More About Our Products
PROFESSIONAL INDEMNITY - covers breach of professional duty, and is available in 4 forms, each tailored to meet the requirements of each sector :
• Accountants
• Insurance Brokers
• Design & Construct
• Miscellaneous
Capacity : $20m
DIRECTOR'S & OFFICER'S LIABILITY - covers the directors and officers, and provides reimbursement to the company for indemnities provided to them.
Capacity: $20m
MANAGEMENT LIABILITY - a comprehensive management risk package designed for the SME market, combining director's and officer's liability, with entity liability, employment practices liability, super trustees liability, fidelity loss and crisis management fees.
Capacity: $20m
SUPERANNUATION TRUSTEES LIABILITY - provides protection to super fund trustees of employer funds, including reimbursement to the trust for indemnities to trustees, and fidelity loss.
Capacity: $10m
BUSINESS EXPENSE PROTECTION - covers professional firms for inquiry representation costs, downtime associated with inquiries, commercial disputation costs and fee recovery costs.
Capacity: $2.5m
IT LIABILITY - market leading cover for IT professionals combining errors and omissions with public/ products liability, and includes limited contractual liability cover.
Capacity: $10m Errors & Omissions + $20m Public/Products Liability
UNAUTHORISED TRADING - exclusive to Nova, and cover companies against "rogue traders" where the trader has exceeded their authority and exposed the company to loss. This provides the protection usually missing from Fidelity/Crime insurance, as the motivation is not always dishonest.
Capacity: $20m [higher limits may be available if required]
ASSOCIATION LIABILITY WORDING - a complete management liability package for non profit organizations, combining professional indemnity with director's and officer's liability, entity liability, employment practices liability, super trustees liability, fidelity loss and tax audit expenses.
Capacity: $10m
COMMERCIAL CRIME/FIDELITY - a really comprehensive crime cover providing 1st party protection for loss of property [including money] and securities through fraud, including computer and funds transfer fraud, premises and transit cover, counterfeit money orders/cheques or currencies, depositor forgery, PLUS 3rd party cover for claims for libel, malicious falsehood and intellectual property infringement, resulting from internet transmissions.
Capacity: $20m
NOTES:
These are simply very brief summaries of the cover afforded by each product and do not provide the full content of the terms and limitations to which each is subject. For full details of the cover provided by each product, please download and read the policy wordings, and consult your broker.
The capacity shown may not be offered in all cases.