IPTA and Aon

Insurance for members of The Institute of Patent and Trade Mark Attorneys of Australia

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Mon – Fri
8:30am – 7:00pm AET

Insurance for IPTA members through Aon.

Professional Indemnity insurance designed for Patent and Trade Mark Attorneys.

When you’re offering professional services as a patent and trade mark attorney, having the right insurance means that you have a level of security that can protect your business from losses in the event of a claim.
We are proud to be the chosen risk and insurance solutions provider for the IPTA community. We’ll work closely with the Institute to deliver a range of risk and insurance solutions specifically designed for the needs of legal professionals in the patent and trade mark law sector.

We’ve worked closely and deep-dived with IPTA to understand the needs of it's members and their and business requirements in detail. We’ve also designed a Professional Indemnity insurance solution* tailored for your profession, which includes exclusive cover solutions and pricing only available to IPTA members. Talk to a dedicated expert today.

Depth and detail with expert advice.

We'll prioritise understanding your business' risks by identifying potential gaps and bring you an insurance solution suited to your business needs and risk requirements.

Talk to an expert – Gain confidence by discussing your insurance requirements, and the options available to you, with a dedicated team of professional advisers who understand the insurance needs of attorneys. 

Deep industry insights – We use our data-driven insights and deep industry knowledge to offer you an insurance program to suit your business’ requirements.

Knowledge & thought leadership - Deepen your understanding of key risk exposures and insurance through Aon’s extensive thought leadership and market insights we’ll offer you, across a wide range of topics, risk management reports and access to exclusive events and more.

Why Aon?

Tailored insurance solutions for Patent & Trade Mark Attorneys


Range of options

Access to a range of flexible insurance options tailored to suit patent and trademark attorneys:
  • Professional Indemnity
  • Cyber Liability
  • Business Insurance
  • Public Liability
  • Management Liability & more

Choice & Flexibility

Aon has access to a broad range of insurers and solutions which enable us to offer you an insurance program aimed at achieving a superior combination of cover, service, price.

Managing your claim

If you do need to make a claim, Aon offers a dedicated team of in-house claims experts who can help to achieve the desired outcome for you and support you through the claims process.
What Insurance should Patent and Trade Mark Attorneys consider?

Professional Indemnity
Cover for attorneys and solicitors practicing in Australia. This helps with claims made against your practice by customers or other third parties, where in performing your professional services, your business has caused them loss.
Business Insurance
Cover for the cost to repair or replace your premises or business property following an event including fire, storm, or vandalism, and can include your business loss caused by the interruption.
Cyber Insurance
Cover for expenses and legal costs associated with a data breach, loss of client information or cyber-attack. Costs can include computer expert services, data recovery, ransom and legal costs.
Management Liability
Cover for losses incurred, including legal costs, where a Director or Officer has committed a wrongful act in their capacity as manager of the corporate entity.
Public Liability
Cover for claims against your business made by a client, contractor, or a member of the public for accidental personal injury or damage to their property. This could arise from an incident on your business premises or as a direct result of your business operations.
FAQs

Frequently Asked Questions
For Patent and Trade Mark Attorneys. Here are some questions commonly asked.
Why should I consider professional indemnity insurance?
As a patent or trademark attorney you are providing professional advice to your clients daily. If you make an oversight, error or omission with this advice the other party may suffer a financial loss and as a result bring a claim against you for these losses. Professional Indemnity Insurance will cover you for the claimed amount as well as the associated defence costs. 
How much professional indemnity insurance do I need?
Within Australia attorneys and solicitors are advised to hold professional indemnity insurance in order to practice. While some aspect of insurance regulations in each state and territory can differ, the minimum amount of professional indemnity insurance that should be maintained is $2,000,000 based on what is advised by state law societies. 

Dependent on the size of the firm, limits of up to $20,000,000 are available. For details regarding professional indemnity insurance in your state please refer to the respective state law societies’ requirements.
Will professional indemnity cover my business for work done by a contractor?
Professional indemnity will cover your business for vicarious liability for claims you may incur as a result of work done by a sub-contractor for or on your behalf. It does not, however, cover the contractor directly as it would an employee.

This is because as a sub-contractor they will likely also provide services to other businesses and parties, and naming them as an insured may potentially expose you to liabilities outside your business that are completely outside of your control. Due to this we do recommend that any sub-contractors engaged maintain their own insurances.
More FAQs
I sometimes provide services to clients outside of Australia. Would I still be covered under the policy?
The standard territorial limits under the policy are worldwide excluding USA or Canada. If you are providing 10% or less of services to clients within the USA or Canada this coverage can be extended to worldwide.
By extending the territorial limits, this will cover you for activities or services anywhere is the world.  However, all claims under the policy would need to be brought against you in a Court of The Commonwealth of Australia.

Do I maintain my insurance if I stop trading?
Professional Indemnity is a claims-based insurance. This means that a policy needs to be active when a claim arises in order to respond, even if this event that lead to the claim occurred several years ago.
Due to this if you do cease trading we recommend maintaining what is called a “run off” professional indemnity policy. This is an active policy that will cover you for activities when you were trading, to ensure you have cover in place when a claim is made afterwards up to 7 years.

Contact


Call 02 6190 0958

8:30am - 5:00pm AET
Mon - Fri (except public holidays) 

*Full policy terms and conditions and exclusions apply. The Professional Indemnity Insurance for members of the Institute of Patent and Trademark Attorneys is arranged by Aon Risk Services Australia Limited ABN 17 000 434 720 AFSL 241141 as agent for the insurer, FTA Insurance Pty Ltd ABN 69 614 898 270  AFSL 493713. If you purchase this insurance, we will receive a commission that is a percentage of the premium. Further information can be provided upon request.

The Cyber Liability insurance is arranged by Aon Risk Services Australia Limited ABN 17 000 434 720 AFSL 241141 (Aon) on behalf of the product issuer CFC Underwriting Limited 1999-2019 of London, Company Number 03 302 887. If you purchase this insurance, Aon will receive a commission that is a percentage of the premium. Further information can be provided upon request.

The Institute of Patent and Trademark Attorneys (IPTA) (ABN 78 004 194 263) acts as a referrer of Aon’s products and services only. All services in relation to insurance products are provided by Aon Risk Services Australia Ltd ABN 17 000 434 720 AFSL 241141 (Aon), not by IPTA. IPTA is not a representative of Aon and accepts no legal responsibility for any advice given by, or any act or omission of, Aon. IPTA may receive a referral fee from premium commission received by Aon as a result of referrals made by IPTA to Aon. If you require further information about our relationship, please feel free to contact Aon or IPTA.