What is Professional Indemnity Insurance?

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Do I need Public Liability insurance?

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How Does Professional Indemnity Insurance Benefit You?

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Do I need Professional Indemnity insurance?

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What does Professional Indemnity Insurance cover?

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How the cost of Professional Indemnity insurance is calculated

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Professional Indemnity

... are good at what you do. However, mistakes happen even with the most professional operators. Professional Indemnity (PI) insurance* is an important form of protection for businesses that provide specialist services or ...

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Misconceptions Around Professional Indemnity Insurance

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Insurance for IT Professionals

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Insurance for Disability Workers

... you a sole trader, contractor or carer possibly as part of the National Disability Insurance Scheme (NDIS), you could be exposed to risks which may result in a Professional Indemnity or Public Liability claim against ...

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Insurance for Personal Trainers

... claims are made, whether right or wrong. Professional Indemnity Insurance* is designed to have your back. ... it's likely that Public Liability insurance is required if you operate as a contractor to a gym or fitness studio, ...

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Professional Indemnity Insurance for Civil Engineers

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Insurance for Civil Engineers- what you need to know

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

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Insurance for architects- the blueprint to success

The career of an architect is an exciting one, yet it's not one without risk. From the ground up, your responsibilities are skyscraper high. Beginning with the first ... state or territory requires. Professional Indemnity Insurance Professional Indemnity insurance should be one of ... work. Public Liability Insurance If you're dealing with clients, suppliers, contractors and the general ...

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Insurance for Architects

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Insurance for Civil Engineers

... professional advice and services. This is where Professional Indemnity insurance becomes vital to you and your business. Professional Indemnity insurance ... contractors and members of the public. Public Liability insurance  ...

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Insurance for Electrical Engineers

...  (and costs) can be severe. Professional Indemnity insurance is designed to protect you against ... regular contact with clients, contractors and the general public. Public Liability insurance is typically an important ...

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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 ... certain types of insurance is required. For example you'll find Professional Indemnity is comp ulsory for ... account and driver's license details of 500 on-hired contractors had been stolen. They were able to claim $200, ...

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One way or both ways - which way to go on NDAs

By Justin Pasqualino Lawpath As an SME operator, you need to protect your confidential information in business relationships. This is where NDAs come in to play. Whether ... will provide your company with the trade secrets about their data processes and trade secrets. Neither you nor your contractor want this information to get out so as a result, you sign an NDA with them. One Way NDA ...

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Managing Risk for Tradesmen

... business or working as a contractor often means you're exposed ... ... your own trade business or working as a contractor often means you're exposed to greater risk ... good news is you can protect yourself with Personal Accident & Illness insurance. It pays up to 85% of your income, with a ...

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Insurance for Electricians

... he would have been personally responsible for paying these costs. ^QLD Electrical contractor insurance requirement sourced from ESO (2016, August 19th) worksafe.qld.gov.au/licensing-and-registrations/electrical-licences ...

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Insurance for Tradesmen

... company's reputation. If you're working as a contractor, you should also consider your contractual obligations to carry a minimum amount of Public Liability insurance. You may also be required to hold Public Liability ...

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Insurance for Landscapers

... also to your business's reputation. Are you a contractor? Consider your contractual obligations which may require carrying a minimum level of Public Liability insurance before you set boots on the job. Public Liability ...

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Insurance for Painters

... usually cover the work of subcontractors. Therefore sub-contractors should consider maintaining their own public liability insurance. Insurance for Painters Public Liability Insurance* In the world of painting, it's a ...

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Business Insurance Guide for the Self-Employed - Part 1

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Public Liability Insurance for Cabinet Makers

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Toolbox of Tips for Tradies National Health Month

Tradies National Health Month is an important campaign held every August in Australia each year, aiming to raise awareness around the health and safety of tradies. According ... . If you're a sole trader or contractor and not covered by Workers Compensation, that's where Personal Accident and Illness (PA) insurance comes into play. Personal Accident insurance* can provide levels of cover if as ...

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What is Civil Engineering

... ). They can work as private contractors or for construction and engineering ... ... professional civil engineers, with the support of advanced technology such as drones, 3D printing, BIM, and cloud computing. Civil Engineers should also consider insurance cover options, including Professional Indemnity ...

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Personal Accident and Illness Insurance for Tradies

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What Limit of Professional Indemnity Insurance Do I Need?

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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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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 ... are at risk.One way to ensure that this never happens to you, is by purchasing something called Professional Indemnity Insurance, this is a very safe option to assure you are covered in the event that someone files suit ...

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Additional Cover for Professional Indemnity Insurance

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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 looking ...

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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 who ...

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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 compensation ...

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Top 5 Reasons for Having Professional Indemnity and Public Liability Insurance

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Professional Attire Insurance

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A Guide to PI Insurance

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Business Insurance Guide for the Self-Employed - Part 2

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Insurance for Yoga Teachers

... injured and unfortunately it could be you 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 ...

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Insurance for martial art teachers

... which results in your client's injury could lead to a claim being made against you. Having Professional Indemnity insurance can help you respond to claims made against you or your business for losses incurred as a ...

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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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7 Types of Insurance Your Small Business Should Consider

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What are the Insurance Options for Land Surveyors?

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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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Insurance for Accountants

... can make mistakes, and these errors or omissions could result in financial losses for your clients. Professional Indemnity insurance will protect your business from losses arising out of acts, errors and omissions from a ...

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Keep calm and stretch on with Yoga Teacher insurance

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Insurance for pharmacy and pharmacists

... third party due to alleged or actual negligence or errors in your professional pharmacy services or advice.  Your Professional Indemnity insurance will cover the associated compensation payable to a third party together ...

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Insurance for makeup artists

... assets may be at risk if you don't have the appropriate insurance 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 ...

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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 ... 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 ...

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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 ... 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 ...

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Management Liability Insurance

... company 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 for Bookkeepers & BAS Agents

... , 2011, the Tax Practitioners Board required Bookkeepers and BAS Agents to have Professional Indemnity (PI) insurance. Professional Indemnity insurance coverage helps to reduce the risk that an Agent will be made liable ...

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Insurance for Registered Migration Agents

... or advice. 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 policies with ...

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Insurance for Nurses

... Did you Know? The Nursing and Midwifery Board of Australia has set minimum requirements for Professional Indemnity Insurance (PI) for all enrolled nurses, registered nurses and midwives. You are required to have your ...

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Insurance for Project Managers

... Professional Indemnity insurance covers you anywhere in Australia.   Get the cover for your business Professional Indemnity ... provision of your professional consulting service or advice. PI Insurance will also assist ...

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Insurance for Finance & Mortgage Brokers

... incurred as a result of your actual or alleged negligencefrom the delivery of your professional service. Professional Indemnity insurance will also assist with the legal costs associated with responding to or managing ...

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Insurance for Real Estate Agents

... help ensure your 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 ...

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You’re a professional and there is no doubt you are good at what you do. However, mistakes happen even with the most professional 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 business for losses as a result of actual or alleged negligent acts or omissions in the provision of your professional service or advice. PI Insurance will also assist with the legal costs associated with responding to or managing claims which are covered by the policy. 

Professional Indemnity claims can arise from simple things like giving incorrect advice, a miscalculation, incorrect diagnosis or treatment 

Professional Indemnity explained further…



Independent feedback from our customers rated our service at excellent.

What’s typically included?*

Depending on the Professional Indemnity policy selectedyour policy could cover: 

  • Payment of compensation as a result of a claim, including but not limited to Court awarded damages 
  • An award of legal costs against you  
  • Reasonable legal costs incurred in defending or responding to the claim 
  • Claim investigation costs 
  • Disciplinary proceeding costs 

What is typically not covered? *

  • Intentional damage  
  • Contractual liabilities  
  • Professional fees  
  • Known claims and circumstances 
  • Fraud and dishonesty 

Download Professional Indemnity Fact Sheet

How Much Cover Should I have ?

With BizCover you can choose policies with levels of cover between $250,000 to $10 million, from the leading insurers on our website.

When considering how much cover you may need you should think about:

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