How Professional Indemnity Cover Protects Migration Agents

Working as a Registered Migration Agent can mean assisting clients in making one of the most important decisions of their lives: helping them migrate to Australia.
Do I really need Professional Indemnity Cover?
Taking out Professional Indemnity cover is not only a sensible professional decision, it’s also a legal requirement. Migration agents are required under the Migration Act to hold a Professional Indemnity policy which features at least $250,000 in coverage. Why? Because it protects you against claims from clients who allege you or your business did something wrong or failed to do what it said it would. You might have made a genuine mistake or you might have done nothing at all, but either way you could be facing a big bill. If this unfortunate situation arises you may have to hire lawyers and your business might be forced to pay your client compensation and its legal fees if you lose or settle the case.
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