28/04/2021 – Limit of Indemnity vs Limit of Liability
The difference between limit of indemnity and limit of liability is puzzling. Let’s unpack the complexities using this simple scenario. ABC Pty Ltd entered into a contract with XYZ Pty Ltd. ABC is the client who have engaged XYZ for architectural services. XYZ have a $2 million limit of indemnity on their professional indemnity policy. […]
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