Insurance for IT Professionals

... a claim. Insurance for IT Professionals Professional Indemnity* The IT world is a ... IT professionals cover a broad range of modalities, including: Information Technology (IT) Consultant Computer Consultant ...

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Who is Covered Under an IT Liability Policy?

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What is Professional Indemnity Insurance?

... debut in front of the judge, make sure it's not costing you an arm and a leg! Do I really need Professional Indemnity Insurance? If you're getting paid for your professional advice or opinion then you need to make ...

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Misconceptions Around Professional Indemnity Insurance

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Professional Indemnity Insurance for Civil Engineers

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Professional Indemnity Insurance for Consultants

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The difference between Public Liability and Professional Indemnity insurance

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Additional Cover for Professional Indemnity Insurance

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Insurance for Professionals

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What are some types of insurance available for small businesses?

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Business Insurance Guide for the Self-Employed - Part 2

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A Broker Divided - Is BizCover's Michael Gottlieb a Threat to Broking or its Future?

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7 Types of Insurance Your Small Business Should Consider

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Insurance for Project Managers

... It is designed to respond to claims against your business for losses arising as a result of actual or alleged negligent acts or omissions in the provision of your professional consulting service or advice. PI Insurance ...

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A Mumpreneurs Guide to Understanding Business Insurance

The art of juggling parenthood while running your own business is anything but an easy feat. Theres always something screaming for your attention, from managing client ... that typically take out Professional Indemnity insurance may include: Accountants Medical professionals Architects Marketing specialists IT professionals Various types of consultants Indeed, for many ...

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Information Technology Liability Insurance

... a snapshot of what Professional Indemnity and Public and Products Liability insurance provide cover for. Professional Indemnity insurance Professional Indemnity insurance secures IT professionals and their businesses ...

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Scams & Cybercrime at Tax Time

It's that time of the year ... time for small businesses, but it is the prime time for ... ... you manage your own IT systems or do you outsource it to a professional IT consultant or company? What security ... than cure, and that's where Cyber Liability insurance can be a valuable tool in protecting your business ...

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What Limit of Professional Indemnity Insurance Do I Need?

... consumers is 'What limit of Professional Indemnity insurance do I need?' While this ... you belong to a professional association, it is always ... when selecting an appropriate limit of Professional Indemnity Insurance. Defence Costs When considering what limit of Professional Indemnity Insurance will be adequate, it is important to take into account ...

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How Does Professional Indemnity Insurance Benefit You?

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Professional Indemnity Insurance 101: For Allied Health Professionals

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Sometimes Professional Indemnity Insurance is Needed

Professional indemnity insurance is handcrafted to provide coverage ... the policy holder due to professional carelessness or accusations. Sometimes ... that any potential policy holder needs to consider when deciding upon whether or not they should buy professional indemnity insurance is the potential financial loss that can occur as a result of legal fees whether or ...

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Do I need Professional Indemnity insurance?

... of mind knowing you'll still have a business when it's all over. What does Professional Indemnity Insurance cover? Professional Indemnity insurance typically foots the bill for things like: Legal and defence ...

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How the cost of Professional Indemnity insurance is calculated

... how the cost of a Professional Indemnity (PI) insurance policy is calculated and why ... that impact the cost of Professional Indemnity insurance. Insurance Ever wondered how the cost of a Professional Indemnity (PI) insurance policy is calculated and why one profession ... idea of how much your insurance is actually going to cost.  However, it's important to note that the ...

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Professional Indemnity for Real Estate Agents

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Professional Indemnity PPC Landing Page

Why do I need Professional Indemnity Insurance? Nobody is perfect, and we all make mistakes (even professionals!). That's why it's called 'Professional' Indemnity insurance, or PI. It's designed to protect people ...

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Professional Indemnity

... operators . Professional Indemnity (PI) insurance* is an important form of protection for businesses that provide specialist services or professional advice. It is designed to respond to claims against your ...

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Professional Indemnity Claims: when should I notify my insurer?

Your Professional Indemnity (PI) insurance is no doubt one of ... 't quite go to plan it can provide much needed financial ... against your business Your Professional Indemnity (PI) insurance is no doubt one of the most vital covers you have for your business. If things don't quite go to plan it can provide much needed financial assistance for legal and ...

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Top 5 Reasons for Having Professional Indemnity and Public Liability Insurance

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Professional Attire Insurance

... of the Village People? There's now a revolutionary solution; Professional Attire Insurance, that covers you for any damage to your professional uniform, offering a rapid replacement service for any stain, torn or ...

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A Guide to PI Insurance

... Professional Indemnity Insurance simple (also known as errors and omissions insurance, PI or Professional Indemnity). What is Professional ... as errors and omissions insurance, PI or Professional Indemnity). What is Professional Indemnity Insurance? Professional Indemnity Insurance is a form of business insurance for professionals who are in industries ...

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Insurance for Pet Professionals

... negligent business activities. Professional Indemnity When it comes to providing professional advice and services ... errors in your professional services or advice.  Your Professional Indemnity insurance will meet the ...

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Insurance for Architects

... Indemnity claim. Thankfully, Professional Indemnity insurance is designed to provide your business with a solid plan. It helps protect businesses and individuals that provide specialist services or professional ...

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Insurance for Disability Workers

... What does it  cover? A Disability Support Worker's insurance package includes Professional Indemnity* and Public Liability* insurance. Professional Indemnity* An important form of insurance that is ...

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Insurance for Yoga Teachers

... as the teacher who will be held liable. That's why Professional Indemnity Insurance is an important form of cover for Yoga teachers. It helps respond to claims against you or your business for losses incurred ...

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Insurance for martial art teachers

... being made against you . Having Professional Indemnity insurance can help you respond to ... a result of your negligent business activities. It can provide protection for a variety of incidents ...

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Insurance for Nurses

... policy there is no guarantee that you will be given enough protection. Holding your own Professional Indemnity Insurance (PI) policy is the best way to ensure you are fully covered against financial loss for any ...

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Insurance for Civil Engineers- what you need to know

... , so it's important to think about what kinds of business insurance coverage ... you may need to help ensure it is ... ... selected by professionals, including civil engineers. Professional Indemnity (PI) insurance* is an important form of protection for businesses that provide specialist services or professional advice. It is designed ...

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What are the Insurance Options for Land Surveyors?

... yourself and your company with insurance is a smart investment. Land ... ... it's vital for them to protect their best interests with some sort of insurance protection. There are multiple types of insurance ... their rights, Professional Indemnity Insurance can be crucial. PI insurance is designed ...

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Understanding Insurance for Graphic Designers

... job but like other professions, it has its own risks. Some you ... and have high expectations when it comes to you delivering on ... , that ... is an important coverage to consider. Professional Indemnity (PI) insurance is a form of protection for businesses that provide specialist services or professional advice.  It is designed to respond to claims ...

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Understanding Insurance for Interior Designers

... , you are an expert when it comes to making a house ... creative flair. Like any profession, it isn't one without risks ... where having the right ... can help protect your business. Professional Indemnity (PI) insurance is an important form of protection for interior designers to look at .  It is designed to respond to claims against your business ...

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7 Surprising ways business insurance can help your company

... your business insurance may feel like an overwhelming task, it is a ... ... may need to consider: Professional Indemnity insurance * – If your business involves providing professional advice and services then Professional Indemnity insurance is a no-brainer. It is designed to ...

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Insurance for Accountants

... a minimum of $2million in professional indemnity cover We know, sometimes you just want a quick idea of how much your insurance is actually going to cost.  However, it's important to note that the ...

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Keep calm and stretch on with Yoga Teacher insurance

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Understanding Insurance for Real Estate Agents

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Insurance for pharmacy and pharmacists

... . It provides cover against losses claimed by a third party due to alleged or actual negligence or errors in your professional pharmac y services or advice.  Your Professional Indemnity insurance will ...

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Understanding Insurance for Mortgage Brokers

... the appropriate types of business insurance. [] ... from the delivery of your professional service.  Professional Indemnity insurance will also assist with ... you make it all happen without your business assets? Business Insurance is an insurance package designed to ...

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Insurance Considerations for Personal Trainers

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Insurance for architects- the blueprint to success

... is an exciting one, yet it's not one without risk. From ... ... , each with their own Architects Act and registration boards . And with that comes varying Professional Indemnity insurance requirements. It's important to make sure you have, at the very least, the minimum amount of ...

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5 Questions to ask yourself before buying Insurance for your Small Business

Know you need business insurance but aren't sure how ... while and looking to buy insurance for the first time; there ... ... of what your risks are and what you need to protect, it's time to look at the types of policies you need to ... a minimum level of Public Liability or Professional Indemnity insurance however, you may decide that you need ...

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Insurance for makeup artists

... cover to protect you and your business. Insurance for Makeup Artists Professional Indemnity Insurance* As a makeup artist you're an expert when it comes to all things lashes, brows and blushes ...

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Small Business Insurance Index

... price increases in the business insurance market, SMEs are continuing to ... the cost of business insurance, the BizCover SME Insurance Price ... minimal. SME Professional Indemnity insurance prices have also ... Professional Indemnity market. Michael Gottlieb, CEO of BizCover, sees no immediate changes for SMEs, commenting “SMEs face significant pressure when it ...

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6 Areas You May Not Have Thought Business Insurance Covers

... business is your livelihood. So it's vital to protect your business ... ... do it. BizCover offers a range of insurance solutions to protect your business. You can tailor a policy to suit your needs and include other essential covers such as Public Liability and Professional Indemnity ...

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BizCover SME Insurance Price Index Q1 FY21

... clients buck the trend of insurance price hikes. Whilst the Australian ... the availability and pricing of insurance for SMEs, BizCover can report ... its platform are benefitting from a continued period of steady pricing for their insurance with the release of the BizCover SME Insurance ... prices quarter on quarter for Professional Indemnity insurance. The one area that ...

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Insurance for Bookkeepers & BAS Agents

... it simple with direct quote comparisons delivered in seconds. From 1st July, 2011, the Tax Practitioners Board required Bookkeepers and BAS Agents to have Professional Indemnity (PI) insurance. Professional Indemnity ...

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Insurance for Registered Migration Agents

... PI Insurance also helps with the costs associated with responding to or managing claims covered by your policy. Tip: Migration Alliance members receive a discount of on Professional Indemnity ... revenue while it is of ...

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Insurance for Nurses

... Australia has set minimum requirements for Professional Indemnity Insurance (PI) for all enrolled nurses, registered ... by your . Another benefit of Professional Indemnity insurance is that it can assist you if you are ...

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Understanding Insurance for Physiotherapists

Your clients rely on your expert advice and services as a physiotherapist. You help ease their aches and pains from minor sprains to long-term rehabilitation programs ... provide vital protection , it is a registration requirement for physiotherapists practi s ing within Australia. Professional Indemnity (PI) insurance is designed to respond to claims against your ...

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Insurance for Psychologists

... may be able to assist you. Professional Indemnity insurance is there to give you peace of mind if claims arise as a result of your professional psychology service. It is designed to respond to claims against ...

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Insurance for Finance & Mortgage Brokers

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Insurance for Massage & Alternative Therapies

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Insurance for Real Estate Agents

... reputation doesn't go under the hammer should something go wrong. That's where Professional Indemnity Insurance comes in. It is designed to respond to claims against your business for losses as a result of ...

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Insurance for Personal Trainers

... can be thrown around, and claims are made, whether right or wrong. Professional Indemnity Insurance * is designed to have your back. It protects your business from losses incurred as a result of claims of actual ...

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Beauty to go! What Mobile make-up artists need to know about insurance

There are some obvious pros to working as a mobile freelance make-up artist - you have control over the hours you work, you get to work with a wide range of clientele ... , let's look at the various forms of insurance mobile makeup artists should consider for their business… Professional Indemnity Insurance You're an expert when it comes to creating that perfect look and style. Your ...

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How to Become a Professional Land Surveyor in Australia

Land surveying is the science, technique and profession that goes into a wide variety of tasks including planning and designing new or existing structures, construction ... a unique field of study as it combines maths, geography, and IT into one job that allows you to ... requirements. Land Surveyor insurance should also be considered and this may include professional indemnity insurance .

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Insurance for Consultants

... may affect your personal assets if things go wrong. Insurance for Consultants Professional Indemnity* There are literally hundreds of different consulting professions, yet all are required to provide a ...

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Insurance for Social Workers

... Indemnity insurance comes into play. Professional Indemnity insurance* is an important form of protection for businesses that provide specialist services or professional advice. It is designed to respond to ...

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Allied Health Combined Liability Insurance

... with clients, so it makes sense to protect against both kinds of risks. The Allied Health Combined Liability insurance product includes protection for Professional Indemnity and Public Liability insurance* and is ...

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Insurance for Engineers

... don't go to plan. It protects you against losses claimed against you due to alleged or actual negligence or errors in your professional services or advice. Your Professional Indemnity insurance will pay compensation to a ...

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Insurance for Civil Engineers

... having high expectations when it comes to your professional advice and services. This is where Professional Indemnity insurance becomes vital to you and your business. Professional Indemnity insurance is an important ...

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Business Insurance Guide for the Self-Employed - Part 3

... in the world of business insurance, it can feel like you're ... guide on all things Business Insurance for the self-employed. In ... back to basics ... Losses beyond the indemnity period Voluntary closures ... Insurance covers a business for specified costs if the ATO selects it for auditing. The policy covers the costs of accountants and other professional ...

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BizInsure Capitalizes on the Paradigm Shift in Commercial Insurance!

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The Remaining Risk: What Isn't Covered and Why it Matters

... most common issues with Business Insurance is that policy owners often ... fail to understand what it does protect you against, and ... (that's ... s in your policy is great (that's why you bought it, right?), but being aware of what isn't covered should ... handy. For example, if you purchase Professional Indemnity (PI) insurance you should know that you're covered ...

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Insurance for Allied Health Professionals

... claimed by a third party due to alleged or actual negligence in your professional services or advice.  Your Professional Indemnity insurance will meet the associated compensation payable to the third party together with ...

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PI Index: Premiums Decline 10 Straight Quarters

Business Insurance Premiums Decline 10 Straight Quarters, ... healthy competition in the business insurance market. The BizCover Small Business ... ... quarters.” The combined PI&PL market, which is largely dominated by IT and allied health, experienced ... an example, the cost of Professional indemnity insurance for some Allied Health professionals can be as low as $20 ...

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5 Tips for an Insurance Health Check

If your insurance is due for renewal or ... , it's worth taking time to do a health check of your insurance ... ... general review of your business, it's worth taking time to do a health check of your insurance to ensure that if the unthinkable ... you may want to increase your Professional Indemnity insurance. Also, consider any new ...

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Social Media Insurance

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Things you didn't know about small business insurance

Getting the insurance sorted for your small business ... , compare quotes and buy the insurance that suits your business. But ... not know about small ... you work from home, your home and contents insurance policy might not cover all the liabilities related to ... to have Professional Indemnity cover. Make sure your policy stays relevant and on the move It's wise to ...

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Small Business Insurance Index Q2: 5 point increase, largest in 10 quarters

The Quarterly BizCover Small Business Insurance Index has shown that Australian ... enjoyed the end of declining insurance premiums with an increase ... ) increasing 4 points. It seems the hardest hit occupation was the retail trade sector including restaurants, cafes, stores etc which saw premium rates increase 10%. Professional Indemnity have just normalised back ...

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Finding the Right Business Insurance Can Be Hard but BizCover Makes it Easy

... . If you run a business, it is absolutely essential that you ... and your assets with business insurance. However, figuring out exactly what ... ... liability, professional indemnity , cyber liability, business interruption and tax audit insurance . In ... choosing BizCover , where insurance is made easy. …Or as some might say, it’s made too easy. ...

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Management Liability Insurance

... itself from the many exposures relating to the management of a company. Think of it like this: where Professional Indemnity insurance covers the advice or service you provide to your clients, Management Liability ...

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Insurance Premiums for Retailers Continue to Climb

Insurance Premiums for Retailers Continue to ... The latest BizCover Small Business Insurance Price Index has been released ... an increase in small ... Insurance Price Index (Financial Year 2017 2nd Quarter) There was no change in the Professional Indemnity ... financial results. With overall competition and capacity as it is, it is unlikely that they will be able to do ...

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STABLE INSURANCE RATES A REASSURANCE FOR SMEs

BizCover's SME Insurance Price Index has unveiled a ... the COVID-19 pandemic with insurance rates remaining flat for a ... acquired from BizCover's ... segments. Prices for insurance across its Professionals industry segment showed marginal ... by increases in the cost of Public Liability and Professional Indemnity in other industries,” he said. BizCover's index ...

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Dishing up the facts on food business insurance

... you have the right business insurance. When it comes to insuring your ... small food business, sometimes it can feel like there is ... ... damage caused by fire, storm or other perils. You can rest easy at night with Business Interruption insurance. It provides cover for loss of income and the increased costs of running your business when you are ...

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Get instant quotes

Why do IT professionals need it?

Just because you’re busy programming, coding, testing, debugging or doing other techy stuff doesn’t mean you can’t get the right insurance. Being the IT person that you are, we don’t need to convince you that getting multiple quotes online, in minutes, is the quickest and most efficient way to secure great insurance cover for your business.

Did you know?

The nature of work undertaken by some IT professionals means the difference between a public or professional indemnity claim can be difficult to determine.  BizCover is able to offer a liability package with combined Professional Indemnity and Public Liability insurance from the same insurer.  That way, there can be no dispute between insurers as to which policy should respond to a claim.

Insurance for IT Professionals

Professional Indemnity*

The IT world is a fast-changing environment, and whether you’re involved in project management, development, testing or analysing systems this kind of work can be risky business. Does your software code contain errors?   Was there a loss of documents or data as a result of your negligence? As the saying goes, the problem with troubleshooting is that trouble shoots back.

Professional Indemnity insurance provides much-needed financial protection for a wide variety of IT professions. It secures IT professionals and their businesses against claims against them for potential losses arising out of actual or alleged negligent acts or omissions in the provision of professional services or advice.  For claims covered by the policy, it does this by paying compensation due to the third party, together with assisting with defence costs (these are the reasonable costs incurred in investigating and defending a covered claim, including legal fees, expert fees and court costs). It is also becoming a more common requirement for independent contractors to hold and maintain their own Professional Indemnity insurance policies.

Public Liability Insurance*

Chances are you spend most of your time visiting your client’s offices. Public Liability insurance is designed to provide protection for you and your IT business in the event a customer, supplier or a member of the public is injured or sustains property damage as a result of your negligent business activities.

Business Insurance*

If any of the following circumstances relate to your business then you should consider Business Insurance to provide additional protection:

Cyber Insurance*

Consider the client information or data you may be storing. Do you have plan if your systems suffer a data breach, are hacked or subject to ransomware attack?  Perhaps you should consider if Cyber Liability insurance is right for your business. A cyber liability insurance policy is designed to help protect you from claims and support your profitability in the event of a cyber breach or attack. Costs associated with defending a cyber claim are also covered.  Examples of the types of risks Cyber Liability insurance can assist with are inadvertent loss or release of customer personal information, cyber crime, cyber extortion/ransomware and business interruption due to a cyber event.

 

*As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy document. The information contained on this webpage is general only and should not be relied upon as advice.

The wrong advice

An IT contractor was engaged to recommend and provide a management system for professional services client.

There were a number of problems with the system including crashes and loss of company and customer data. The client lodged a claim against the IT contractor for breach of contract and compensation for damages due to the lost data and loss of revenue whilst the client was unable to service his customers.

IT professionals cover a broad range of modalities, including: