capital Raising, Divestitures and/or consolidations.