Professional Risk Underwriting Pty Ltd (ProRisk) has rolled out a second product on its proprietary quote/bind trading platform ProBind. This time around it’s a management liability policy for sole traders and partnerships.
Aimed at addressing the uninsured exposures of such businesses, the new offering features premiums as low as $300 plus tax and charges, as well as limits of liability up to $2 million. The product was developed to fill the coverage gap wherein management liability policies normally catered to organisations structured as a private company, which a sole trader or partnership isn’t.
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