Benefit of Continuous Cover with the same Insurer

[et_pb_section fb_built=”1″ disabled_on=”on||” _builder_version=”4.0.11″ background_color=”rgba(255,255,255,0)” background_image=”https://professionalindemnityinsuranceguide.com.au/wp-content/uploads/2018/04/Professional-Indemnity-Guide-Header.jpg” parallax=”on” transparent_background=”on”][et_pb_row column_structure=”1_3,2_3″ _builder_version=”3.25″][et_pb_column type=”1_3″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_image src=”https://www.professionalindemnityinsuranceguide.com.au/wp-content/uploads/2015/10/Professional-Indemnity-Cover-320.png” alt=”Professional Indemnity Guide Cover” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”3.26.4″][/et_pb_image][/et_pb_column][et_pb_column type=”2_3″ _builder_version=”3.25″ background_color=”#30b8b8″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_code _builder_version=”4.4.6″ background_color=”#30b8b8″ text_orientation=”center” custom_margin=”||0px|” custom_padding=”15px||15px|” global_module=”1004″ saved_tabs=”all”] – You can modify the font style and form style to suit your website. – Code lines with comments ???Do not remove this code??? are required for the form to work properly, make sure that you do not remove these lines of code. – The Mandatory check script can modified as to suit your business needs. – It is important that you test the modified form before going live.–>

8 out of 10 small business owners aren’t sure what their Professional Indemnity policy needs to protect them. Are you one of them?
Get in the know with our free guide.

I Agree to the terms of the Privacy Statement

[/et_pb_code][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.4.3″][et_pb_row _builder_version=”4.4.3″][et_pb_column type=”4_4″ _builder_version=”4.4.3″][et_pb_text _builder_version=”4.4.6″]

The Benefit of Continuous Cover with the same Insurer

What is Continuous Cover

Continuous Cover gives cover for claims that have arisen out of a known circumstance and should have been notified to the insurer in a prior policy period. This is providing that the following points are taken into account:

  • The current insurer was the insurer at the time the policyholder first became aware of the matter.
  • Continuous Cover was held with the insurer.
  • If the insurer had been notified of a circumstance, the policyholder would have been covered under the policy in force at that time.
  • The claim, nor the known circumstance, was previously notified to any insurer.
  • The lesser limit of the two applicable policies will apply.
  • Delayed notification may be taken into account in the adjustment of the claim, should the insurer’s position be prejudiced.
  • Issues of ‘non-disclosure’ and ‘known circumstances’ exclusions are not raised.
  • Fraudulent non-disclosure or misrepresentation does not occur.

Continuous Cover and Section 21 of the Insurance Contracts Act

  • The benefits of a Continuous Cover clause do not forgive a policyholder’s overriding legal duty of disclosure under Section 21 of the Insurance Contracts Act (the Act):
  • Any policyholder has a duty to disclose every matter that is known and could be relevant to the insurer accepting the risk.
  • Section 28 of the Act details the solutions available to an insurer if it could be shown that a policyholder failed to comply with its duty to disclose.

[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ module_id=”contact” _builder_version=”3.22″ background_color=”#27323a” custom_padding=”||0px|” global_module=”982″ saved_tabs=”all”][et_pb_row _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ background_position=”top_left” custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.4.6″ header_text_color=”#30b8b8″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” text_orientation=”center” background_layout=”dark” module_alignment=”center” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]

After Advice or A Quote?

Optimum Insurance Services are qualified insurance advisers. We welcome all enquiries in relation to our insurance products and services. To obtain advice or a competitive quotation enquire online. If you would like to discuss your specific needs further, please call 1300 739 861 and speak with our friendly and helpful advisers.

[/et_pb_text][et_pb_code _builder_version=”4.4.6″] – You can modify the font style and form style to suit your website. – Code lines with comments ???Do not remove this code??? are required for the form to work properly, make sure that you do not remove these lines of code. – The Mandatory check script can modified as to suit your business needs. – It is important that you test the modified form before going live.–>

I Agree to the terms of the Privacy Statement

Please enable JavaScript to submit form

[/et_pb_code][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ disabled_on=”off|on|on” _builder_version=”4.4.6″ background_color=”#3074B8″ custom_padding=”||0px|”][et_pb_row module_class=” et_pb_row_fullwidth” _builder_version=”4.4.6″ background_enable_color=”off” background_size=”initial” background_position=”top_left” background_repeat=”repeat” width=”89%” width_tablet=”80%” width_phone=”” width_last_edited=”on|desktop” max_width=”89%” max_width_tablet=”80%” max_width_phone=”” max_width_last_edited=”on|desktop” custom_margin=”||||false|false” custom_padding=”|20px||20px” make_fullwidth=”on”][et_pb_column type=”4_4″ _builder_version=”3.25″ background_position=”top_left” custom_padding=”|||” custom_padding__hover=”|||”][et_pb_image src=”http://www.professionalindemnityinsuranceguide.com.au/wp-content/uploads/2015/10/Professional-Indemnity-Cover-small1.png” alt=”Professional Indemnity Insurance Guide” title_text=”Professional Indemnity Insurance Guide” align=”center” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”3.23″ animation_style=”slide” animation_direction=”left” animation_duration=”500ms” animation_intensity_slide=”10%” animation=”left” sticky=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid”][/et_pb_image][et_pb_text _builder_version=”3.27.4″ header_2_text_color=”#152f33″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” text_orientation=”center” background_layout=”dark” module_alignment=”center” custom_margin=”||0px|” custom_padding=”||0px|” border_style=”solid”]

GET YOUR FREE GUIDE NOW!

[/et_pb_text][et_pb_code _builder_version=”4.4.6″ global_module=”1228″ saved_tabs=”all”] – You can modify the font style and form style to suit your website. – Code lines with comments ???Do not remove this code??? are required for the form to work properly, make sure that you do not remove these lines of code. – The Mandatory check script can modified as to suit your business needs. – It is important that you test the modified form before going live.–>

I Agree to the terms of the Privacy Statement

Referral Source

[/et_pb_code][/et_pb_column][/et_pb_row][/et_pb_section]