Important Update from insurance.com.au
As part of insurance.com.au’s ongoing commitment to delivering high-quality insurance solutions and exceptional service, we have recently completed a comprehensive review of the insurance market. Following this review, we are pleased to announce a new partnership with Keystone Underwriting Pty Ltd (“Keystone”), an underwriting agency authorised to act on behalf of underwriters at Lloyd's of London.
Keystone brings extensive expertise in the allied health sector. The new Psychologists insurance product includes Professional Indemnity, Public Liability, Products Liability and Cyber Liability, designed to support the risks faced by practising psychologists.
This change reinforces insurance.com.au’s commitment to our partnership with AAPI and support of AAPI members.
What’s New for Members?
In addition to maintaining the core elements of your existing coverage, insurance.com.au has successfully negotiated enhanced benefits, including:
- Unlimited in the aggregate for Public Liability.
- Standalone Cyber Insurance with a maximum limit of $25,000.
- 4 contract reviews included for policy related matters to assess third party contracts received as part of your business operations to determine whether your existing insurance program provides appropriate coverage for the obligations and risks outlines within those agreements.
- Coverage for Psychedelic Assisted Therapies*.
- Play Therapists included in scope*.
- Reduced premium while Insured is on an extended break* (e.g. parental leave) can be considered on a case-by-case basis.
- Principal’s Indemnity Extension*1 designed to extend cover to the principals of a business for vicarious liability of the psychology services provided by yourself as a contractor.
The above benefits are subject to the policy terms, conditions and exclusions.
*Subject to request and referral to the Insurer for review.
1Offered on a case-by-case basis and may incur an additional premium.
Transition Support for Renewing Insureds
To ensure a smooth transition, insurance.com.au has negotiated the following endorsements:
Difference in Conditions2
If a claim arises that would be covered under the previous policy, the Difference in Conditions (DIC) clause acts as a bridging endorsement to allow the current policy with the new Insurer to respond using the terms, conditions and exclusions of the expiring policy but within the limits of current policy.
Extended Continuity of Cover2
Ensures that your coverage remains uninterrupted, even when switching Insurer.
2Subject to no known prior claims and/or circumstances that might lead to a claim.
For more information, contact the insurance.com.au team on 1300 468 730, or [email protected].
Have Questions About the Updated Insurance Policy?
For more details about this policy and its benefits for Psychologists, please refer to the insurance.com.au FAQ page here.
If you require further assistance, or would like more information, the insurance.com.au team is available directly on 1300 468 730 or [email protected].
Disclaimer
This policy is issued by Keystone Underwriting Pty Ltd (Keystone) ABN 59 634 715 674, AFSL 518224 and promoted and distributed by insurance.com.au Pty Ltd (insurance.com.au) ABN 27 163 909 073, an Authorised Representative (AR Number 443422) of Insurance House Pty Ltd ABN 33 006 500 072 AFSL 240954. For more information on the financial services insurance.com.au provides, you should read the Website Disclosure Wording and privacy policy. For all policy coverage and conditions, please refer to the policy wording and general Terms & Conditions. The information provided on this website is general advice only and does not take into account your individual objectives, financial situation or needs (your ‘personal circumstances’). When making decisions about purchasing, amending or renewing insurance, consider the Product Disclosure Statement or policy wording/booklet and Target Market Determinations (if applicable). Coverage is always subject to policy terms and conditions. The information is current at the time of publication. While every effort has been made to verify the accuracy of the information, insurance.com.au, its officers, representatives, employees and agents disclaim all liability (except for any liability which by law cannot be excluded), for any error, inaccuracy in, or omission from the information contained in this material for any loss or damage suffered by any person directly or indirectly through relying on the information.