What is Professional Indemnity Insurance?

... Contractors, Management Consultants, Accountants, Estate Agents etc. Could this happen to your business? No matter how good you are at your job, we're all human and we all make mistakes. Professional Indemnity Insurance ...

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Do I need Public Liability insurance?

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

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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 ...

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How the cost of Professional Indemnity insurance is calculated

... the cost of a Professional Indemnity (PI) insurance policy is calculated and ... impact the cost of Professional Indemnity insurance. Insurance ... more than another? We look some of the key factors that that impact the cost of Professional Indemnity insurance. Insurance policy pricing is generally calculated on risk factors and put simply, the higher the level of ...

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How Does Professional Indemnity Insurance Benefit You?

... be referred to as professional indemnity insurance. Professionals are expected to possess ... ... by property damage or bodily injury. In addition to this, you should have professional indemnity insurance that provides coverage against lawsuits filed because of misrepresentation, negligence, inaccurate advice and/or ...

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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 ...

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Professional Indemnity

... 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 ...

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Misconceptions Around Professional Indemnity Insurance

... is that the claims professional indemnity insurance covers are only the experiences ... ... of professional indemnity insurance, as this means that if anything happens that causes them a loss, your insurance will pay for it. Such an example may be that you area private consultant and the contractor made an ...

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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 ...

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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

... 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, ...

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Professional Indemnity Insurance for Civil Engineers

... . As a professional, considering Professional Indemnity insurance to protect* you and your ... ... out of business. Below we'll explore Professional Indemnity insurance and how it can apply to your work as ... a duty of care for the network of clients, contractors, other consultants and members of the public involved. One ...

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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 ...

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Insurance for Civil Engineers- what you need to know

... about what kinds of business insurance coverage you may need to ... ... working on a job or project. Issues with sub-contractors or lengthy delays with construction due to bad weather, ... and its daily operations. Having Professional Indemnity insurance for Civil Engineers means that you and ...

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Insurance for Civil Engineers

... Indemnity insurance becomes vital to you and your business. Professional Indemnity insurance ... regular contact with clients, contractors and members of the public. Public Liability insurance is designed to provide ...

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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 ... ... on: do you employ any staff, or rely on contractors or suppliers? The resources you rely on: what utilities, ... a minimum level of Public Liability or Professional Indemnity insurance however, you may decide that you need a ...

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Insurance for Electrical Engineers

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

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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 ... or territory requires. Professional Indemnity Insurance Professional Indemnity insurance should be one of the ... work. Public Liability Insurance If you're dealing with clients, suppliers, contractors and the general ...

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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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all good

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

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all good

all good--Christos T--Building Engineering Consulting Service (Except As Prime Contractor)

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Great Work

Great Work--Shannon P--Building Engineering Consulting Service (Except As Prime Contractor)

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So easy

So easy--Cobus S--Building Engineering Consulting Service (Except As Prime Contractor)

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very easy to use

very easy to use--Stuart D--Building Engineering Consulting Service (Except As Prime Contractor)

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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

... are a variety of business insurance [] ... . Market stall-holders– A minimum level of Public Liability insurance is often required when having a stall at a market ... trainer who provides training services as a sub-contractor at a gym. A client attending an exercise ...

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Public Liability Insurance for Cabinet Makers

... the right kind of business insurances in place. Regardless [] ... ... in place. Regardless if you are self-employed, a sole trader or a contractor, there are business insurance options to suit your business and its needs. Let's take a look at what is often one of the most important ...

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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 ... ... between two general career paths; either contractor or consulting. The consulting civil engineer generally ... . Civil Engineers should also consider insurance cover options, including Professional Indemnity insurance.

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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 ... in death from traumatic injury. If you are a self-employed small business owner or a contractor, Personal Accident and Illness insurance is an important type of cover to consider especially if you are not protected by ...

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What Limit of Professional Indemnity Insurance Do I Need?

... is 'What limit of Professional Indemnity insurance do I need?' While this ... ... a good idea to contact the association and check whether there is a minimum limit of Professional Indemnity Insurance you are required to maintain to comply with their compliance requirements. They may also be able to ...

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Professional Indemnity Insurance 101: For Allied Health Professionals

... protect yourself is with professional indemnity insurance. This type of policy provides ... ... any damages awarded as a result of the claim - no matter whether it's proven or not. Professional indemnity insurance gives people in the allied health professions, and their families, peace of mind that their assets are ...

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Sometimes Professional Indemnity Insurance is Needed

Professional indemnity insurance is handcrafted to provide coverage ... ... 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 not ...

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Additional Cover for Professional Indemnity Insurance

... Fernando for his certificates of insurance - it's just part ... not only insured with professional indemnity, but also with the additional ... ... cover option of public liability. Hish says his clients expect his business to be covered by professional indemnity insurance to ensure there is cover in place in the case of any potential legal action they may take ...

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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 ... 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 ...

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7 Types of Insurance Your Small Business Should Consider

... is Small Business Insurance. But what kind of insurance do you actually ... ... and could be enough to put a small business out of business! Public Liability Insurance explained. Professional Indemnity Insurance If your business or profession involves providing a service or advice, then Professional ...

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A Guide to PI Insurance

... and omissions insurance, PI or Professional Indemnity). What is Professional Indemnity Insurance? Professional Indemnity Insurance is ... 't know if they are getting the best deal. This is where BizCover steps in to satisfy your Professional Indemnity Insurance needs. BizCover allows you to get live online quotes in under 2 minutes, and purchase in only a ...

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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 ... ins and ... of our guide, we explore the ins and outs of Professional Indemnity insurance. What is Professional Indemnity insurance*? Professional Indemnity insurance is an important form of protection for businesses that provide ...

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Professional Indemnity for Real Estate Agents

... the Real Estate Industry Professional Indemnity Insurance provides essential financial protection against ... minimum of $1 million Professional Indemnity ... 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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Insurance for Nurses

... or misconduct. As a registered nurse, you must not practice unless you are covered by a Professional Indemnity Insurance policy that meets the minimum requirements set out by the Nursing and Midwifery Board of Australia ...

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Insurance for Engineers

... wrong. From bridges collapsing to roads rupturing - the consequences (and costs) can be severe. Professional Indemnity insurance is designed to provide your business with a solid foundation when things don't go to plan ...

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Insurance for Professionals

... party due to alleged or actual negligence 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 ...

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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 ... ... 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 acts that ...

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Insurance for Consultants

... consulting professions, yet all are required to provide a professional service or specialist advice. Professional Indemnity insurance is designed to protect you from losses claimed by clients that are incurred as a ...

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Insurance for Social Workers

... could take a huge toll on your life.. This is where Professional Indemnity insurance comes into play. Professional Indemnity insurance* is an important form of protection for businesses that provide specialist services ...

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Insurance for Yoga Teachers

... 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 your ...

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What are the Insurance Options for Land Surveyors?

... yourself and your company with insurance is a smart investment. Land ... ... 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 result ...

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Insurance for pharmacy and pharmacists

... 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 with your defence costs ...

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Insurance for martial art teachers

... 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 result ...

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Professional Indemnity PPC Landing Page

... ? 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 give advice or provide a professional service. If ...

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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 ...

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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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Social Media Insurance

... of your feed, confusing hashtags and even for terrible spelling errors. This is where Social Media Indemnity Insurance comes in, you can now #cover yourself and your business from errors, egregious posts and unsuitable ...

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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

... . The Tax Practitioners Board (TPB) has made it so since 2011 and with good cause - Professional Indemnity Insurance covers you against the risk of a client claiming damages. Your professionalism and service often aren’t ...

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Insurance for Registered Tax Agents

... be more than what is set as the minimum requirement. ^Minimum PI insurance requirements source from TPB tpb.gov.au/professional-indemnity-insurance-tax-agents on 8 August 2019 What could cause a PI claim? Errors and ...

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Insurance for Finance & Mortgage Brokers

... 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 claims covered ...

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Insurance for Allied Health Professionals

... 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 your defence costs ...

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Insurance for Accountants

... Oh, and did you know it is an industry requirement that your level of Professional Indemnity insurance complies with the requirements outlined by your professional association. For instance, CPA Australia and Charted ...

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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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Insurance for Nurses

... It only takes one thing to go wrong to disrupt your career or possibly drain your assets. Thankfully, Professional Indemnity insurance is there to give you peace of mind if you do face legal action as a result of actual ...

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Insurance for Massage & Alternative Therapies

... you must be a recognised provider with the fund. Most health funds require providers to hold a current Professional Indemnity insurance policy with at least $1 million worth of cover, or $2 million if you wish to be a ...

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We have answers

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.