1. FICPI Conference Insurance Sean Cray Regional Manager 26 July 2008

2. Professional Indemnity Insurance
Content
Part One
Professional Indemnity Insurance
Part Two
Incorporation and Insurance
Mark to introduce the topic with a progress update
Emphasis the use of talent outside the traditional back-office areas

3. Part One Professional Indemnity Insurance
IP Australia’s Proposal
What effect will it have
When will it be introduced

4. Professional Indemnity Insurance Continued…
Mandatory Insurance
Minimum Set Standards
What is appropriate / adequate cover

5. Professional Indemnity Insurance Continued…
Risk Profiling
Key Considerations
Limit of Indemnity
Excess
Coverage
Exclusions
Endorsements

6. Professional Indemnity Insurance Continued…
Insurers
What Insurers look for:
Good Risk Management
North American Exposure
Your Clients Industries

7. Professional Indemnity Insurance Continued…
Dual Insurance
Companies who already purchase PI for non patent work (i.e. Legal Practices).

8. Part Two Incorporation - Insurance needs
Basic Insurance needs
Why Insurance
Insurances to be considered
Professional Indemnity
Directors & Officers Liability / Management Liability

9. Other Insurance considerations
Key Person Insurance
Succession Planning

10. Questions