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Insurance Offering

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SYTA offers full members competitively priced Professional Indemnity and Public Liability insurance through our preferred insurer Gallagher (otherwise known as AJG).             

Gallagher’s combined professional indemnity (PI) and public liability (PL) insurance cover starts from just $188 for 12 months’ cover based on a $1m PI and $10m PL limit and is available to sole traders whose turnover is less than $250,000 per year. Higher PI and PL limits are available, and are priced as set out below.

Policy key features
• Cost-effective premiums, ranging from $188-$335, depending on indemnity limit (including GST, Stamp Duty and broker fee)
• Worldwide cover excluding USA & Canada (90 days overseas extension) for general property insurance
• One reinstatement of Professional Indemnity for the insurance period
• Occurrence-based claims coverage – this benefit is exclusive to Gallagher
• Over 1200 approved modalities
• Automatic inclusion for Market Stalls (up to $50,000 turnover per year)
• Dedicated claims team
• Plus many more automatic extensions – as per product disclosure statement

New Rate Table Effective 1st June, 2018:

Professional
indemnity
(PI) limit
Public
liability
(PL) limit
 
Annual
premium
 
$1 million  $10 million  $188  
$2 million  $10 million  $200
$5 million  $10 million  $249 
$10 million  $10 million  $305 
$1 million   $20 million  $218 
$2 million   $20 million  $230 
$5 million   $20 million  $279
$10 million   $20 million  $335 

To apply for insurance please log into the Member Zone, have your SYTA membership number handy and download the application form!