Insurance for Professionals
Up to $10M Professional Indemnity cover
Easy and professional claims process
Peace of mind with our Price Promise
Up to $10M Professional Indemnity cover
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Save Money
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Instant Cover
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What is insurance for professionals?
Insurance for professionals helps protect you from the cost of common risks, like errors in your work, damage to a client’s property, cyberattacks, and much more.
Clients rely on you for professional services and advice, but anything can happen when you’re running a business. A small mistake could lead to expensive legal bills, compensation costs, and other unplanned expenses that could shrink your bank account.
BizCover offers a range of insurance options for professional service providers, including accountants, management consultants, engineers, lawyers, public relations consultants, and many more!
Why do professionals need insurance?
Professional service providers may need business insurance to help them manage legal and financial consequences if their advice or services causes loss to a client.
Insurance may also be necessary to obtain a professional license, operate in Australia, and manage some unplanned expenses
Meet regulatory requirements
Enhance their credibility
Manage a cyberattack
Pay legal costs if you face a liability claim
Who needs professionals insurance?
Business insurance is essential for many types of professional businesses, including marketing consultants, lawyers, IT professionals and many more, like:
What types of insurance do professionals need?
We offer a range of cover options tailored to professional service providers. Mix and match policies to create a business insurance portfolio that fits your unique needs.
Common policies for professionals:
Professionals may also consider:
Let’s cover your small business on the go
Start a quote to see how much you can save and buy online in minutes.
How much does insurance cost for professional service providers?
The average cost of business insurance for professionals is $63 per month* with BizCover. However, the cost of your policies will depend on different factors, such as the cover you select, the services you provide and the size of your business.
Factors influencing cost
Risks of the industry
Cover level amount
Annual turnover
Number of employees
Claims history
*Customer Average Monthly Payment Report is based on 1 July 2023 to 30 June 2024 and presented as a guide only. It may not reflect pricing for your particular business, as individual criteria will apply.
Get cover that works with the risks of your business
Select different cover amounts for each policy listed below.
This is the most you will be paid out if you need to make a claim.
Unsure how much to choose? Think about:
Statutory Profession Requirements
Cover required by contracts
Number of employees being covered
Your contract value
Worst case scenario claim size
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to over yourself, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
Factors influencing cost
Risk of the industry
Cover level amount
Annual turnover
Number of employees
Claims history
Customer Average Monthly Payment Report is based on 1 July 2023 to 30 June 2024 and presented as a guide only. It may not reflect pricing for your particular business, as individual criteria will apply.
Get cover that works with the risks of your business
Select different cover amounts for each policy listed below.
This is the most you will be paid out if you need to make a claim.
Unsure how much to choose? Think about:
Statutory professional requirements
Cover required by contracts
Number of employees being covered
Your contract value
Worst case scenario claim size
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to over yourself, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
How It Works – Buying Online
5 easy steps to get instant cover online today
Select Profession
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Add Business Details
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Get Covered Online
5 Steps to get your biz insured:
- Enter Occupation
Search & select your occupation
- Choose Cover(s)
Select the cover you need
- Business Details
Tell us about your business
- Compare Quotes
Compare prices & select quotes
- Get Cover Today
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How To Make a Claim Online
We’ll assist you through the claims process & manage the claim directly with the insurer.
Let us know Fill out our
claims form and provide info
to support the claim
Receive extra support We
will assist you with your claim
Claim results We will notify
you of the claim outcome.
3 steps to get your biz insured:
- Let us know
Fill out our claims form and provide info to support the claim.
- Receive Extra Support
We’ll assist you with your claim.
- Claims Results
We’ll notify you of the claim outcome.
Award-Winning Tech & People
We’re not ones to blow our own trumpet, but we are pretty proud of our innovative insurance platform, outstanding team, and stellar workplace.
See How Much Others Have Saved By Purchasing a Policy Through BizCover
Colette
Disability Care Worker from
NSW
Saved
$1,200
on
Public Liability and Professional Indemnity insurance
Andrea
Beautician from
VIC
Saved
$1,500
on
Business insurance Pack and,
Public Liability and Professional Indemnity insurance
Deborah
Cleaner from
VIC
Saved
$3,600
on
Public Liability insurance
Lance
Electrician from
ACT
Saved
$800
on
Public Liability insurance
Stephen
IT Professional from
VIC
Saved
$1,500
on
Information Technology Liability insurance
Linda
Restaurant owner from
NSW
Saved
$1,000
on
Business Insurance Pack and
Public Liability insurance
^ Savings made from January 2024 to April 2025. This information is provided as a guide only and may not reflect pricing for your particular business, as individual underwriting criteria will apply.
Frequently asked questions
Insurance for professional services can cover a broad range of everyday risks. Depending on the types of cover and policies you choose, your professional services insurance may cover things such as:
- Professional negligence or breach of duty – If a client feels your work was not up to standard.
- Data breaches and cyberattacks – Managing costs after a cyber breach.
- Third-party injury and property damage – Covers legal fees and compensation payments
- Business interruptions – Funds to help cover lost income if an unplanned interruption means you cannot trade as normal
- Management liability risks – OHS breaches, unfair dismissal claims, defamation, and more.
- Legal costs and compensation – Covers costs such as court fees, settlements and judgements
Each professional and their business is different, with unique insurance needs. The most common types of insurance taken by professional services providers are Professional Indemnity and Public Liability insurance:
- Professional Indemnity insurance protects you against losses claimed by a third party due to alleged or actual negligence in your professional services or advice. Subject to applicable limits, your Professional Indemnity insurance will meet the associated compensation payable to a third party together with your defence costs (which can include legal costs, investigator costs and expert fees).
- Public Liability insurance is designed to provide protection for you and your business in the event a client, supplier or a member of the public is injured or sustains property damage as a result of your negligent business activities.
Cyber Liability insurance is a type of business insurance product which protects your business against both the legal costs and expenses (including compensation payments) related to cybercrime incidents.
Your coverage may generally include cover for expenses and legal costs relating to the following:
- Data breaches
- Theft or loss of client information
- Business interruption costs
- Forensic investigation
- Data recovery
- Extortion
- Fines and penalties
- Crisis management costs (to restore your businesses reputation after an attack or data breach)
Legal costs from any ensuing civil action taken against you or your company.
Hear from our customers
Looking for trusted small business insurance? This BizCover review shows how quick and easy it is to get covered online.
Have used BizCover years ago and found very easy to use. Just returned from overseas work so I am grateful BizCover is still here and straight-forward to work with.
Michelle
BizCover make business insurance so easy and the prices are amazing
Aaron
The online quoting and payment process is easy enough and the response time for call centre is impressive. I got clear answers over the call and happy to proceed with the policy.
Qin
Great experience doing insurance online. Very easy but still enough information to digest
Kavin
Fast process, visually appealing brief policy descriptions, great comparative tool for recommended policies.
Sharon
Real-life customer reviews verified by Feefo