Insurance for architects- the blueprint to success

The career of an architect is an exciting one, yet ... ... regulated by eight states and territories, 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 ...

read more

Business Insurance Guide for the Self-Employed - Part 2

Navigating the world of business insurance can be confusing which is ... created a guide to business insurance for the self-employed that ... the ins ... Professional Indemnity insurance is an important form of protection for businesses that provide specialist services or professional advice.  Some of these types of professions include accountants, architects ...

read more

What are some types of insurance available for small businesses?

... consideration is getting your business insurance sorted. There are many kinds ... it comes to getting your insurance sorted because no two businesses ... Professional Indemnity insurance* If your business delivers professional services or advice, then Professional Indemnity insurance is a business insurance to consider. Professional Indemnity (PI) insurance ...

read more

7 Types of Insurance Your Small Business Should Consider

... is Small Business Insurance. But what kind of insurance do you actually ... ... then Professional Indemnity (PI) Insurance is a must have. It protects professionals against ... Professional Indemnity Insurance is applicable to many professions, such as chiropractors, consultants, engineers, architects ...

read more

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 ... professions that typically take out Professional Indemnity insurance may include: Accountants Medical professionals Architects Marketing specialists IT professionals Various types of consultants Indeed ...

read more

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 ... use this data to advise and inform engineers, architects, geologists, developers, and town planners on how ... . Land Surveyor insurance should also be considered and this may include professional indemnity insurance .

read more

Small Business Insurance: Why you might want to ensure you're covered!

Running a business can be rewarding, challenging but also stressful. While you will are taking control of your earning potential and the upside can be great, there are ... 'll find certain types of insurance is required. For example you'll find Professional Indemnity is comp ulsory for finance and mortgage brokers, real estate agents, architects/draftsmen, bookkeepers and agents - so ...

read more

What is the Job of a Land Surveyor?

If you consider yourself a problem-solving ninja, are strong with technology, have a good foundation of mathematics and science, and enjoy working outdoors, you'll find ... Today's land surveyor works with geologists, architects, government agencies, engineers and builders to ... Insurance for land surveyor options are also available through BizCover, including professional indemnity insurance ...

read more

Why Land Surveying is an Important Career

What began nearly 3,000 years ago during the rise of the Egyptian pyramids and introduction of infrastructure has grown into one of the most crucial career paths across ... The data gathered by land surveyors is sent to architects, engineers, and other developers who design the ... countries. Insurance for land surveyors is also available, including professional indemnity . When ...

read more

A roadmap to staying in business for the long haul: Part 2

The journey to becoming a successful small business owner is one of twists, turns and the occasional speed bump. In our two-part series (catch up on part 1 here) we ... is unpredictable and regardless of whether you are a mechanic or an architect, curveballs can be thrown in the way. Having business insurance in place to protect your business from unexpected challenges is a wise ...

read more

Help Protect your small business' reputation

When it comes to running a small business, your brand and its reputation are priceless. No doubt you've spent countless hours establishing your name by building strong ... the line. Here are a few to consider: Professional Indemnity Insurance If your business provides a professional service or advice, such as an accountant, architect, real estate agent or beauty therapist, you have ...

read more

Taking the W: The Art of Celebrating a Win

In the insurance world, we focus on loss ... ... are what you want them to be. If you're an architect, it might be coming up with an elusive design solution. ... t always focus on the negatives. In fact, we see insurance as a hugely positive part of your business plan. But ...

read more

The difference between Public Liability and Professional Indemnity insurance

... most common types of business insurance, but do you really know ... . What is Public Liability insurance*? Public Liability Insurance is designed ... th e n this is an important form of cover to consider. What is Professional Indemnity insurance * ? Professional Indemnity protects you against losses claimed by a third – party due to alleged or ...

read more

Professional Indemnity Insurance for Civil Engineers

... your pearls of wisdom and professional services. Like any profession there ... providing your services. As a professional, considering Professional ... of structures typically used by the general public. What is Professional Indemnity insurance? Professional Indemnity (PI) insurance* is an important form of protection for businesses that provide specialist ...

read more

What Limit of Professional Indemnity Insurance Do I Need?

... consumers is 'What limit of Professional Indemnity insurance do I need?' While this ... . If you belong to a professional association, it is always ... ; some provide Defence Costs in addition to the limit of Professional Indemnity insurance . You need to ensure your limit of Professional Indemnity Insurance is adequate to encompass both the claim and the costs in ...

read more

How Does Professional Indemnity Insurance Benefit You?

If you are a professional and have your own company, ... also be referred to as professional indemnity insurance. Professionals are expected to possess ... own company, then it is advisable that you have professional insurance, which can also be referred to as professional indemnity insurance . Professionals are expected to possess extensive technical knowledge in their ...

read more

Misconceptions Around Professional Indemnity Insurance

... misconception is that the claims professional indemnity insurance covers are only the experiences ... ... the word can spread like wildfire over the internet and community. This is where the value of professional indemnity insurance can be recognized. If you were somehow involved in consulting or advising a client and they ...

read more

Professional Indemnity Insurance 101: For Allied Health Professionals

... to protect yourself is with professional indemnity insurance. This type of policy provides ... ... essential their lives are also properly protected. One of the best ways to protect yourself is with professional indemnity insurance . This type of policy provides cover for people who risk legal action as a result of ...

read more

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 ...

read more

Professional Indemnity Insurance for Consultants

A large number of people that start businesses, in Australia have been experiencing a steady growth in business for the past few years. One area that is growing in magnitude ... a very safe option to assure you are covered in the event that someone files suit against you. Professional Indemnity Insurance works by insuring you the cost of a claim made that is equal to your client's monetary loss ...

read more

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 can often cost more than another? We look some of the key factors that that impact the cost of ...

read more

Additional Cover for Professional Indemnity Insurance

... Fernando for his certificates of insurance - it's just part ... is not only insured with professional indemnity, but also with the additional .. ... expect his business to be covered by professional indemnity insurance to ensure there is cover in place ... damage, it is vulnerable to costly legal action. PI Insurance protects small businesses from this type of action. ...

read more

Professional Indemnity for Real Estate Agents

... In the Real Estate Industry Professional Indemnity Insurance provides essential financial protection against ... acts, errors and omissions from professional ... licenses under the Property, Stock and Business Agents Act 2002 hold a minimum of $1 million Professional Indemnity Insurance with a number of set policy inclusions. 1 Even with this requirement, it is worthwhile ...

read more

Professional Indemnity Claims: when should I notify my insurer?

Your Professional Indemnity (PI) insurance is no doubt one of ... against your business. Like all insurance policies, there are several important .. 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 ...

read more

Top 5 Reasons for Having Professional Indemnity and Public Liability Insurance

... should hold and maintain Professional Indemnity and Public Liability insurance. #1 Protection against ... claims of negligence, malpractice and ... membership requirement As a practicing full member of the NHAA you must hold a current Professional Indemnity insurance policy in the appropriate modality/modalities, with a minimum of $2 million coverage (each claim ...

read more

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 ...

read more

What are the Insurance Options for Land Surveyors?

... yourself and your company with insurance is a smart investment. Land ... ... and ensure the land surveyor has the legal support required to defend their rights, Professional Indemnity Insurance can be crucial. PI insurance is designed to respond to claims against your business for losses as a ...

read more

Insurance for Civil Engineers- what you need to know

... about what kinds of business insurance coverage you may need to ... ... your business. Professional Indemnity insurance Professional Indemnity insurance is a type of insurance coverage selected by professionals, including civil engineers. Professional Indemnity (PI) insurance* is ...

read more

Understanding Insurance for Graphic Designers

... , that's when your business insurance comes into play. We've ... ... of an unhappy client making a claim. This is why Professional Indemnity insurance is an important coverage to consider. Professional Indemnity (PI) insurance is a form of protection for businesses that provide ...

read more

Understanding Insurance for Interior Designers

... where having the right business insurance in place is vital. Let ... and outs of how business insurance can protect your interior design ... ... to make a claim . In scenarios like these, Professional Indemnity insurance can help protect your business. Professional Indemnity (PI) insurance is an important form of protection for interior designers ...

read more

7 Surprising ways business insurance can help your company

... of sorting out your business insurance may feel like an overwhelming ... ... company itself from the many exposures relating to the management of a company. While Professional Indemnity insurance provides cover in relation to the advice and services you provide to your clients ...

read more

Keep calm and stretch on with Yoga Teacher insurance

... of arranging your yoga teacher insurance go. As a yogi or ... business. Let us centre your insurance chakra by exploring some of ... ... the teacher who will be held liable. So don't leave it up to chance and consider Professional Indemnity insurance to protect you and your business. What it typically covers? The financial consequences of negligent ...

read more

Understanding Insurance for Real Estate Agents

... without its risks. From providing professional advice to storing sensitive client ... consider the appropriate kinds of insurance you may require ... property journey , and no matter how much car e you may take mistakes can still occur. Professional Indemnity insurance  is designed to respond to claims against your business for losses as a result of actual ...

read more

Understanding Insurance for Mortgage Brokers

... the appropriate types of business insurance. [] ... as a result of your actual or alleged negligence from the delivery of your professional service.  Professional Indemnity insurance will also assist with the legal costs associated with responding to or managing ...

read more

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 ... over the last few years, however this year the increases were minimal. SME Professional Indemnity insurance prices have also remained flat over the last 10 quarters, this is contrary to what is happening in the broader ...

read more

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 ... ... property damage to 3 rd parties due to your business activities Professional Indemnity insurance protects businesses that provide a professional service or give specialist advice against financial losses for legal ...

read more

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 ... were also able to capitalise on a 1.3% decrease in prices quarter on quarter for Professional Indemnity insurance. The one area that has seen ongoing fluctuations and an increase in prices this quarter is in ...

read more

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 ... , it is a registration requirement for physiotherapists practi s ing within Australia. Professional Indemnity (PI) insurance is designed to respond to claims against your business for losses as a ...

read more

Insurance Considerations for Personal Trainers

Working as a personal trainer can be a rewarding career. Not only do you get to help your clients achieve their goals and transform their lifestyles, but it's also the ... were to go wrong because of this advice. To cover yourself against this risk you should consider Professional Indemnity Insurance, which can help protect you for any claims that may arise due to any advice that you ...

read more

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 ... without one. So, 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 ...

read more

6 Areas You May Not Have Thought Business Insurance Covers

Your business is your livelihood. So it's vital to protect your business assets and revenue against potential risks that may impact your business, such as fire, storms ... a policy to suit your needs and include other essential covers such as Public Liability and Professional Indemnity insurance to ensure you are not left financially responsible for the costs of a legal claim should ...

read more

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 ... ... rates over the next few quarters.” The combined PI&PL market, which is largely dominated by IT and ... As an example, the cost of Professional indemnity insurance for some Allied Health professionals can be as low as $20 ...

read more

5 Tips for an Insurance Health Check

If your insurance is due for renewal or ... a health check of your insurance to ensure that if the ... ... extra responsibilities in the service or advice you provide, you may want to increase your Professional Indemnity insurance. Also, consider any new contracts you may enter into or updates to legislative requirements that ...

read more

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 ... have a million dollar claim. However your business insurance may cover personal items If you have cover for ... , they may require you to have Professional Indemnity cover. Make sure your policy stays ...

read more

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 ... the first increase seen in 10 quarters. This brings the insurance rates back to the same level as Q4 2013/14 ( ... etc which saw premium rates increase 10%. Professional Indemnity have just normalised back to the average ...

read more


BizCover's SME Insurance Price Index has unveiled a ... the COVID-19 pandemic with insurance rates remaining flat for a ... acquired from BizCover's ... ,” he said. “Key sections of business pack insurance that are frequently used by retailers such Contents, ... increases in the cost of Public Liability and Professional Indemnity in other industries,” he said. BizCover's ...

read more

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 ... increase however is not universal. Graph 1 – BizCover Insurance Price Index (Financial Year 2017 2nd Quarter) There was no change in the Professional Indemnity sector, but the index for Public Liability and ...

read more

BizInsure Capitalizes on the Paradigm Shift in Commercial Insurance!

... leading-edge online insurance model that connects independent professionals and small ... businesses to critical Professional Liability (E ... Woodruff-Sawyer & Co. (WS&Co.) and BizCover Pty Ltd (BizCover). This alliance combines experienced insurance professionals and cutting-edge technology to meet the specific needs of small to midsized businesses and ...

read more

The Risky Business of Insurance

What are the Real Costs to Australian Small Business? Small business owners tend to be juggling many balls - managing clients, cash flow, staff, stock and future planning ... Professional Indemnity ... - protects against losses for any legal action taken against your business for advice or services you have provided. All businesses providing advice should have PI Business Insurance ...

read more

5 Common Beauty Insurance Claims

As much as we like to hope otherwise, unexpected events happen! Things can go dreadfully wrong despite the best efforts we take to prevent them and the simplest of ... including defence costs which were paid under her Professional Indemnity policy. Back in business Have you ever ... against them by making sure you have the right insurance policies in place. It's also a wise idea ...

read more

Business Insurance Guide for the Self-Employed - Part 3

... in the world of business insurance, it can feel like you ... guide on all things Business Insurance for the self-employed. In ... back to basics ... Losses beyond the indemnity period Voluntary closures ... insurance comes into play. What is typically included?* Accountants fees Tax agent fees Limited other professional's ...

read more

Business Interruption Insurance: Your 'Get Out of Jail Free' Card

... 'lock up' operations. Business interruption insurance can provide both peace of ... ... Records – This will cover the clerical and professional costs involved in re-writing necessary business ' ... plan - a plan that should include both a broader insurance package and (crucially!) a clear guideline for how your ...

read more

BizCover Disrupts Insurance by Commoditising it

... the BRW article. Self-proclaimed insurance industry disrupter BizCover is trying ... by letting newcomers to the insurance sector, such as Coles ... claims to have “broken the mould” by making commercial insurance a more commoditised product. It's a live experiment in whether labour-intensive professional services firms can develop a highly scalable, repeatable and ...

read more

Small Business Insurance Price Index Q3

Insurers hold on to SME Insurance Premium Price Increases! Despite a ... BizCover Small Business Insurance Price Index has shown insurance rates ... have managed to hold the rates increases from last quarter in the retail sector. Insurance pricing to the professional sector saw no significant changes over the quarter. Michael Gottlieb, Managing Director of ...

read more

What Tradies Need to Know About Public Liability Insurance

... the most common types of insurances for tradies, but do you ... and outs of Public Liability insurance and what you need to ... . So what is Public ... does Public Liability insurance typically not cover? Injuries to your employees Damage to your own property Costs of rectifying faulty workmanship Professional negligence Contractual ...

read more

Business Insurance Guide for the Self-Employed - Part 4

... piece of our Business Insurance for the self-employed ... Accident and Illness insurance and Cyber Liability insurance. We share ... is Personal ... criminal or caused by you Alcohol or drugs Professional sports Motor sports Why do self-employed workers need to consider Personal Accident and Illness insurance? When you are working for yourself, your ...

read more

Business Insurance Guide for the Self-Employed - Part 1

... are a variety of business insurance [] ... rectifying faulty workmanship Professional negligence Contractual liability ... Market stall-holders – A minimum level of Public Liability insurance is often required when having a stall at a market. ...

read more

5 Surprising Things Business Insurance Can Cover

When looking for Business Insurance, most small business owners typically ... ... or Territory department, body or agency, including professional fees for bookkeepers, accountants, lawyers and other associated costs. Every business has different insurance needs depending on the industry you operate ...

read more

BizCover SME Insurance Price Index Q1 FY20

... and professionals have seen material price reductions on their Public Liability insurance ... ... across all products, driven by both a 5% (Retail) and 13% decrease (Professionals) in the price of their Public Liability insurance for the most recent quarter. This contradicts the steady industry increases we have seen ...

read more

BizCover SME Insurance Price Index Q2 FY20

More larger businesses with simple insurance needs are using BizCover for ... their insurance, while smaller businesses benefit from ... this quarter ... revenue have benefited from stable, competitive prices overall. The BizCover SME Insurance Index is comprised of three industry groups, Professionals, Trades & Services and Retail & Hospitality. Whilst all three groups ...

read more

Insurance for Furniture Manufacturers

... wrong. This is where business insurance comes into play and should ... . The process of arranging your insurance can feel overwhelming at times . ... running , so without your business assets, how are you going to earn an income? Having suitable business insurance in place can help safeguard your business for when things don't go to plan and for when ...

read more

Legal Requirement for Public Liability Insurance

Public liability insurance covers your business for losses ... . Failure in obtaining public liability insurance policy can expose a business ... ... damage to a third party as a result of your business' activities. Failure in obtaining public liability insurance policy can expose a business to a range of risks. As a business, you will inevitably have interactions ...

read more

iSelect partners with BizCover to launch business insurance comparison

... expanded their general insurance offering to include business insurance, through a partnership ... , Australia's leading small business insurance ... with one of BizCover's trained consultants. Mark Pangrazio, iSelect's Head of Commercial for Health & General Insurance, said the company was thrilled to be partnering with BizCover to assist it in focusing on the SME ...

read more

A guide to Plasterer's insurance that won't leave you, board

... by not having the right insurance in place? Read on to ... ... victim and still be able to survive financially? Many contracts will require you to have your own Public Liability insurance before you even step foot on site. Make you sure you arrange your cover with the right limits ...

read more

Dishing up the facts on food business insurance

... you have the right business insurance. When it comes to insuring ... ... can do to help prevent your business from crumbling if a disaster was to strike? Fortunately, there's an insurance policy for that! With a whole menu full of cover for your business, you can find protection for your ...

read more

Public Liability Insurance for Cabinet Makers

... the right kind of business insurances in place. Regardless [] ... ... contract or as a condition of entry to a worksite. If so, make sure you have your Public Liability insurance policy sorted before you pick up the tools and that you have the right level of cover required. What can ...

read more

Understanding Insurance for Retailers

... , and that's where business insurance can help save the day ... ... the finest frocks in town or an emporium of gifts, no retail business is immune from the risk of a n insurance claim occurring. We know how busy you are, so we've created this easy, go-to guide on understanding some ...

read more

Steady as she goes - still no increases in Insurance Premiums!

... The BizCover Small Business Insurance Price Index is indicating ... market for small business insurance continues to benefit from ... stability in ... in the index over the last 9 quarters. The Retail Sector is one of the few industries where insurances prices have increased. A trend driven by continued competition, as well as capacity in the market. This ...

read more

Common Small Business Insurance Claims and How to Prevent them.

... . Whilst you've got the insurance to help you out, you ... ... and have a big impact on the running of your business and your bottom line. Whilst you've got the insurance to help you out, you'd ultimately rather avoid the disruption to your business that these unexpected events can ...

read more

Small Business Continues to Win on Insurance Prices!

... ; however the BizCover Small Business Insurance Price Index for the first ... ... all indicate that the industry is long overdue for a price increase; however the BizCover Small Business Insurance Price Index for the first quarter of the financial year indicates that insurers have not been able to ...

read more

Michael Gottlieb Featured on the Insurance Business Hotlist for 2014

... successful in taking out the Insurance Business Brokerage of the Year ... ... the broking world, and not just because his Mega Capital business was successful in taking out the Insurance Business Brokerage of the Year award and featured in the Deloitte Technology Fast 50 Australia ranking for the ...

read more

Michael Gottlieb featured in Insurance Business

In January, our Managing Director Michael Gottlieb was interviewed by Insurance Business magazine, giving his outlook on 2014. Insurance Business - The In January, our Managing Director Michael Gottlieb was interviewed by Insurance Business magazine, giving his outlook on 2014. Insurance Business - The Year Ahead

read more

Personal Accident and Illness Insurance for Tradies

Does the thought of being off work for three months due to a major mishap with a nail gun horrify you? As far-fetched some accident stories may sound, the reality is ... for, the waiting periods and the type of Personal Accident Insurance policy you want to have in place. You can even select ... Return to work assistance Reimbursement of professional or membership fees Let's face ...

read more

Cyber Insurance: Is it worth it?

Many businesses think their business is too small to attract cyber criminals. Yet, when it comes to cyber theft, size doesn't matter. Hackers are on the lookout for ... $155,000 for loss of income, a professional to handle the ransom, network restoration costs, notification costs as well as credit monitoring services Cyber insurance is available for first-and third-party losses ...

read more

Reviews related to Architect Professional Indemnity Insurance

  • easy process.

    Dany K
    Architect and Architectural Consulting Service (Except Construction Project Management)

  • Great communication and prompt quote.

    Justin D
    Architect and Architectural Consulting Service (Except Construction Project Management)

  • Thanks~!

    Mark B
    Architect and Architectural Consulting Service (Except Construction Project Management)

  • Very helpful - thank you.

    Allan P
    Architect and Architectural Consulting Service (Except Construction Project Management)

  • I compliment your company on such an easy and effortless way to acquire insurance with good information when comparing Insurer options.

    Tim M Mesic
    Architecture & Surveying

Get instant quotes

Why do Architects need it?

Don’t let a potential mistake that falls through the cracks become a permanent problem. Instead, let BizCover ease your worries with insurance for architects. With just a few clicks or a single phone call you can get covered instantly, so the only thing that needs to stand the test of time is your grand design. 

As Frank Loyd Wright once said “You can use an eraser on the drafting table or a sledge hammer on the construction site”…. or you can use BizCover! 

Did you Know?

The architecture professionin Australia is regulated by each of the States and Territories, with each having separate Acts, Regulations and Registration Boards. 

For information regarding the requirements for each jurisdiction check on the Architects Accreditation Council of Australia website. 

Insurance for Architects

Professional Indemnity* 

As an architect or draftsperson, you understand the challenges of designing and delivering complex projects. Your work has the potential to cause serious issues if things do not go according to plan.  A simple error or omission could lead to a costly  Professional 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 advice from losses caused by actual or alleged negligence in the advice or service provided. For Professional Indemnity claims indemnified under your policy, it will cover the compensation payable to a third party together with defence costs (which can include legal fees, investigation costs and expert fees).   

Did you know that PI insurance is known as ‘claims made’ cover, which means you need PI insurance to be in place when the claim is made against you.  So, even if you have shut up shop, retired or decided you’d rather be sipping cocktails on a tropical beach, you should consider run-off insurance  which continues to provide important Professional Indemnity insurance for your business for any claims arising from work you do before finishing up but which are notified to you after the doors have closed.  

Public Liability Insurance* 

Do you need Public Liability insurance? The short answer is probably yes. Chances are you’ll have regular contact with clients, contractors and the general public. Public Liability insurance is designed to provide protection for you and your 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* 

Your clients bring in your income, but where would you be without your business assets? Without insurance cover, you could be hit with a few unwanted challenges that could leave you reaching deep into your pockets. 

Business Insurance is an insurance package designed to provide cover for your business contents, stock, tools and commercial premises when an insured event occurs (such as fire, storm, theft or even accidental damage). A Business Insurance package can also cover your portable equipment, glass and for loss of revenue due to business interruption in specified circumstances.  In addition, cover is available for public liability, tax audit, employment practices and statutory liability risks. 

Management Liability* 

If you’re a company director or senior manager, we’re sure you don’t want any unwanted surprises that may leave you personally liable. Management liability insurance protects directors and officers and the insured company itself from the many exposures relating to the management of a company. Owners and those responsible for the management of a company have specific responsibilities which can result in personal liability for alleged or actual wrongdoing. 

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

Could this happen to your business?

An architect prepared a town planning application for a self-storage facility using computer-assisted design. While preparing the drawings there was an error inputting data into the system which would (and did) result in the development being built three metres shorter than planned. The property was then subsequently sold to a development company. 

During construction of the self-storage facility, it was discovered that only 198 self-storage units would be constructed and not the 235 as contained in the original design.  The property developer claimed from the architect over $500,000 in damages due to loss of income that would be incurred by having fewer storage units and for the decrease in value of the business.  Luckily, the architect’s professional indemnity insurer was there to pick up the bill!