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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Business Insurance Guide for the Self-Employed - Part 2

Navigating the world of business insurance can be confusing which is ... a guide to business insurance for the self-employed that profiles the ... self-employed workers need it ? As a professional, you take pride in delivering your advice and services but mistakes can still happen . E ven by experts. Professional Indemnity insurance ... s PI ...

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Insurance Considerations for Personal Trainers

... for yourself. If you are self-employed you also need to consider ... ... you to work for yourself. If you are self-employed you also need to consider how to protect yourself ... yourself against this risk you should consider Professional Indemnity Insurance, which can help protect you for any ...

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Business Insurance Guide for the Self-Employed - Part 3

... in the world of business insurance, it can feel like you ... on all things Business Insurance for the self-employed. In Part 3 of ... back ... for the self-employed. In P art 3 of our guide, we go back to basics with Business Insurance and the main ... in legislation Losses beyond the indemnity period Voluntary closures Losses due ...

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

... 'lock up' operations. Business interruption insurance can provide both peace of ... ... large, and can wreak havoc on everyone from sole traders working out of their garage to behemoth corporations with ... - a plan that should include both a broader insurance package and (crucially!) a clear guideline for how ...

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What are the common types of sole trader businesses in Australia?

The term 'sole trader' gets thrown around a lot ... the most common types of sole trader business structures are in Australia ... ... of sole trader business structures: Self-employed owner Being a self-employed owner ... in minutes. Experience insurance made easy today. *As with any insurance, the cover will ...

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Public Liability Insurance for Cabinet Makers

... the right kind of business insurances in place. Regardless [] ... ... insurances in place. Regardless if you are self-employed, a sole trader or a contractor, there are business insurance ... so, make sure you have your Public Liability insurance policy sorted before you pick up the tools and ...

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Business Insurance Guide for the Self-Employed - Part 4

... piece of our Business Insurance for the self-employed guide, we take a ... look at Personal Accident and Illness insurance ... Liability ... Professional sports Motor sports Why do self-employed workers need to consider Personal Accident and Illness insurance ... the weekend. Claim example A self-employed bricklayer tore his bicep muscle while ...

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5 Tips for getting the best Public Liability insurance for your business

If you're a sole trader or small business owner, there' ... your customers with Public Liability insurance. It offers protection should a ... If you're a sole trader or small business owner, there's no doubt you're aware of the importance of protecting your business and your customers with Public Liability insurance . It offers protection should a ...

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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 ... your hip pocket too. If you're a sole trader or contractor and not covered by Workers Compensation, t ... a salad, or getting a better deal on your business insurance, just remember it's never too late to start. ...

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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 ... , particularly if you are operating as a sole trader. However, take heart, g uidance, inspiration ... doing what you do best, stress-free. Having business insurance gives you peace of mind . If a claim was ...

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Customer Spotlight: Cazeil Creative

Ask most people what they would save in a fire and the most common answer is always photos. Photography plays an important role in our lives, recording personal and ... passion.” It also means protecting your reputation as well as your key pieces of equipment. “As a sole trader, insuring my business is almost mandatory especially to cover my equipment as my photography gear is the ...

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5 Legal Essentials for your Small Business

By Bianca Reynolds Bianca is a lawyer at LegalVision. Throughout her studies, she gained experience in a variety of areas of law including family, commercial, and personal ... operation with no real interest in growing the business, a sole trader structure may be right for you. They are easy to set ... and confidential information and will include indemnities and clear descriptions of the services ...

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7 Steps for Your Business to Survive and Thrive

When you first launched your business, you probably thought you'd bought your ticket to a freer and more relaxed lifestyle, right? By now you may have learned that the ... You might not be able to come up with all of the answers on your own, especially if you're a sole trader. Explore sources of free support and business advice, such as these online resources , but don't rule out paying ...

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How to set up a business in 2021

Congratulations! Youve decided to take that leap of faith and start setting up your own business. While both an exciting and scary time, the start-up phase is one of ... examples of the typical types: Sole trader - trading individually on your ... start your own business, so it makes sense to have business insurance in place to protect it. Every business is different, so ...

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The Work From Home Playlist

Need some new tunes to get through the work from home grind? From onehit wonders to lullaby remakes of Snoop Dogg, these are the hits Aussie small businesses workers ... ell , I ' ll b e i n g ood c ompany . ” Self – employed digital marketing obsessed Sheridan James gets through the day with the classic one-hit ...

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What is a Cabinet Maker?

Cabinet makers are woodworkers that specialize in designing and making built-in or customized cabinets. They also design and manufacture fine wood furniture that accompanies ... . If they opt for becoming self-employed, they can work out of their ... Insurance for cabinet makers is also available. What is the Average Work Schedule for Cabinetmakers? Under most circumstances, a professional ...

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Insurance for Cabinet Makers- What You Need to Know

When it comes to building and creating quality pieces of craftsmanship, cabinet makers know a thing or two. This highly skilled trade involves having an eye for detail ... every day. Having the right types of insurance in place to protect your cabinet making ... would you bring home the bacon, especially if you are self-employed? With no paid sick days, the struggle of being ...

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The Art of Being a Creative Small Business

... or flying solo in the freelance world, one thing is for ... ... idea a crack, which I love”. For self-employed stills photographer Monica Pronk she finds the 'ebb ... skill, they may need to consider Professional Indemnity insurance due to the risk of giving advice ...

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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 ... you are a self-employed small business owner or a contractor, Personal Accident and Illness insurance is an important ... Return to work assistance Reimbursement of professional or membership fees Let's face ...

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Big Bunny Business: An Interview with the Easter Bunny

... tail, we asked him what insurances he has in place to ... ... time to be out of action as the Easter Bunny, and my back up plan is my Personal Accident and Illness insurance. Being self-employed means, I cannot afford not to have an income stream, as the bills won't stop rolling in ...

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8 Small Business Start-up Ideas for 2021

If you're considering starting up your own business in 2021, take a moment to think how your business can thrive in this 'new normal' environment. Things have certainly ... of cliental are requiring the skills of professional cleaning services from domestic jobs to offices and ... . No matter which path you take, getting your business insurance sorted should be one of the first things on your ...

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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 ...

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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 ...

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What Limit of Professional Indemnity Insurance Do I Need?

... consumers is 'What limit of Professional Indemnity insurance do I need?' While this ... . 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 ...

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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 ...

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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 ...

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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 ...

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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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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 ... wondered how the cost of a Professional Indemnity (PI) insurance policy is calculated and why one ... As a result, you may also notice an increase with your PI policy premium. This is because it is a strong indicator that ...

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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. ...

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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 ...

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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 ... to a claim at the time of taking out your PI insurance, no matter how big or small Do not ignore any ...

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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 ...

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A Guide to PI Insurance

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

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7 Types of Insurance Your Small Business Should Consider

... is Small Business Insurance. But what kind of insurance do you actually ... ... thing's for certain, and that is, finding the right insurance is an essential part of managing the risks involved in operating ... then Professional Indemnity (PI) Insurance is a must have. It protects professionals against ...

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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 ...

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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 ...

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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 ...

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Understanding Insurance for Graphic Designers

... , that's when your business insurance comes into play. We've ... ... t go to plan, that's when your business insurance comes into play. We've put this simple ... Professional Indemnity insurance is an important coverage to consider. Professional Indemnity (PI) insurance ...

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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 ... ... Professional Indemnity insurance can help protect your business. Professional Indemnity (PI) insurance ... the most. Personal Accident  and Illness (PA) insurance covers you for loss of income if you were ...

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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 ... ... 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 ...

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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 ...

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7 Surprising ways business insurance can help your company

... of sorting out your business insurance may feel like an overwhelming ... ... think about. While the thought of sorting out your business insurance may feel like an overwhelming task, it is a one ... of a company. While Professional Indemnity insurance provides cover in relation to ...

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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 ...

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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 ... this year the increases were minimal. SME Professional Indemnity insurance prices have also remained flat over the ... increasing it is great to see that their insurance costs remain stable when purchased through the BizCover ...

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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 ... ... have been in business for a while and looking to buy insurance for the first time; there are a few questions you can ... Professional Indemnity insurance protects businesses that provide a professional service ...

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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 ... Report can be viewed here: SME Insurance Price Index Public Liability insurance is an essential cover for SME's ... decrease in prices quarter on quarter for Professional Indemnity insurance. The one area that has seen ...

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A Mumpreneurs Guide to Understanding Business Insurance

The art of juggling parenthood while running your own business is anything but an easy feat. Theres always something screaming for your attention, from managing client ... think about Professional Indemnity insurance. Even the most experienced professionals can make accidental mistakes, and that’s where Professional Indemnity insurance can help. Professional Indemnity (PI) insurance* is ...

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Understanding Insurance for Physiotherapists

Your clients rely on your expert advice and services as a physiotherapist. You help ease their aches and pains from minor sprains to long-term rehabilitation programs ... , 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 ...

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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 ... , the minimum amount of cover that your state or territory requires. Professional Indemnity Insurance Professional Indemnity insurance should be one of the first projects on your drawing board! Designed ...

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How to Become a Professional Land Surveyor in Australia

Land surveying is the science, technique and profession that goes into a wide variety of tasks including planning and designing new or existing structures, construction ... survey assistant or technician. To become a professional surveyor, you will need to complete an ... . Land Surveyor insurance should also be considered and this may include professional indemnity insurance .

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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 ... can include Business Interruption as part of your Business Insurance package. It's important to remember that your ... covers such as Public Liability and Professional Indemnity insurance to ensure you are not left ...

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PI Index: Premiums Decline 10 Straight Quarters

Business Insurance Premiums Decline 10 Straight Quarters, ... healthy competition in the business insurance market. The BizCover Small Business ... ... 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 ...

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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 ... ... it's worth taking time to do a health check of your insurance to ensure that if the unthinkable happens and your business is ... you may want to increase your Professional Indemnity insurance. Also, consider any new ...

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Things you didn't know about small business insurance

Getting the insurance sorted for your small business ... , compare quotes and buy the insurance that suits your business. But ... not know about small ... 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 ...

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STABLE INSURANCE RATES A REASSURANCE FOR SMEs

BizCover's SME Insurance Price Index has unveiled a ... the COVID-19 pandemic with insurance rates remaining flat for a ... acquired from BizCover's ... ,” 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 ...

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

The Quarterly BizCover Small Business Insurance Index has shown that Australian ... enjoyed the end of declining insurance premiums with an increase ... 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 ...

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Insurance Premiums for Retailers Continue to Climb

Insurance Premiums for Retailers Continue to ... The latest BizCover Small Business Insurance Price Index has been released ... an increase in small ... 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 ...

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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 ... automated service however, our access to licensed professionals by phone and chat throughout the purchase process ... BizCover). This alliance combines experienced insurance professionals and cutting-edge technology to meet ...

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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 ...

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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 ...

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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 ... for Tax Audit can help you cover the cost of a professional to help you through this process. You can read more about ...

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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 ... permission of four of the nation's major insurance houses to sell their products. BizCover targets the ... insurance a more commoditised product. It's a live experiment in whether labour-intensive professional ...

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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 ... was the hardening of rates in the non professional sector, primarily around Public Liability and Business Packs ... quarter in the retail sector. Insurance pricing to the professional sector saw no significant changes over ...

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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 ... have Public Liability insurance in place well ... insurance typically not cover? Injuries to your employees Damage to your own property Costs of rectifying faulty workmanship Professional ...

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5 Things to Consider When Buying Public Liability Insurance

Public Liability insurance. It's one of those ... ... Liability insurance is also requirement for many industry associations and professional memberships, ... long run, so don't be afraid to ask your insurance agent what certain features and benefits are if you are unsure ...

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BizCover SME Insurance Price Index Q1 FY20

... and professionals have seen material price reductions on their Public Liability insurance ... ... The increase did not affect the cost of insurance for small businesses on the BizCover platform as prices ... ) and 13% decrease (Professionals) in the price of their Public Liability insurance for the most recent quarter ...

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5 Surprising Things Business Insurance Can Cover

When looking for Business Insurance, most small business owners typically ... ... large order is approaching. Machinery Breakdown insurance is an important form of coverage ... professional fees for bookkeepers, accountants, lawyers and other associated costs. Every business has different insurance ...

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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 ... The BizCover SME Insurance Index is comprised of three industry groups, Professionals, Trades & ... relative to last quarter, though the overall price of insurance within this sector remained steady due to the decrease ...

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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 ...

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

... by not having the right insurance in place? Read on to ... ... will require you to have your own Public Liability insurance before you even step foot on site. Make you ... will require you to have your own Public Liability insurance policy before being able to join Cover your bits ...

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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 ...

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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 ...

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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 ... ... your business' activities. Failure in obtaining public liability insurance policy can expose a business to a range of ... by the general public. A public liability insurance policy should include the scope of your ...

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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 ... Retail Sector is one of the few industries where insurances prices have increased. A trend driven by continued ... market. This has been the case across all insurance classes for small business, all of them seeing ...

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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 ...

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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 ...

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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 ...

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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 ...

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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

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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 ...

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Reviews related to Freelance Professional Indemnity Insurance

  • I have played phone tag with several brokers and insurance providers...what a relief to finally find a simple online service.

    Paul C Cunningham
    Consultancy Occupations

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Why do Consultants need insurance?

You offer game-changing results for your clients; we offer a game-changing way to get your insurance. With just a few clicks or a phone call, you’ll get multiple competitive quotes from some of Australia’s leading insurers. Select your preferred policy and you’ll be covered instantly, so you can continue running your business.  

 

Did you Know?

If you’re a consultant working as a sole-trader you are personally responsible, both legally and financially, for all aspects of your business. In other words, there is a potential for you to have enormous liability exposure, which may affect your personal assets if things go wrong. 

Insurance for Consultants

Professional Indemnity*

There are literally hundreds of different consulting professions, yet all are required to provide a professional service or specialist advice.  Professional Indemnity insurance is designed to protect you from losses claimed by clients that are incurred as a result of your actual or alleged negligence or omission in the provision of your professional service or advice.  

Your Professional Indemnity policy, will cover the award of compensation payable to a third party together with your defence costs (which can include legal fees, investigator fees and expert fees)   

Examples of some of the many consultancies  who can take out Professional Indemnity Insurance through BizCover include: 

^Accurate as at  September 2019 

Public Liability Insurance*

Public Liability insurance is a no brainer for all types of consultancy services. 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 are injured or sustain property damage as a result of your negligent business activities.

Meeting with your clients, either at your office or if you visit them at their premises, means you’ll be exposed to potential mishaps and accidents – think of a client tripping over at your premises or if in the excitement of presenting your proposal at their office you knock over that expensive art work.

Business Insurance*

Your clients bring in your income, but where would you be without your business assets?  

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. 

Cyber Liability*

Consider the client data you may storing and the consequences if your systems were compromised.  

A cyber liability insurance policy is designed to help protect you from claims and support your profitability in the event of a cyber breach or attack. Costs associated with defending a cyber claim are also covered.  Examples of the types of risks Cyber Liability insurance can assist with are inadvertent loss or release of customer personal information, cyber crime, cyber extortion/ransomware and business interruption due to a cyber event. 

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

Common causes of claims