The most common question that FD Beck is asked is “How much indemnity insurance do I need?” For a start, there are three questions to consider:
1. What would it cost to fix the problem? Remember, you client may not want you to solve the issue.
2. What’s the maximum compensation that could be awarded against you?
3. What are the potential legal cost to defend your business?
For the past 27 years Simon has enjoyed a career in the Insurance industry as both a broker and underwriter. Prior to being a director at FD Beck Simon had a successful 8‐year management career with one of the worlds largest general insurers, which saw him deal with and structure insurance programs for some of Australia’s largest insurance purchasers.
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