Press Release: Hutch launches new PI insurance

Hutch Underwriting Launches New Professional Indemnity Insurance with Integrated Cyber Coverage

[SYDNEY, NSW ] – Hutch Underwriting (Hutch), renowned for its innovative digital insurance solutions and exceptional broker service, is excited to announce the launch of its new Professional Indemnity insurance product. Available from Friday, 12th April, on Ebix Australia’s Sunrise Exchange under the product code HUTPI, this latest offering continues Hutch’s commitment to providing ‘The Clear Way to Better Cover’ for insurance brokers.

Hutch’s new Professional Indemnity suite is designed to cater to a broad spectrum of professions, including Accountants, Architects, Engineers, IT Consultants, and Real Estate professionals. The product uniquely combines Professional Indemnity (PI), Public Liability (PL), and a crucial cyber extension.

Hutch Underwriting sets itself apart through its service excellence. Its Ebix Sunrise Exchange integration allows brokers to quote, bind, and issue accounts in six minutes with no need for double keying and automated closings and invoices.

This commitment to quick service is further supported by one-business-day underwriter referral turnaround times, ensuring that brokers can address client queries and needs rapidly and efficiently. Online claims registration with instant acknowledgement completes the client’s journey.

Following their earlier products, Strata and Construction, Hutch is enhancing its new Professional Indemnity insurance with a cybercrime extension. This valuable addition covers up to $25,000 for loss of funds due to cybercrime and provides defence costs for liability claims resulting from the loss of personal information in a cyber breach. This feature is particularly essential when cyber threats are increasingly prevalent and can be devastating to businesses of all sizes.

“It’s survival of the quickest in the SME market” says Robin Johnson, CEO of Hutch Underwriting. “Everything else being equal, the best service wins out every time, and that’s why we’ve invested so heavily in tech to make our brokers lives easy – both in placement and in claims – so they can spend less time on admin and more time with their clients.”
Find Out More
Insurance brokers can find the new Professional Indemnity product on Ebix Sunrise Exchange by looking up the product code HUTPI. For more details on the coverage and how this can benefit your clients, please visit https://hutchunderwriting.com.au/professional-indemnity