SAFETY NET - AN AUSTRALIAN FIRST

 

ACSIS LTD in conjunction with Steadfast IRS and CGU Insurance are introducing an ACSIS FACILITATED SAFETY NET insurance policy for employees.

 

WHY IS THIS NECESSARY?

Research by ACSIS LTD indicates an increasing trend by litigants to sue both the business entity and the individual.

The aim of the ACSIS FACILITATED SAFETY NET insurance cover to provide legal and/or financial support for surveyors and others in relation to their past surveying work as an employee of a previous employer.

If you as an individual employee have signed documents or plans certifying their correctness you could be at risk of litigation. This is despite the fact you acted in your capacity as an employee when you performed such work (on behalf of a previous employer) many years prior.

PLEASE EXPLAIN

Simply put if you as a former employee is sued individually for work undertaken whilst previously employed and can identify and locate that previous employer then there is cover available for legal support and costs to assist in directing that claim from you personally to that previous employer. COVER TYPE “A”

If you are not able to identify and locate that previous employer at the time of being sued as a result of the non-existence of that previous employer, then there is cover available for legal support and costs plus limited insurance cover to assist you. COVER TYPE “B” Cover Is subject to Policy Terms and Conditions.

If you are interested or require further information, please contact ACSIS Ltd today


ACSIS News

Spring

2018
 

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Please note that the period of Professional Indemnity Insurance has now reduced from
18 months to 12 months. 
 
 

 

 

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