How the cost of Professional Indemnity insurance is calculated

... the cost of a Professional Indemnity (PI) insurance policy is calculated and why ... impact the cost of Professional Indemnity insurance. Insurance ... 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 risks ...

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How Does Professional Indemnity Insurance Benefit You?

... be referred to as professional indemnity insurance. Professionals are expected to possess ... ... you should have professional indemnity insurance that provides coverage against ... insurance provider can help you accomplish your long term business plans; the insurance company should be able to provide adequate policies ...

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Professional Indemnity Insurance for Civil Engineers

... . As a professional, considering Professional Indemnity insurance to protect* you and your ... ... defending your case can be costly, something which Professional Indemnity insurance will cover (up to your selected policy limit). Insurance Policies for Civil Engineers When it comes to insuring civil engineers ...

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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 ... ... with defending an action. Some policies include the Defence Costs within the limit of Professional Indemnity ; some provide Defence Costs in addition to the limit of Professional Indemnity insurance . You need to ensure ...

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Sometimes Professional Indemnity Insurance is Needed

... indemnity insurance is handcrafted to provide coverage for claims brought against the policy ... can be based on the policy holder's client ... of the stick. A major aspect 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 ...

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Professional Indemnity Insurance 101: For Allied Health Professionals

... yourself is with professional indemnity insurance. This type of policy provides cover for ... ... 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 carrying out their ...

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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 ... : what is typically covered and excluded? Depending on the type of Professional Indemnity insurance you take out, your policy could cover: Payment of compensation as a result of a claim, including ...

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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 ... be able to add additional coverage if you think that you may need it in the future or at any time during your Professional Indemnity Insurance policy's term. As an example, at some point you may want to add business ...

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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 and its daily operations. Having Professional Indemnity insurance for Civil Engineers means that you and your ... to consider Cyber Liability insurance. A Cyber Liability insurance policy is designed* to help ...

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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 ... the support to defend a claim while protecting your hard-earned reputation. Some Professional Indemnity insurance policies may even include coverage for PR related expenses, something that should be confirmed ...

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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 ... the most important conditions of Professional Indemnity policies involves the requirement that circumstances which ... providing you abide by the terms of your policy, your insurance is there to protect you. Your insurer has ...

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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 ... would need to look at your policy wording to look at what specifically is covered). Why Do People Hate Thinking About Professional Indemnity Insurance? Professional Indemnity Insurance forms the largest percentage of ...

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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 ... 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 at your level ...

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Who is Covered Under an IT Liability Policy?

Information Technology Insurance Professionals in the information technology ... ... and clients requiring these insurances in addition to professional indemnity. The benefit of having professional indemnity, products liability and public liability contained in the same policy is that, in theory ...

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7 Surprising ways business insurance can help your company

... of sorting out your business insurance may feel like an overwhelming ... ... damage or some other defined event listed in the policy. Money cover*: P rotects your business money (which ... of a company. While Professional Indemnity insurance provides cover in relation to ...

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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 ... ... of risks which can be addressed in a policy tailored specifically for your profession. Professional Indemnity Insurance explained. Business Insurance Business Insurance often comes as a package encompassing a ...

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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 ... -fits-all' policy when it comes to getting your insurance ... Indemnity insurance is a business insurance to consider. Professional Indemnity (PI) insurance* ... selected by the Australian Tax Office for auditing. The policy covers the costs of accountants and other professional fees ...

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What are the Insurance Options for Land Surveyors?

... yourself and your company with insurance is a smart investment. Land ... ... should consider. Noted below are the most common insurance policies that are potentially relevant for land surveyors. Professional Indemnity Insurance Land surveyors are experts in their industry. Due ...

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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 ... ... to consider as an interior designer. Professional Indemnity insurance* Clients hire you for your expert ... that are covered by the policy. Contents insurance* Your business assets , ...

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Understanding Insurance for Mortgage Brokers

... the appropriate types of business insurance. [] ... legal costs associated with responding to or managing claims covered by the policy. BizCover offers Professional Indemnity insurance policies that can meet the requirements of RG210. Public Liability ...

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Understanding Insurance for Graphic Designers

... , that's when your business insurance comes into play. We've ... ... or advice. Professional Indemnity i nsurance will also assist with the legal costs associated with responding to or managing claims which are covered by the policy. Public Liability Insurance* Whether you ...

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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 ... ... that! Let's start with the basics… Professional Indemnity insurance One of the most vital types of insurance policies for yoga teachers is Professional Indemnity insurance. Working in a highly physical role which ...

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Understanding Insurance for Real Estate Agents

... consider the appropriate kinds of insurance you may require to keep ... ... costs associated with responding to or managing claims which are covered by the policy.  Your Professional Indemnity insurance may also  provide important protection against potential losses arising out of errors ...

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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 ... ... damage from an insured event. Business interruption insurance policies are specific, however, and don't ... the indemnity period – The indemnity period is a period which you select when you purchase the policy. Non ...

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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 ... ... you may want to increase your Professional Indemnity insurance. Also, consider any new contracts you ... . You may also find the inclusions and exclusions differ between policies, as well as limits and sub-limits for all of ...

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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 ... business insurance ... you work from home, your home and contents insurance policy might not cover all the liabilities related to ... may require you to have Professional Indemnity cover. Make sure your policy stays relevant and on the move ...

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Business Insurance Guide for the Self-Employed - Part 3

... 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 ... typically covered * by a Contents insurance policy include: Fire Lightning and explosions ...

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

... business insurance but aren't sure how to get started? Which policy ... while and looking to buy insurance for the first time; there ... ... to protect, it's time to look at the types of policies you need to protect those things. Also consider if there are ... to your business activities Professional Indemnity insurance protects businesses that provide a ...

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Finding the Right Business Insurance Can Be Hard but BizCover Makes it Easy

... and your assets with business insurance. However, figuring out exactly what ... 's why a group of insurance industry [] ... professional indemnity , cyber liability, business interruption and tax audit insurance . ... act as agent of the insurer in respect of any insurance policy purchased through us and not as your agent. Any advice ...

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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 ... year the increases were minimal. SME Professional Indemnity insurance prices have also remained flat over the last ... policies, we are seeing a growing number of SMEs using the BizCover platform to reduce their insurance ...

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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 ... for many professions, having a professional indemnity policy is a prerequisite for registration. Contents and stock* A common misconception is that your home contents insurance policy will cover items such as retail ...

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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 ... covered by the policy.  Professional Indemnity claims can arise from simple things like giving incorrect advice, a miscalculation, wrong diagnosis or treatment.   Public Liability insurance* Another ...

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Insurance Considerations for Personal Trainers

Working 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 ... is for $1,000,000 Professional Indemnity and $10,000,000 Public Liability. A combined policy can start at from as little as $21 a month. To find out more about these types of insurance and to get a quick quote ...

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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 ... territory requires. Professional Indemnity Insurance Professional Indemnity insurance should be one ... for when things go a little haywire. The policy also covers you for the cost of defending disciplinary ...

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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 ... to protect your business. You can 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 ...

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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 ... show you just how much having good business insurance coverage can save a small business in ... defence costs which were paid under her Professional Indemnity policy. Back in business Have you ever stopped for ...

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Small Business Insurance: Why you might want to ensure you're covered!

Running a business can be rewarding, challenging but also stressful. While you will are taking control of your earning potential and the upside can be great, there are ... certain types of insurance is required. For example you'll find Professional Indemnity is comp ulsory ... assets are also on the line. Having a Management Liability policy in place can cover you not only for your legal ...

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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 ... them. Every business should have PL Professional Indemnity - protects against losses for any legal ... seemingly identical policies. These days most people choose one of two other options: using an insurance broker or ...

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Misconceptions Around Professional Indemnity Insurance

... is that the claims professional indemnity insurance covers are only the experiences ... ... 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 have ...

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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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BizCover expands into New Zealand and launches BizCover.co.nz

... leading provider of online professional indemnity insurance, has announced today the launch ... online platform (over 10,000 policies sold in the ... from the already successful Australian online platform (over 10,000 policies sold in the past two years), BizCover.co.nz provides professional indemnity insurance for over 100 different professions from New Zealand's ...

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Small Business Index July 2015

SMEs benefiting from declining insurance rates but is the tide ... capacity and competition in the insurance market over the last few ... the price ... low number of catastrophes and low interest rates, and those with capital chasing returns in insurance.” The Professional Indemnity rates reduced the most this financial year finishing 3% lower. Over the time of ...

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Help Protect your small business' reputation

When it comes to running a small business, your brand and its reputation are priceless. No doubt you've spent countless hours establishing your name by building strong ... , get some peace of mind with insurance policies designed to help protect your business if its reputation is on the line. Here are a few to consider: Professional Indemnity Insurance If your business provides a ...

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The Remaining Risk: What Isn't Covered and Why it Matters

... common issues with Business Insurance is that policy owners often fail to ... of what's in your policy is great (that's why ... ... For example, if you purchase Professional Indemnity (PI) insurance you should know that you're ... to advise your insurer of anything that may affect your policy, and failure to do so may adversely affect your chances ...

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New Territory - how to adapt your real estate business during COVID-19

COVID-19 has had a significant impact on the real estate industry with social distancing and mandatory bans on open homes and auctions. Riding the roller coaster of ... investment when it comes to protecting your real estate business. I f your Professional Indemnity insurance* policy is current and you are providing professional advice to your clients online , it ...

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Five Tips for Starting your Home-based Business

Sometimes it takes extraordinary circumstances to take the leap of faith to start your own home-based business. The COVID-19 pandemic has made this an option for many ... services or advice.  Your Professional Indemnity insurance will meet the associated compensation payable ... event listed in the policy. Cyber Liability * : Cyber Liability insurance helps to protect ...

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So You Want to Start a Side Hustle? Here's What You Need to Know - Part 2

Welcome back to part 2 of our guide on what you need to know when starting a side hustle. In part 1 we explored some of the steps involved with setting up your side ... want to take out Professional Indemnity insurance*. Professional Indemnity protects you against losses claimed ... insurance, the cover will be subject to the terms, conditions and exclusions contained in the policy ...

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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 ... ... and are now at levels where insurers are no longer willing to reduce any further. As an example, the cost of Professional indemnity insurance for some Allied Health professionals can be as low as $20 per month.”

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How to hire quality tradesmen for your small business with Oneflare

When hiring tradesmen for your small business, you don't have any room for error so every tiny detail counts. It can be daunting and time-consuming sorting through ... to cover the costs of the damage they have caused. Professional Indemnity Insurance Professional Indemnity insurance is not commonly required for your average trade person, as it covers against negligence ...

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The Risks of Growing Your Small Business

The only strategy that is guaranteed to fail is not taking risks. Mark Zuckerberg There comes a time when every successful enterprise needs to ditch the baby steps ... catch-up with your policies. As your business grows you'll require an insurance package that is as robust ... themselves, but the primary insurances - public liability and professional indemnity - are crucial. Ignore ...

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Survival of the Fittest - How Your Fitness Business Can Adapt

The mandatory closures of gyms and fitness studios due to COVID-19 has forced personal trainers to come up with new ways to keep their businesses running. Take a look ... -up to date and that you have the right cover. I f you have an active Professional Indemnity insurance* policy and are running online classes, it will still cover you for claims against your business . ...

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A Broker Divided - Is BizCover's Michael Gottlieb a Threat to Broking or its Future?

... unknown. He started his own insurance brokerage despite never having worked ... in the world selling commercial insurance through an aggregator website ... trying to do was sell insurance - whether it was D&O or professional indemnity - but really focusing on ... then began looking for a way to transact SME policies more efficiently, while still making SMEs feel like they ...

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BizCover ranks #3 on the 2011 Deloitte Technology Fast 50 Australia

... BizCover, the leading online business insurance marketplace in Australia, today announced ... ... customer service”, said Bradley Miller, BizCover General Manager. Founded in 2008, BizCover.com.au offers professional indemnity, public liability and business insurance from many of Australia's leading insurers.

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Investec Acquisition of BizCover the Right Decision

... , an Australian-owned online professional insurance broker marks another key milestone ... ... -market professionals can compare and buy professional Indemnity insurance in minutes. In the past month, ... some of Australia's leading insurers and, once a policy is selected, it can be purchased immediately. Moreover, ...

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What is Civil Engineering

Civil engineers are responsible for overseeing the development, planning, construction, maintenance, and repair of roads, buildings, and other infrastructure projects ... engineers, with the support of advanced technology such as drones, 3D printing, BIM, and cloud computing. Civil Engineers should also consider insurance cover options , including Professional Indemnity insurance.

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Civil Engineering Explained

From the roads that we drive on, to the bridges we cross, and the homes we live in - all of these are planned and designed by civil engineers. Some of the most elegant ... become even more important due to expansion of renewable energy projects. Bizcover can help your business choose insurance for civil engineering options, which can include professional indemnity insurance .

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What is the Job of a Land Surveyor?

If you consider yourself a problem-solving ninja, are strong with technology, have a good foundation of mathematics and science, and enjoy working outdoors, you'll find ... compliance with city or county zoning or policies, surveyors are retained. Working Conditions and ... Insurance for land surveyor options are also available through BizCover, including professional indemnity insurance ...

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Why Land Surveying is an Important Career

What began nearly 3,000 years ago during the rise of the Egyptian pyramids and introduction of infrastructure has grown into one of the most crucial career paths across ... abroad, to help improve the infrastructure for underdeveloped countries. Insurance for land surveyors is also available, including professional indemnity . When is land surveying used? Land surveying is often ...

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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 ... 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 .

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How to survive the silly season: a guide for small businesses

In the blink of an eye, the silly season is here again! For some, it's the busiest time of year, from retailers helping people get their last-minute gifts and service ... the venue if an indemnity is required to the owner and if your Public Liability policy includes this. Batten ... get busy again. Take the time to review your insurance policy and make sure you have the right cover in ...

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Beauty to go! What Mobile make-up artists need to know about insurance

There are some obvious pros to working as a mobile freelance make-up artist - you have control over the hours you work, you get to work with a wide range of clientele ... without one. So, let's look at the various forms of insurance mobile makeup artists should consider for their business… Professional Indemnity Insurance You're an expert when it comes to creating that perfect look ...

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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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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 ... quarter,” he said. “Key sections of business pack insurance that are frequently used by retailers such Contents, ... in the cost of Public Liability and Professional Indemnity in other industries,” he said. BizCover's ...

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The Art of Being a Creative Small Business

Whether you're running your own business as a small team or flying solo in the freelance world, one thing is for sure, the creative arts industry is anything but boring ... in public spaces. For those that teach a creative skill, they may need to consider Professional Indemnity insurance due to the risk of giving advice to others. The team at BizCover are here to help ...

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Role of a Civil Engineer

Civil engineers impact people's lives on a daily basis. They help to improve or develop the facilities and infrastructure that are used to provide and facilitate vital ... strong teamwork skills. Civil Engineers should also consider their insurance options , including Professional Indemnity Insurance . Construction Technology in Civil Engineering Civil engineering has been ...

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SMEs continue to benefit from low premiums; despite talk of price rises.

... seems to be hardening for insurance for larger businesses, the latest ... BizCover Small Business Insurance Price Index is showing no ... ... which is keeping prices down. Professional Indemnity and Public Liability, including multiple section ... is unlikely SME's will see material rises in their insurance cost anytime soon and not before the end of the year ...

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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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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 (6 ... which saw premium rates increase 10%. Professional Indemnity have just normalised back to the average ...

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Business Horror Stories

Running a business can be a wonderful rewarding experience, but sometimes things can go horribly wrong. THE ONLINE ONSLAUGHT We never believe it can happen to us, that ... . Find out more about Professional Indemnity here. THE EMPLOYEE EMBEZZLEMENT These incidents ... shutting them down for good. A management liability insurance policy can be the only saviour for a business ...

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5 Financial Goals Before 40

In your 30s, retirement may seem an unthinkably long way away, but the brutal truth is that if you desire any kind of financial freedom in your future, it requires forward ... policy. If you work in a professional industry where the possibility of being sued exists (thereby risking the assets you're working so hard to accumulate), then Professional Indemnity Insurance is worth exploring ...

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Triumph after Tragedy for QLD Fitness Trainer Latest Winner of Bizcover.com.au $60,000 'Small Business Buddy Program'

Latest Winner of Bizcover.com.au $60,000 'Small Business Buddy Program' Michelton resident Charlotte Hansen last week marked a major milestone when she went from cancer ... and medium sized businesses buy Professional Indemnity, Public Liability, Business Insurance, Management Liability and now Cyber Insurance. BizCover provides multiple insurance quotes instantly online and the ability ...

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Doggone Great! Local QLD Business Selected in the $60,000 'Small Business Buddy Program'

Small Business Buddy Winner! Local QLD Business Selected in the $60,000 'Small Business Buddy Program' Woofwatchers, a local dog grooming and pet caring business is ... and medium sized businesses buy Professional Indemnity , Public Liability , Business Insurance, Management Liability and now Cyber Insurance. BizCover provides multiple insurance quotes instantly online and the ability ...

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BizCover Celebrates Third Consecutive Fast 50 Ranking

... . BizCover remains the only commercial insurance business in the list of ... ... and medium sized businesses buy Professional Indemnity, Public Liability, Business Insurance, Management Liability and now Cyber Insurance. BizCover provides multiple insurance quotes instantly online and the ability ...

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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 to ... ... damage to a third party as a result of your business' activities. Failure in obtaining public liability insurance policy can expose a business to a range of risks. As a business, you will inevitably have interactions ...

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5 Things to Consider When Buying Public Liability Insurance

Public Liability insurance. It's one of those ... business? Not all Public Liability policies are the same and along ... ... that are currently renting their business premises, your landlord may require you have a Public Liability insurance policy in place. 4. Take the time to compare quotes There are many options when it comes ...

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Dishing up the facts on food business insurance

... you have the right business insurance. When it comes to insuring ... is an overwhelming choice of policies and policy options [] ... 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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Business Insurance Guide for the Self-Employed - Part 1

... are a variety of business insurance [] ... click of a button , hassle-free. *As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this web page is general only ...

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5 Surprising Things Business Insurance Can Cover

When looking for Business Insurance, most small business owners typically ... ... themselves welcome. Glass cover is often an option that can be taken out as part of your Business Insurance policy. In some cases may even be a requirement by your landlord. It not only covers repair or replacement ...

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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 ... ... with the right limits in advance. Some industry bodies will require you to have your own Public Liability insurance policy before being able to join Cover your bits Your tools of trade are vital to getting the job ...

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Public Liability Insurance for Cabinet Makers

... the right kind of business insurances in place. Regardless [] ... ... contract or as a condition of entry to a worksite. If so, make sure you have your Public Liability insurance policy sorted before you pick up the tools and that you have the right level of cover required. What can ...

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The bricks and mortar of building insurance cover- what you need to know

Your business property is like your home away from home and is the place where you work your magic. Whether you're in the business of providing expert advice to clients ... something your landlord takes out for the premises. What will it protect your business from? Each insurance policy will have its own specific list of insured events and exclusions, therefore it is best to check ...

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The Reality of Retail- Real Life Claims and How Business Insurance can Help

The world of retail is fast-paced and varied, with no two days ever the same. With so much going on, it also creates a recipe of risks and opportunities for things to ... in a fire, storm or due to malicious damage or some other defined event listed in the policy. Contents insurance is an important form of cover for retailers, protecting your vital stock that keeps your tills flowing ...

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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 can select the amount you want to be covered for, the waiting periods and the type of Personal Accident Insurance policy you want to have in place. You can even select a Lump sum and capital benefits option which can ...

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Getting the Best Value on Your Business Insurance

The new year is now in full swing, and if you're like some of us in this office, you will probably have resolved to be a bit smarter with your money in 2016 and perhaps ... if you are no longer doing certain business activities - you may be able to take them off your insurance policy. Pay wisely Check out the payment options available, there may be savings to be had by paying annually ...

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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 ... , lost income due to system downtime and potential loss of sales. Having a Cyber Insurance policy can provide you cover for the following costs: Compensation claims Investigations/Forensics Fines & Penalties ...

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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 . ... of a fire, storm, malicious activity or another defined event listed in the policy. Machinery Breakdown* - Machinery breakdown insurance covers the cost to repair or replace specified machinery following a ...

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BizInsure Capitalizes on the Paradigm Shift in Commercial Insurance!

... .com), a leading-edge online insurance model that connects independent professionals ... critical Professional Liability (E&O) insurance solutions ... relationships, BizInsure enables customers to quickly compare multiple quotes from A-rated insurance carriers, choose and purchase the policy best suited for their needs, within minutes. This is unprecedented for this ...

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Business Insurance Guide for the Self-Employed - Part 4

... piece of our Business Insurance for the self-employed ... Accident and Illness insurance and Cyber Liability insurance. We share ... is Personal ... to recover following his injury. His Personal Accident and Illness insurance provided a weekly benefit of $1,700 a week for a period of six months. The total policy benefit paid to the insured was $40,800. This allowed ...

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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 ... need to know to get you covered. *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 ...

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Understanding Insurance for Retailers

... , and that's where business insurance can help save the day ... ... , getting your retail business insurance sorted in minutes. *As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained ...

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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 ... ) business owners a full end-to-end online service to compare most of their business insurance needs, with policies available from some of Australia's leading insurers. SME customers will have the option of completing ...

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You’re a professional and there is no doubt you are good at what you do. However, mistakes happen even with the most professional operators

Professional Indemnity (PI) insurance* is an important form of protection for businesses that provide specialist services or professional advice.  It is designed to respond to claims against your business for losses as a result of actual or alleged negligent acts or omissions in the provision of your professional service or advice. PI Insurance will also assist with the legal costs associated with responding to or managing claims which are covered by the policy. 

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

Professional Indemnity explained further…



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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.