A large number of people that start businesses, in Australia have been experiencing a steady growth in business for the past few years. One area that is growing in magnitude ... are at risk.One way to ensure that this never happens to you, is by purchasing something called Professional Indemnity Insurance, this is a very safe option to assure you are covered in the event that someone files suit ...
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read moreHow much does Professional Indemnity Insurance cost for Real Estate Agents? Professional Indemnity (PI) insurance is one of the most essential forms of cover for Real Estate Agents due to the potential for losses that ...
read more... Indemnity Insurance cost for IT Professionals? As an IT Professional, you are generally required to comply with specific professional standards and legislation which may require you have a minimum amount of PI ...
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read moreEasy & intuitive website for generating multiple professional indemnity quotes. Good personal follow-up by friendly brokers.--Malindi M--Management Consulting Service
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read more... about what kinds of business insurance coverage you may need to ... ... on 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 an ...
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read more... 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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read more... or advice. PI Insurance also helps with the costs associated with responding to or managing claims covered by your policy. Tip: Migration Alliance members receive a discount of on Professional Indemnity policies with ...
read more... Did you Know? The Nursing and Midwifery Board of Australia has set minimum requirements for Professional Indemnity Insurance (PI) for all enrolled nurses, registered nurses and midwives. You are required to have your ...
read more... Professional Indemnity insurance covers you anywhere in Australia. Get the cover for your business Professional Indemnity ... provision of your professional consulting service or advice. PI Insurance will also assist ...
read more... incurred as a result of your actual or alleged negligencefrom the delivery of your professional service. Professional Indemnity insurance will also assist with the legal costs associated with responding to or managing ...
read more... 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 ...
read more... your assets if something does go wrong. Even if you're not at fault, Professional Indemnity insurance may be able to assist you. Professional Indemnity insurance is there to give you peace of mind if claims arise as a ...
read more... 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 ...
read moreWorking as a personal trainer can be a rewarding career. Not only do you get to help your clients achieve their goals and transform their lifestyles, but it's also the ... were to go wrong because of this advice. To cover yourself against this risk you should consider Professional Indemnity Insurance, which can help protect you for any claims that may arise due to any advice that you ...
read moreThe 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 ... very least, 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 to ...
read more... and associations. This is common for sole traders who offer professional advice and services who are often required to hold a Professional Indemnity insurance policy*. Whether you own your own business premises, work on ...
read more... of both businesses and professionals and that's why our comprehensive insurance offerings include: Professional Indemnity, Public Liability, Business Insurance, Management Liability, Cyber Insurance and Tax Audit. At ...
read moreLand surveying is the science, technique and profession that goes into a wide variety of tasks including planning and designing new or existing structures, construction ... . All you would have to do is complete an application, pay the set fees, and meet all the minimum requirements. Land Surveyor insurance should also be considered and this may include professional indemnity insurance.
read moreYour 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 ... tailor a policy to suit your needs and include other essential covers such as Public Liability and Professional Indemnity insurance to ensure you are not left financially responsible for the costs of a legal claim should ...
read more... lead to a costly Professional Indemnity claim. Thankfully, Professional Indemnity insurance is designed to provide ... you know that PI insurance is known as 'claims made' cover, which means you need PI insurance to be in ...
read more... which caused financial loss? Luckily there is an insurance policy for that and it's called Professional Indemnity insurance. Professional Indemnity insurance protects you against losses claimed by a third party ...
read more... to go 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 ...
read more... that 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 ...
read more... when it comes to your professional advice and services. This is where Professional Indemnity insurance becomes vital to you and your business. Professional Indemnity insurance is an important form of protection ...
read more... claimed by a third party due to alleged or actual negligence in your professional services or advice. Your Professional Indemnity insurance will meet the associated compensation payable to the third party together with ...
read moreBusiness 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 per ...
read moreIf your insurance is due for renewal or ... a health check of your insurance to ensure that if the ... ... extra responsibilities in the service or advice you provide, you may want to increase your Professional Indemnity insurance. Also, consider any new contracts you may enter into or updates to legislative requirements that ...
read more... . But when you operate a #business and have your own professional account, the stakes can be a little higher. You could ... spelling errors. This is where Social Media Indemnity Insurance comes in, you can now #cover yourself ...
read moreGetting the insurance sorted for your small business ... , compare quotes and buy the insurance that suits your business. But ... not know about small ... you will have a million dollar claim. However your business insurance may cover personal items If you have cover for theft and ... , they may require you to have Professional Indemnity cover. Make sure your policy stays ...
read moreThe Quarterly BizCover Small Business Insurance Index has shown that Australian ... enjoyed the end of declining insurance premiums with an increase of ... , the first increase seen in 10 quarters. This brings the insurance rates back to the same level as Q4 2013/14 (6 ... etc which saw premium rates increase 10%. Professional Indemnity have just normalised back to the average ...
read moreBizCover's SME Insurance Price Index has unveiled a ... the COVID-19 pandemic with insurance rates remaining flat for a ... acquired from BizCover's ... ,” he said. “Key sections of business pack insurance that are frequently used by retailers such Contents, ... increases in the cost of Public Liability and Professional Indemnity in other industries,” he said. BizCover's ...
read more... and your assets with business insurance. However, figuring out exactly what ... 's why a group of insurance industry [] ... . Some of the more common types of cover include public liability, professional indemnity, cyber liability, business interruption and tax audit insurance. In many cases, businesses will need to mix and match different ...
read moreInsurance 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 Business ...
read more... , the latest BizCover Small Business Insurance Index is showing little change ... ... few months, the latest BizCover Small Business Insurance Index is showing little change, with prices again ... small business sector.” Public Liability and Professional Indemnity prices have seen no significant movement in ...
read more... leading-edge online insurance model that connects independent professionals and small ... businesses to critical Professional Liability (E ... the policy best suited for their needs, within minutes. This is unprecedented for this market. Professional Liability (E&O) insurance is just the beginning; over the upcoming months and years BizInsure will become a one ...
read more... 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 discrepancies on tax ...
read moreHow much does Combined Liability Insurance cost for Allied Health Professionals? Professional Indemnity (PI) insurance is one of the most important types of cover for all allied health professionals due to the potential ...
read more... with safety standards and recording the correct measurements of properties and sites. That is why Professional Indemnity (PI) insurance is an important form of protection for surveyors. It is designed to respond to ...
read moreWhat 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 ... PL Professional Indemnity - ... protects against losses for any legal action taken against your business for advice or services you have provided. All businesses providing advice should have PI Business Insurance ...
read more... is for a design to not go to plan and the consequences (and costs) can be severe. Professional Indemnity insurance is designed to protect you against losses claimed against you due to alleged or actual negligence or ...
read more... 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 ...
read more... against you could be very costly to your business, not to mention damage your reputation. Professional Indemnity insurance is designed to protect your business from losses claims made against you arising from actual or ...
read more... mistakes happen, accusations can be thrown around, and claims are made, whether right or wrong. Professional Indemnity Insurance* is designed to have your back. It protects your business from losses incurred as a result ...
read more... 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 ...
read more... consider the terms you agree too, including the or KPIs you are expected to meet. Insurance for Marketing Consultants Professional Indemnity* As a marketing consultant, you are expected to wear many hats and each hat can ...
read more... or sustain property damage as a result of your negligent business activities. Professional Indemnity Professional Indemnity insurance* is an important form of protection for businesses that provide specialist services ...
read more... in your profession. That's why BizCover makes it easy to take out Professional Indemnity insurance for your Recruitment Consultancy.. This insurance is designed to respond to claims against you for losses as a result ...
read moreRunning 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 ... ? In Australia for some business sectors you'll find certain types of insurance is required. For example you'll find Professional Indemnity is comp ulsory for finance and mortgage brokers, real estate agents, architects ...
read moreAs 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 setbacks ... , including defence costs which were paid under her Professional Indemnity policy. Back in business Have you ever stopped ... against them by making sure you have the right insurance policies in place. It's also a wise idea ...
read more... in the world of business insurance, it can feel like you ... guide on all things Business Insurance for the self-employed. In ... back to basics ... changes in legislation Losses beyond the indemnity period Voluntary closures Losses due to ... insurance comes into play. What is typically included?* Accountants fees Tax agent fees Limited other professional's ...
read more... 'lock up' operations. Business interruption insurance can provide both peace of ... ... – This will cover the clerical and professional costs involved in re-writing necessary business ... yourself two very important questions. Do I have Business Interruption insurance? And, are both the property and the cause of ...
read moreInsurers hold on to SME Insurance Premium Price Increases! Despite a ... BizCover Small Business Insurance Price Index has shown insurance rates ... have managed to hold the rates increases from last quarter in the retail sector. Insurance pricing to the professional sector saw no significant changes over the quarter. Michael Gottlieb, Managing Director of BizCover ...
read more... your customers with Public Liability insurance. It offers protection should a ... ... all plumbers to hold a minimum of $5 million PL insurance in order to secure a plumbing license. There are also many industry associations and professional memberships that require a minimum level of cover. A lot ...
read more... You will almost certainly want the services of an external accountant or similar professional and their fees can be substantial. With the right Tax Audit insurance in place, you can at least minimise the cost of an audit ...
read more... 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 ... claim What does Public Liability insurance typically not cover? Injuries to your employees Damage to your own property Costs of rectifying faulty workmanship Professional negligence Contractual liability Events ...
read more... piece of our Business Insurance for the self-employed ... Accident and Illness insurance and Cyber Liability insurance. We share ... is Personal ... , criminal or caused by you Alcohol or drugs Professional sports Motor sports Why do self-employed workers need to consider Personal Accident and Illness insurance? When you are working for yourself, your health ...
read more... are a variety of business insurance [] ... of rectifying faulty workmanship Professional negligence Contractual liability Events occurring before or after the policy period Why do self-employed workers need to consider Public Liability insurance? Here are a ...
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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
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.
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.
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 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.
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.
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. |
