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PI/PL – As a contractor you are often responsible for providing your own Professional Indemnity/Public Liability. It can be time consuming, confusing and cost you a small fortune for even the shortest of contracts.

CXC Global has just announced they can now provide PI/PL to ANY contractor regardless of whom their employer or agency is. They offer various levels starting from just $300 + GST per year and one easy to complete, plain English application form.

Why take PI/PL cover? If a mistake is made it will help to cover you for any damages you then become liable for, subject to the level of cover your business is insured for.  It also helps to fixing any mistake on your part so that there is not much loss, financially or even legally.

Take the example of an Analyst Programmer in an IT firm who is responsible for analysis, design, modification, testing, installation and maintenance of various application programs. If by mistake they commit some error in analysis or say in testing, then they could be held accountable for legal consequences, but indemnity insurance would defend him during such situations and will provide him legal aid as well as will help pay financial cost.

There is also a section covering property damage or bodily injury you may cause while on your client’s site and Statutory Liability cover for legal costs and expenses in defending yourself against a breach of Statute/Act of Parliament.

CXC Contractor InsuranceTM also includes other contractor-specific policies such as Income Protection, Life, Critical Illness and Business Equipment  Insurance. Please call Kirsty Erasmus on (09) 353 1981 or email Kirsty.erasmus@cxcglobal.co.nz for more information.