Key Benefits

• Underwritten 100% through certain underwriters at Lloyds
• Specific product available for Real Estate Industry
• Wide occupation listing acceptance for miscellaneous risks
• Market competitive automatic coverage extensions
• Commencing cover and establishing quotations – simple, straightforward and clear
• We are committed to providing fast and efficient settlement of claims
• Currently available through the MGA network only – 15% commission payable

Professional Indemnity - Extensions

• Civil Liability wording.
• One automatic Reinstatement
• Loss of documents
• Principals previous Business
• Trade Practices Act
• Bodily Injury Limit - $2,500,000 (Real Estate PI)
• Dishonesty of Employees
• Defamation, Lible and Slander
• Newly aquired or related subsidiaries
• Run Off Cover
• Severability
• Defence Costs inlcused in indemnity limit + cost to make enquiries (per policy)
• Heirs, estates and representatives

Optional Extensions

• Fidelity Sub Limit - $50,000
• Additional Automatic Reinstatement

Frequently Asked Questions …

Do I need a specific application form to get a quote?

We accept most Professional Indemnity proposals to quote.

If I place the business through Millennium, will I need to get the Millennium proposal completed?

In most cases no. We will accept the proposal that the quotation has been provided on.

Why should Real Estate PI have bodily injury included? What does Millennium’s policy provide?

Real Estate agents main exposure to bodily injury is with the property management aspect of their business. Should a tenant be injured within the managed property, the agent/manager could be deemed liable for not identifying a potential risk to the tenant (i.e. exposed wires).

The Millennium policy provides a $2,500,000 limit for bodily injury – please refer to 5.21 (page 12 of 14) of the Millennium PI Policy Wording.

What types of occupations will the Millennium Miscellaneous Risks PI cater for?

There are a number of preferred risks, such a general consultancy, accounting/bookkeeping, drafting/design and a number of other advisory and professional occupations. Limits available up to $5,000,000.

PLEASE NOTE: The forgoing is a brief summary of highlights and benefits only of the policies provided. Before making any decisions in relation to this product, please refer to the product disclosure statement and policy wording, paying particular attention to the exclusions which may apply