What’s covered:

• What you’re legally liable to pay if you or someone employed by you makes a mistake resulting in a financial loss for someone else

• Payment of costs and expenses such as legal fees

• Costs incurred by you through errors or omissions made by your subcontractors and consultants on a job (you’re covered but the insurer will seek recovery from the subbie or consultant)

• The legal costs of defending any licensing or disciplinary proceedings brought against you by the Building Practitioners Board

• Lost documents

• Libel & slander

The cover is even available when you stop building or retire, protecting you from the personal liability you’re exposed to for up to 10 years under the Building Act.

What’s not covered:
Errors & Omissions Indemnity does not cover you for damage to actual property.  For this you need public liability insurance.

Other things you should know:
An excess is payable for each claim.

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Click here to apply and get covered today.

Note: This is meant as a summary of the most important items of the policy.  For a complete understanding of what it covers you should always read the full policy wording.