What is the limit of our liability under Professional Standards Legislation?
Safety ceilings (caps) on claims are set high enough to cover most consumer claims and most corporate claims for economic loss.
Currently, the minimum cap is set at:
- For costs in addition insurance, as a minimum the indemnity limit must be $1,500,000
- For costs-inclusive insurance, as a minimum the indemnity limit must be $2,000,000.