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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 important conditions of Professional Indemnity policies involves the requirement that ...

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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 ... how the cost of a Professional Indemnity (PI) insurance policy is calculated and why ... that impact the cost of Professional Indemnity insurance. Insurance policy pricing is generally calculated ...

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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 ...  Professional Indemnity Insurance simple (also known as errors and omissions insurance, PI or Professional Indemnity). What is Professional Indemnity Insurance? Professional Indemnity Insurance ...

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Additional Cover for Professional Indemnity Insurance

... Fernando for his certificates of insurance - it's just part of ... is not only insured with professional indemnity, but also with the additional ... extra cover options to her professional indemnity insurance. Lynn purchased public and products ... protect them against claims of personal injury or property damage caused ...

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Professional Indemnity for Real Estate Agents

In the Real Estate Industry Professional Indemnity Insurance provides essential financial protection against ... a minimum of $1 million Professional Indemnity In the Real Estate Industry Professional Indemnity Insurance provides essential financial protection against ... is where they have a personal interest in their advice or ...

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How Does Professional Indemnity Insurance Benefit You?

... also be referred to as professional indemnity insurance. Professionals are expected to possess ... ... expected from them. Purpose of Professional Indemnity Insurance The primary purpose of professional ... , then you should have adequate professional indemnity insurance coverage against financial losses caused ...

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Misconceptions Around Professional Indemnity Insurance

... misconception is that the claims professional indemnity insurance covers are only the experiences ... ... misconception is that the claims professional indemnity insurance covers are only the experiences ... is where the value of professional indemnity insurance can be recognized. If you ...

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Sometimes Professional Indemnity Insurance is Needed

Professional indemnity insurance is handcrafted to provide coverage ... ... turn to a concept like professional indemnity insurance, which can cover and protect ... or not they should buy professional indemnity insurance is the potential financial loss ...

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Professional Indemnity Insurance

... financial implications for your business. Professional Indemnity Insurance is specifically designed for businesses ... your business. In a nutshell, Professional Indemnity Insurance (PI) will ensure you are not ...

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What is Professional Indemnity Insurance?

What is Professional Indemnity Insurance? Professional Indemnity Insurance is designed for professionals who ... omissions Do I really need Professional Indemnity Insurance? If you're getting paid for ...

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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 ... someone files suit against you. Professional Indemnity Insurance works by insuring you the ... quotes from different companies offering Professional Indemnity Insurance. This way you are able ...

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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 ... ... a service or advice, then Professional Indemnity (PI) Insurance is a must have. It ... business, but your personal assets too. Management Liability Insurance explained.   Cyber Liability ...

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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 ... ... attributed to continued decreases in Professional Indemnity premiums. The index saw prices ... an example, the cost of Professional indemnity insurance for some Allied Health professionals ...

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Insurance Considerations for Personal Trainers

Working as a personal trainer can be a rewarding ... ... More About Public Liability Insurance As a personal trainer you'll also be ... capacity. Find Out More About Professional Indemnity Insurance Luckily many insurers have realised ...

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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 ... ... ! Let's start with the basics… Professional Indemnity insurance One of the most vital ... up to chance and consider Professional Indemnity insurance to protect you and your ...

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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 ... your state or territory requires. Professional Indemnity Insurance Professional Indemnity insurance should be one of the ... everything stored online, including your personal and client information, there's a ...

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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 ... should consider for their business… Professional Indemnity Insurance You're an expert when it ... premises or vehicle). Personal Accident and Illness Insurance Being self-employed brings many ...

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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 ... Every business should have PL Professional Indemnity - protects against losses for ... businesses providing advice should have PI Business Insurance - insures your business ...

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

... most common issues with Business Insurance is that policy owners often ... ... any interruption to the business. Personal Accident – If you're temporarily unable ... For example, if you purchase Professional Indemnity (PI) insurance you should know that you're ...

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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 ... down the price ... 3 main product categories of Professional Indemnity, Combined Professional Indemnity & Public Liability and ... with capital chasing returns in insurance.” The Professional Indemnity rates reduced the most ...

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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 ... ... , the latest BizCover Small Business Insurance Price Index is showing no ... which is keeping prices down. Professional Indemnity and Public Liability, including multiple ...

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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 Cyber Insurance here.  THE DEREGISTERED DISMAY  Threats ... costs. Find out more about Professional Indemnity here.  THE EMPLOYEE EMBEZZLEMENT These ...

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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 ... hardship. Did you know a Personal Accident insurance policy not only protects ... and instant online quote for Personal Accident Insurance today. Could you afford ...

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Introducing our newest cover option: Personal Perishables Cover

... had your lunch or other personal items stolen or accidentally consumed ... our brand new product: Personal Perishable Insurance. Personal ... our brand new product: Personal Perishable Insurance. Personal Perishables Insurance covers working individuals for ... cover will revolutionise the way insurance covers business individuals. In the ...

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Insurance For registered tax agents

... for Registered Tax Agents, Professional Indemnity insurance is also an actual requirement ... required BAS Agents to have Professional Indemnity (PI) insurance. Professional Indemnity insurance coverage helps to reduce the ...

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5 Reasons to love Personal Accident Cover

Personal Accident and Illness Insurance (IPA Cover)offers financial protection ... Personal Accident and Illness Insurance (IPA Cover)offers financial protection ... Checks Unlike some other insurance policies, a personal accident policy will not ...

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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 ... BizCover Small Business Insurance Price Index has shown insurance rates dropping back ... be more exacerbated in the insurance segments that have significant competition ...

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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 ... ... and business directors including their personal assets against legal costs for ... may want to increase your Professional Indemnity insurance.   Also, consider any new contracts ...

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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 ... of your current policy. Your personal insurance doesn't cover your business A ... may require you to have Professional Indemnity cover. Make sure your policy ...

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Management Liability Insurance

... And no-one loves risking their personal assets! The changing regulatory environment ... with running the company. Where Professional Indemnity Insurance covers the advice or service ...

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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 ... not universal. Graph 1 – BizCover Insurance Price Index (Financial Year 2017 ... was no change in the Professional Indemnity sector, but the index for ...

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BizCover Disrupts Insurance by Commoditising it

... read the BRW article. Self-proclaimed insurance industry disrupter BizCover is trying ... by letting newcomers to the insurance sector, such as Coles ... as a natural next step. Personal insurance products He pointed to Britain ... claimed, “a huge amount” of personal insurance products are ­consumed through aggregators. ...

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BizInsure Capitalizes on the Paradigm Shift in Commercial Insurance!

... www.bizinsure.com), a leading-edge online insurance model that connects independent professionals ... critical Professional Liability (E&O) insurance< ... BizInsure (www.bizinsure.com), a leading-edge online insurance model that connects independent professionals ... model (made mainstream by the personal auto insurance industry) replaces overhead with ...

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Dishing up the facts on food business insurance

... you have the right business insurance. When it comes to insuring ... ... your overall business insurance plan. What types of insurance should food businesses ... premises or held within your personal care. Did you know? On ...

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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 ... ... advisable to have public liability insurance. Legal Requirement for Public Liability ... Insurance Although public liability insurance is not a ...

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Insurance For nurses

... has set minimum requirements for Professional Indemnity Insurance (PI) for all enrolled nurses, registered ... duty, negligence or misconduct. Thankfully, Professional Indemnity insurance is there to give you ...

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Insurance For accountants

... minimum of $2million in professional indemnity cover Insurance for Accountants Professional Indemnity Even Excel gurus ... the lowest rate for your PI. Public Liability If you have ...

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Insurance For personal trainers

... outdoor areas. Insurance for Personal Trainers and Fitness Professionals Professional Indemnity As a personal trainer ... , whether rightly or wrongly. Professional Indemnity insurance protects you against financial losses ...

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Insurance For psychologists

... claim. The requirements for individual PI insurance arrangements also state that cover ... whether legitimate or illegitimate. Thankfully, Professional Indemnity insurance is there to give you ...

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Insurance For architects

... Architects Act, Architects Regulations and Professional Indemnity insurance requirements. For information regarding the ... Management Liability insurance will protect your company and your personal assets against ...

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Insurance For engineers

... the consequences can be severe. Professional Indemnity insurance will ensure your business has ... Management Liability insurance will protect your company and your personal assets against ...

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Insurance For consultants

... unlimited liability which means your personal assets are at risk of ... that was agreed upon. Thankfully, Professional Indemnity insurance is your protection against potential ...

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Insurance For it professionals

... is that trouble shoots back. Professional Indemnity insurance provides essential financial protection for ... require independent contractors to hold Professional Indemnity insurance before being considered for a ...

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Insurance For real estate agents

... a minimum of $1 million Professional Indemnity Insurance, with a number of set ... fact? For Real Estate Agents, Professional Indemnity insurance provides essential financial protection against ...

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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 ... types of insurance is required. For example you'll find Professional Indemnity is comp ... that are at risk, your personal assets are also on the ...

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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 ... your premises, or in your personal custody? If you business holds ... such as Public Liability and Professional Indemnity insurance to ensure you are not ...

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Insurance For recruitment consultants

... that's right for your business Professional Indemnity Employees are the most important ... on the line too. Thankfully, Professional Indemnity insurance is your protection against your ...

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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 ... on it. “Thankfully my Business Insurance policy included building and contents ... which were paid under her Professional Indemnity policy. Back in business Have ...

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Insurance For cleaners

... be endless. Thankfully, Public Liability insurance is there to protect you ... in your spare time. Personal Accident and Illness Insurance can help by ...

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Insurance For electricians

... couple of grand. Public Liability insurance is something every responsible electrician ... in your spare time. Personal Accident and Illness Insurance can help by ...

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Insurance For handyman

... additional general handyman services. Business Insurance Chances are you rely on ... in your spare time. Personal Accident and Illness Insurance can help by ...

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Insurance For tradesmen

... a period of time. Personal Accident & Illness Insurance As a tradie ... footy on the weekend. Personal Accident and Illness Insurance can help by ...

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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 ... best value on your business insurance. Cover yourself up! Check your ... making a claim having enough insurance could mean the difference between ...

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Cyber Liability Insurance

... associated losses, of your customer's personal details being stolen? Each business ... , Lawyers, Accountants, Consultants, Estate Agents, Insurance Brokers etc GET INSTANT QUOTES ...

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Public Liability Insurance

... ? What is included? Compensation for personal injury and/or property damage to ... and defence costs Public Liability Insurance protects you and your business ...

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5 Surprising Things Business Insurance Can Cover

When looking for Business Insurance, most small business owners typically ... ... an unforseen event. Business Interruption insurance is designed to compensate you ... exceptionally prime target. Cyber Liability insurance is a 'must have' policy ...

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Steady as she goes - still no increases in Insurance Premiums!

The BizCover Small Business Insurance Price Index is ... market for small business insurance continues to benefit from ... stability in insurance ... the market for small business insurance continues to benefit from stability ... the last BizCover Small Business Insurance Price Index. “Insurers have managed ...

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Business Insurance

... be in business tomorrow. Business Insurance can provide financial cover for ... Transit Statutory Liability Compare multiple insurance quotes online Best price with ...

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Small Business Continues to Win on Insurance Prices!

... ; however the BizCover Small Business Insurance Price Index for the first ... ... ; however the BizCover Small Business Insurance Price Index for the first ... small businesses! Prices across all insurance classes were stable across 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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Product Liability Insurance

... What is Product Liability Insurance? Product Liability insurance usually forms part of ... responsible which could affect your personal assets. A Product Liability claim ...

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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 businesses ... ,000, in exchange for their personal data, including names, addresses, emails ... as credit monitoring services Cyber insurance is available for first-and third-party ...

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Insurance For retailers

... an interested party on the insurance policy. Insurance for Retailers Public Liability ... your customers against claims for personal injury or property damage, including ...

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Public Liability Insurance

Just imagine: A phone call out of the blue. The caller has a voice you don't recognise. He's telling you he is hurt - badly - and you're responsible. You hang up. He ... caught short without adequate insurance, is their personal horror story might have ... Janine needed was public liability insurance or insurance that protects you and ...

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New Year Insurance Health Check!

2016 is here! New Year is traditionally a time for people to make resolutions and plan for their year ahead. It's also a great time for business owners to take stock ... enough cover within your business insurance to cover any losses. Have ... standard.  For example most Business Insurance policies do not include cover ...

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Insurance For gift shops

... the gift of hassle-free insurance with multiple competitive insurance quotes in minutes. ... spanner in the works. Business Insurance cover includes: Contents - protecting ...

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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 ... What is Building Cover? Building Insurance provides protection for material damage ... can be easily avoided. The Insurance Council of Australia defines underinsurance ...

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Insurance For mobile food vans

... business is 10 million dollars. Insurance for Mobile Food Vans Public ... a mobile food business Business Insurance Your whole business is basically ...

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Cyber Liability Insurance: the safety net small businesses need

It may have taken some time for the reality to hit, but the wider public is now starting to realise that hackers aren't just fictional brooding movie villains - they ... a cyber-attack occurring, Cyber Liability insurance will help to reduce subsequent ... generally included in Cyber Liability insurance are: · Business interruption costs · Data ...

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Do I need insurance for my market stall?

From fresh food and irresistible treats to clothing, arts, crafts, and bric-a-brac, Australia has become spoiled for choice when it comes to markets. And with the festive ... go'. What is market stall insurance? Operating a market stall at ... wide range of potential risks. Insurance for market stall holders is ...

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5 Reasons To Review Your Business Insurance This Christmas

Christmas can be a busy (as well as stressful!) time for many small businesses.  Come December the big Christmas countdown is on as people are busy preparing for the ... levels.  Do you have Business Insurance to cover your stock and ... you're protected within your Business Insurance pack, as with increased trading ...

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The Easter Bunny's Guide to Business Insurance

Each year at Easter millions of kilograms of chocolate are purchased and consumed around the world. In Australia alone close to $200 million is spent on Easter chocolate ... stop working? Within a Business Insurance pack the Easter Bunny would ...

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Reviews related to personal professional indemnity insurance

  • Great website - super easy to obtain personal trainers insurance!

    Ken R
    Personal Fitness Trainer/Service

  • Easy & intuitive website for generating multiple professional indemnity quotes. Good personal follow-up by friendly brokers.

    Malindi M
    Management Consulting Service

  • Bizcover makes professional insurance easy. Good selection of insurance varieties and options. Easy to review, change and renew. Competitive rates.

    Darren J
    Real Estate Agency Service

  • Thank you Kreenal , I have now bound Storr & Co PI policy. I really appreciate your thoroughness in training yesterday.

    Toni S
    Accountant / Accounting Service

  • Fantastic. Needed to organise business insurance for a new business over the Christmas holiday period. No other insurance companies were open. What a relief I could search, compare and secure a new insurance policy online through BizCover! Highly recommen

    Katherine W
    Motel Operation

  • I compliment your company on such an easy and effortless way to acquire insurance with good information when comparing Insurer options.

    Tim M Mesic
    Architecture & Surveying

  • 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

  • Very responsive service and competitive insurance pricing. Thank you Wanda

    Wanda B Buza
    Registered Migration Agent

  • Thanks, needed insurance in a hurry as just offered a contract for this weekend. Everyone else was st home!

    Pippa B Blatch
    Retail

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Get the cover that is right for you

With BizCover you can choose policies with cover between $250k to $10m, from 8 different insurers. When considering how much cover you will need you should think about:

  • What are the potential risks (what could go wrong) and what could be the potential costs to rectify any mistakes?
  • What is the value of the jobs that you perform?
  • Are there any statutory requirements for your profession?
  • Does your professional body have any requirements for membership? For example Accountants are required to have a minimum of $2 million of cover to join the CPA.
  • What could be the legal and investigation costs of any action taken against you?

And remember, as your business grows it is important to assess your exposure to risk and increase your level of cover accordingly.