Contractor Indemnity Insurance

  • Compare multiple insurers online
  • Competitive pricing with our Price Promise
  • Flexible payment options – monthly or annually

Compare quotes from our trusted insurance partners*:

Professional Indemnity Insurance cost

... architects, IT contractors, management consultants, real estate agents and other allied health professionals. Even professional photographers should consider holding Professional Indemnity insurance. By analysing ...

read more

What is Professional Indemnity Insurance?

... awarded a contract Example professions: Health Professions , IT Contractors , Management Consultants , Accountants , Estate Agents etc. Professional Indemnity insurance provides a financial safeguard to help protect your ...

read more

Do I Need Public Liability insurance?

... 's license. It may also be a requirement under a government or private client contract, or as part of a lease agreement for renting commercial property. Do I need Public Liability Insurance if I have a home-based ...

read more

What does Professional Indemnity Insurance cover?

... the chance of a claim occurring is real, no matter how good you are at your profession. Professional Indemnity insurance is designed to protect you from a wide range of potential risks. Even seemingly small errors, could ...

read more

Professional Indemnity Insurance

... and if a minimum level of cover is required. When it comes to the cost of your Professional Indemnity insurance, there's no one price fits all policy. Every business is different , with each occupation carrying a ...

read more

Do I need Professional Indemnity insurance?

... for it or not, a claim must be defended - ignoring it won't go away. Don't despair. Professional Indemnity insurance is your best defence when faced with a claim. You get the assistance of an expert insurer by your side ...

read more

Hiring a contractor checklist and tips

... a member of the public or causes damage to their personal property. Professional Indemnity insurance is more common for contractors that offer professional advice and skills. Some of the common types of contract workers ...

read more

Insurance for IT Professionals

... 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 ...

read more

How to manage your finances as a contractor

... required to also hold your own public liability insurance and professional indemnity insurance to cover you for any legal costs you may incur as an independent contractor. As a contractor you will not have access to any ...

read more

Insurance for Contractors and Subcontractors

... clients. Did you know? Clients may require you to have certain types of contractor or subcontractor insurance, such as Public Liability or Professional Indemnity, to work with them. You will likely to asked to show proof ...

read more

How to become an independent contractor

... specified. Two of the most common types of business insurance contractors will be often required to have are Public Liability or Professional Indemnity insurance*. Both of these types of policies cover very different ...

read more

Insurance for Personal Trainers

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

read more

Insurance for Architects

... to a costly Professional Indemnity claim. Thankfully, Professional Indemnity insurance is designed to provide ... contact with clients, contractors and the general public. Public Liability insurance is designed to provide ...

read more

Insurance for Engineers

... (and costs) can be severe. Professional Indemnity insurance is designed to provide your business with a ... regular contact with clients, contractors and the general public. Public Liability insurance is designed to provide ...

read more

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 ...

read more

Insurance for Carpenters

... professional advice to clients or other contractors. But if you misspeak or give an incorrect recommendation, it could cause huge issues. That's when your Professional Indemnity insurance can protect your business so you ...

read more

Insurance for the Self Employed

... consider insurance if you are: Newly self-employed An established business owner An independent contractor Operating ... have a Public Liability policy. Professional Indemnity insurance If you provide clients with a ...

read more

Insurance for Tradesmen

... contractor, you should also consider your contractual obligations to carry a minimum amount of Public Liability insurance ... Indemnity insurance can provide a helping hand. Professional Indemnity insurance covers ...

read more

Insurance for Civil Engineers

... regular contact with clients, contractors and members of the public. Public Liability insurance  is designed to ... or damage to third parties. Professional Indemnity insurance protects you against claims that may arise ...

read more

Insurance for Plumbers

... or sustain property damage as a result of your negligent business activities. Professional Indemnity Insurance* Professional Indemnity insurance * is an important form of protection for businesses that provide specialist ...

read more

Information Technology Liability Insurance

... contractual requirement for independent contractors to hold and maintain their own Professional Indemnity insurance policies. Public and Products Liability insurance Public Liability insurance is designed to provide ...

read more

Insurance for pharmacy and pharmacists

... services or advice.  Your Professional Indemnity insurance will cover the associated compensation ... regular contact with clients, contractors and the general public. Public Liability insurance is designed to provide ...

read more

Business Insurance Perth

... tradies to professional contractors and sole traders, just to name a few. Business insurance is there to ... site A requirement of a rental agreement Professional Indemnity insurance* May be requested to hold a certain level ...

read more

Business Insurance Melbourne

... types of business structures like sole traders, contractors and self-employed businesses for example from ... site A requirement of a rental agreement Professional Indemnity insurance* May be requested to hold a certain ...

read more

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 ...

read more

Insurance for Electricians

... like this when you'll be glad to have a Public Liability policy! Professional Indemnity Insurance* Professional Indemnity (PI) insurance covers electricians for losses claimed by a third party & defence costs due to ...

read more

Public Liability Insurance in QLD

... Public Liability Insurance Electrical contractors in Queensland must have Public Liability insurance to receive ... of contract or claims of negligence. Professional Indemnity insurance can help you cover yourself for these ...

read more

Does Public Liability insurance cover employees?

... advice or service caused them a loss. However, Professional Indemnity insurance (PI) may cover this. As stated above, PL ... will only cover workers (including contractors and sub-contractors in certain circumstances) and ...

read more

Do I need a contractor licence in NSW?

... than other professionals. But they also have a lot in common, including the need for business insurance *. We know independent contractors are flat out, which is why we've created a truly simple and convenient way to ...

read more

How to price a job as a contractor

... business, let us lend a hand by taking care of your business insurance *. BizCover offers insurance solutions for all kinds of contractors, giving you peace of mind coverage with no dramas. ***This information is ...

read more

How to become a cleaning contractor

... for success. Have you got your cleaning business insurance sorted? While you're busy building your cleaning contractor business, let us help with your cleaning business insurance *. We'll sweep up and neatly present all ...

read more

What to look out for in a contractor agreement

... But they also have a lot in common, including the need for business insurance* in the form of contractor insurance. We know independent contractors are busy, which is why we've created an amazingly simple and convenient ...

read more

Top 6 mistakes to avoid when hiring a contractor

... you may assume everything is in order, it's a good idea to verify that a contractor has up-to-date insurance. Like any profession, contractor mistakes can happen, so it is vital to ensure that they are covered if things ...

read more

Handyman vs contractor: Which is right for you?

... to do versus the larger suite of services that a licensed contractor is legally allowed to provide. How handymen can reduce their risk with business insurance Given the nature of the job, many handymen choose to reduce ...

read more

How To Become a Roofer or Roofing Contractor

... a roofer. Even if you follow safety measures at all times, accidents and mistakes can still happen. Insurance for roofer contractors is one way to help minimise these risks, so they don't completely derail your business ...

read more

The Benefits of Independent Contracting

... a safety net for yourself—just in case. There are different types of insurance that you might consider as a contractor, including: Professional Indemnity - Even a small mistake in your work can cause big problems on a ...

read more

Top 10 marketing tips for contractors for 2024

... about it. Marketing your business as an independent contractor can be difficult. You have limited time and ... should not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions and ...

read more

10 profitable home improvement business ideas

... BizCover is here to help contractors reduce their risk exposure with the following types of business insurance: Professional Indemnity insurance ; Public Liability insurance ; Business Insurance ; and Personal Accident & ...

read more

How to obtain a builders licence in Queensland?

... qualification your on-the-job experience, whether as a sub-contractor or as an employee, must be paid work. It is ... not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions and ...

read more

How to get an electrical licence in NSW

... can apply to add a category to your individual contractor's licence and/or your qualified supervisor's certificate. ... not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions ...

read more

How to get a NSW plumbing licence

... type of plumber you decide to become, plumbers' insurance is a must once you complete your training. There ... comes with its own rules and permissions. Contractor licence A contractor licence can be issued to individuals, ...

read more

8 tips for writing a cleaning service contract

... by a legal professional. While you're busy contracting new clients to your cleaning contractor business, let us help with your cleaning business insurance *. We'll mop up and neatly present all the available cleaning ...

read more

How to start a concreting business

... are planning on going out independently as a concrete contractor or concrete small business owner, you will benefit from ... and items of stock. Personal Accident & Illness Insurance : Because accidents can and do happen, and ...

read more

How to start a fencing business in Australia

... 000. This includes both labour and materials. For a contractor's licence, you will need to have completed a fencing ... a bell on 1300 920 868 to get your fencing insurance in just 10 minutes and get back to doing what ...

read more

How to become a pro handyman in Australia

... What duties will you perform? Do you have handyman insurance in place just in case something goes wrong? These are ... , handymen will generally be required to get a contractor's licence . Each state or territory has its own ...

read more

How to get a handyman licence in NSW

... handyman business in NSW? In NSW, handyman contractors will need to obtain a licence for two ... your reputation. Likewise, making sure you have enough business insurance cover to protect you from the risks you may face ...

read more

7 Essential Steps to Get Cleaning Contracts

... reading: How to become a cleaning contractor 4. Make use of testimonies A company ... shopping around for you. Find the right kind of business insurance products to suit your cleaning business today. * This information ...

read more

How to easily bid a plumbing service

... work is an important part of every plumbing contractor 's business, whether they've been fixing pipes ... to get your quote . Are you after a watertight plumbing insurance * policy for your plumbing business? Well, you're ...

read more

How to become a licensed plumber in Australia

... drops? No, neither could we. Today, plumbing contractor services are so much more than they once were. ... thrown in the works when it comes to your business insurance* for plumbers. So let BizCover do the heavy lifting ...

read more

How to Start a Roofing Business

... Top 5 Tech Tools Every Tradie Needs 4. Protect your business Insurance is a crucial consideration for many roofing contractors. Roofing insurance (policies designed with roofers in mind) helps shield your small business ...

read more

How to get a NSW trade licence

... you can help your business to keep on keeping on by protecting it with tradie insurance * (also known as contractor insurance). These types of business insurance * have been created specifically for the risks tradies and ...

read more

Insurance for Roofers

... and run your business—from drills and grinders to your laptop and smartphone. Why do roofers need insurance? Roofing contractors work in a risky field, but there's more to that risk than just working at heights. Third ...

read more

6 marketing tips for your earthmoving business

... , or an earthmoving contractor, you may benefit by reducing your risk with the following earthmoving insurance: Public Liability Business Insurance Building Insurance Contents Insurance Portable Equipment At BizCover ...

read more

How to start a carpentry business in Australia

... tradespeople find that running a business or being a contractor for themselves is an ideal way to achieve work- ... well as items of stock. Professional Indemnity insurance: Insurance designed for professionals who provide a ...

read more

Self-Employed Tradies Checklist Guide 2024

... tradies. Recommended reading: How to get a contractor business licence Search the site to determine what ... Insurance ; Professional Indemnity ; and Personal Accident & Illness Insurance . Examples of when business insurance ...

read more

Why do landscape designers need insurance?

... . Public Liability insurance is designed to protect your business from claims made by a client, contractor, or a ... of your business operations. Professional Indemnity Professional Indemnity may cover your business against ...

read more

Why do welders need insurance?

... , or damage occurring to property due to heat or flames. This is where welding liability insurance (another term for welding contractor insurance) can help . Your PL policy can help you avoid the worst of bad situations ...

read more

Reviews related to Contractor Indemnity Insurance

  • all good

    Rommel L
    Building Engineering Consulting Service (Except As Prime Contractor)

Professional Indemnity insurance

Professional Indemnity insurance is designed for professionals who provide a specialist service or advice, providing protection for financial loss and legal costs in the event of a claim. This claim may be a result of an actual or alleged negligent act, error or omission whilst providing your professional service or advice.

Here’s the lowdown on Professional Indemnity insurance*

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 claims can arise from simple things like

  • giving incorrect advice
  • a miscalculation
  • incorrect diagnosis or treatment
  • an act, omission or breach of duty
  • engaging in misleading or deceptive conduct
  • loss of documentation
  • inadvertently defaming someone
  • failing to meet a deadline
  • not meeting your clients expectations

Professional Indemnity explained further…

Excellence in Customer Service


Independent feedback from our customers rated our service at excellent.

What’s typically included?*

Depending on the Professional Indemnity policy selected, your policy could cover you for liabilities arising from but not limited to: non-intentional or non- deliberate professional misconduct such as:

  • Providing your client with misleading or negligent advice
  • Breaching your professional duty
  • Confidentiality and other privacy breaches
  • Defamation, libel or slander
  • Loss of or damage to documents
  • Infringement of intellectual property
  • 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
  • Depending on the type of Professional Indemnity insurance policy you have, it may extend to provide cover for public relation costs to help protect your business’ reputation

For allied health professionals your Professional Indemnity insurance policy extends to provide cover for bodily injury or illness claims arising from the professional services covered by the policy.

What is typically not covered?*

  • Intentional damage or misconduct
  • Contractual liabilities
  • Professional fees refunds
  • Known claims and circumstances that may have occurred prior to the period of insurance
  • Acts of fraud and dishonesty
  • Accidental injury and property damage ( these kind of claims would typically be covered by Public Liability insurance)

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:

  • What are the potential risks (what could go wrong) and what could be the potential cost of a claim if something does go wrong?
  • The value of projects you work on or the value of your services
  • Any statutory requirements for your profession
  • The requirement of any professional body or association of which you are a member. Remember, as your business grows it is important to reassess your exposure to risk and increase your level of cover accordingly.

Why choose BizCover for your Professional Indemnity insurance?

BizCover - Built for Small Businesses

Built for small business

We know insurance and what makes small businesses tick.

BizCover - Clear and Competitive Pricing

Clear and competitive pricing

You can compare and choose from a range of highly competitive prices right there on your screen. Seriously.

BizCover - Cover to match your needs

Cover to match your needs

You can tailor policies from selected Australian insurers to suit the needs of your business, and we are there to help!

BizCover - Real People

Real people adding real value

Our friendly service team is on hand and on a mission to make you smile!

Frequently Asked Questions on Professional Indemnity Insurance

Professional Indemnity insurance* can protect those who provide professional advice or services to their clients. Some of these traditional occupations include accountants, architects, engineers and many more. 

Even for those in more hands-on professions like life coaches, consultants and event managers can still consider the benefits of Professional Indemnity insurance.  

Regardless of which industry you operate in, as a professional, you have a responsibility to deliver professional advice and services of the highest quality. A professional indemnity policy is intended to provide financial protection if a client were to make a claim against you for negligent acts or omissions in the provision of your professional service or advice. Could your business afford the legal fees and associated costs that come with a claim?

Professional Indemnity insurance is not always mandatory requirement.  However, for some professions it is a legal requirement or a mandatory requirement as part of the professional licence or membership to the relevant industry association. It can also be a contractual requirementIt is always best to check with your relevant industry body if it is a legal requirement and if a minimum level of cover is required. 

When it comes to the cost of your Professional Indemnity insurance, there’s no one price fits all policy. Every business is different, with each occupation carrying a different level of risk. The general rule is – the higher the risk, the higher the premium. 

These factors can also impact the cost: 

  • Your business revenue  
  • Size of your business 
  • Amount of coverage required 
  • Who is being covered by the policy? Are they qualified to perform the job 
  • Claims history 

 You can find more information here on Professional Indemnity cost and pricing factors. 

While both types of policies are there to protect your business against third-party claims that may occur from your business activities, they cover very different liabilities.  

Public Liability insurance* protects your business if a customer, supplier or member of the public are injured or sustain property damage as a result of your negligent business activities. It also assists with the legal costs associated with managing claims covered by the policy. 

Professional Indemnity insurance 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. It will also assist with the legal costs associated with responding to or managing claims which are covered by the policy.  

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. 

Management Liability is often offered as a packaged product including Directors and Officers Liability, Corporate Liability, Employment Practice Liability, Crime and Statutory Liability. 

 Professional Indemnity protects you against losses claimed by a third party due to alleged or actual negligence or errors in your professional services or advice.  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). 

When it comes to making a claim on your insurance, we understand that it can be a difficult time and that’s why we want to make it as stress-free as possible. To help guide you through, we’ve created a simple outline of the claims process. 

Start the claims process by downloading and completing our claims form 

 Please email the completed form to our friendly claims team at claims@bizcover.com.au. 

We process all our claims online so you can lodge it anytime, 24/7.  

Leave the rest with usOnce we receive the claim form, we then manage the claim directly with the insurer. We pride ourselves on handling claims promptly, keeping you up to date every step of the process.  

Top tips to help speed up the claims process: 

  • Fill out the form correctly with all the required details, as accurately as possible. 
  • Include any relevant documents, photos, invoices etc. 
  • Check your policy excess. If the amount you are claiming for is less than the excess, then it may not be worth claiming.
 This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording.