VMIA continues to improve our Liability Insurance offering by combining insurance into one simple policy.

Coverage for each of these policies is specified across three sections within the policy as follows:

  1. clause 1.1.1 - Public and Products Liability
  2. clause 1.1.2 – Professional Liability     
  3. clause 1.1.3 - Formal Investigation and Representation Expenses.

What’s covered?

Public and Products Liability

Public and Products Liability insurance provides cover for any legal liability your organisation must pay compensation for, such as:

  • personal injury to third parties arising from business activities or goods sold
  • damage to third party property arising from business activities and goods sold
  • personal injury to third parties arising from advertising liability.

Professional Liability

Professional Liability insurance provides cover for any legal liability your organisation has for financial losses suffered by third parties, arising from conduct of your organisation because of:

  • a breach of professional duty
  • an act, error or omission
  • misleading or deceptive conduct
  • libel, slander or defamation.

In addition to the above indemnity, both policy sections provide cover for legal costs incurred in the defence of claims made against your organisation.

Formal Investigation and Representation Expenses

Formal Investigation and Representation expenses provides cover for reasonable expenses incurred by your organisation to prepare for, respond to and attend a formal administration or regulatory inquiry, such as a Royal Commission.

Policy updates for 2022-2023

Professional Liability - Construction Activities

Effective from 1 July 2022, clients who provide any advice, design or specification in connection with their construction activities and as a part of their professional services will be covered up to $50 million for any one claim and in the aggregate, per policy period.

The Professional Liability deductible will apply.

Cover is provided on a ‘claims made and notified’ basis.

More Information

Contact us on 03 9270 6900 or contact@vmia.vic.gov.au.

Please read the full 2021-2022 policy terms and conditions [PDF, 960KB].

Please read the full 2022-2023 policy terms and conditions [PDF, 922KB].