Whether you’re an architect, an IT consultant or or a real estate agent, Professional Indemnity insurance* is something you may wish to consider to help safeguard your business.

Getting your business insurance sorted as a tradie is all about protecting yourself from risk.

Sydney, 24 June 2025 –

Navigating the world of business insurance can be confusing which is why we’ve made it our mission to make it a bit easier. We’ve created a guide to business insurance for the self-employed that profiles the main types of cover to consider and how it can protect you for the long run.

Australian builders can get insurance to protect just about most parts of their business. This includes tools and materials, tool and equipment cover, contract works, and protection against worksite hazards. But there might be one part of their business that’s not yet covered—their professional services and advice.

For busy professionals, providing expert advice and specialised services assisting your clients is all in a day’s work. But even though you take great care to deliver a high standard of expertise, the reality is claims can still occur, even when you least expect it.

Professional Indemnity insurance* is designed for professionals who provide a specialist service or advice.

There are many different types of industry experts that fall into the professional’s category from real estate agents to architects, education consultants and allied health specialists.

From 1 July 2026, registered practitioner will be required to hold Professional Indemnity insurance under the Design and Building Practitioners (DBP) Act 2020. To learn more about this new insurance regulation, we reached out to our partner Lawpath to break down some of these changes.