Schemes limiting liability of members

The liability capping framework and PI reform process Operation of the Institute schemes What liability is capped - occupational liability Who benefits from the cap Professional indemnity (PI) insurance cover Disclosure required Key dates and requirements by state Reporting obligations to the PSC Explaining the liability capping schemes to your clients

 

Important message: liability capping reporting requirements

All firms need to supply insurance and claims data to the Institute by responding to the Institute limitation of liability scheme Questionnaire. This information will be reported to the Professional Standards Council in an aggregated format to preserve confidentiality. This reporting is a legislative requirement for the liability capping schemes.

This information regarding the Institute's limitation of liability scheme is a general guide only. It is not intended as professional advice and you should rely on your own enquiries and assessment and other suitably qualified and specific professional advice.

The Institute expressly disclaims all liability for any loss or damage arising from reliance upon any information in the guide.

Article last updated 4 August 2011