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 ... consultant. An angry client who has suffered a financial loss based on your advice may turn around and file an insurance ... you, is by purchasing something called Professional Indemnity Insurance, this is a very safe option ...
read more... liability exposure, which may affect your personal assets if things go wrong. Insurance for Consultants Professional Indemnity* There are literally hundreds of different consulting professions, yet all are required ...
read more... your pearls of wisdom and professional services. Like any profession there ... providing your services. As a professional, considering Professional ... duty of care for the network of clients, contractors, other consultants and members of the public involved. One thing which civil ... . What is Professional Indemnity insurance? Professional Indemnity (PI) insurance* is an ...
read moreBuying any insurance, can be a confusing and ... it comes to getting your Professional Indemnity Insurance, it can be even more ... comes time to get ... Chartered Accountants ANZ you are required to provide information on your professional indemnity insurance. CA ANZ requires that professional indemnity covers each principal for at least $1 million value. CPA Australia ...
read more... misconception is that the claims professional indemnity insurance covers are only the experiences ... ... risk involved. Businesses or consultants whose insurance coverage is not sufficient may need to draw funds from their own pockets and that is never a good thing. With professional indemnity insurance you do not have this ...
read more... consumers is 'What limit of Professional Indemnity insurance do I need?' While this ... . If you belong to a professional association, it is always ... ; some provide Defence Costs in addition to the limit of Professional Indemnity insurance. You need to ensure your limit of Professional Indemnity Insurance is adequate to encompass both the claim and the costs in ...
read moreIf you are a professional and have your own company, ... also be referred to as professional indemnity insurance. Professionals are expected to possess ... your own company, then it is advisable that you have professional insurance, which can also be referred to as professional indemnity insurance. Professionals are expected to possess extensive technical knowledge in their ...
read more... to protect yourself is with professional indemnity insurance. This type of policy provides ... ... any damages awarded as a result of the claim - no matter whether it's proven or not. Professional indemnity insurance gives people in the health or alternative therapy professions, and their families, peace of mind that ...
read more... to protect yourself is with professional indemnity insurance. This type of policy provides ... ... any damages awarded as a result of the claim - no matter whether it's proven or not. Professional indemnity insurance gives people in the allied health professions, and their families, peace of mind that their assets are ...
read moreProfessional indemnity insurance is handcrafted to provide coverage ... the policy holder due to professional carelessness or accusations. Sometimes, ... that any potential policy holder needs to consider when deciding upon whether or not they should buy professional indemnity insurance is the potential financial loss that can occur as a result of legal fees whether or ...
read more... claims history Professional Indemnity (PI) insurance is an ... consultants, real estate agents and other allied health professionals. Even professional photographers should consider holding Professional Indemnity insurance ...
read more... over can have an impact on the cost of your Professional Indemnity policy. Generally, the higher the revenue your business generates, the higher your PI insurance premium will most likely be. For example, an accountant ...
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 ...
read more... which often require Professional Indemnity insurance include: Allied Health Professionals Management Consultants Recruitment Consultants Engineers Marketing Consultants IT Professionals Nurses Building Inspectors ...
read more... your industry professional body or regulator requires you to hold Professional Indemnity (PI) cover. ... ignoring it won't go away. Don't despair. Professional Indemnity insurance is your best defence when faced with a claim. ...
read more... , Management Consultants, Accountants, Estate Agents etc. Could this happen to your business? No matter how good you are at your job, we're all human and we all make mistakes. Professional Indemnity Insurance allows you ...
read more... how the cost of a Professional Indemnity (PI) insurance policy is calculated and why ... that impact the cost of Professional Indemnity insurance. Insurance ... Professional Indemnity (PI) insurance policy is calculated and why one profession can often cost more than another? We look some of the key factors that that impact the cost of Professional Indemnity insurance. Insurance ...
read more... Fernando for his certificates of insurance - it's just part ... is not only insured with professional indemnity, but also with the additional .. ... expect his business to be covered by professional indemnity insurance to ensure there is cover in place ... damage, it is vulnerable to costly legal action. PI Insurance protects small businesses from this type of action. ...
read more... firm was insured with a Professional Indemnity Policy to the value of ... ... covered for a $221 000 payment after the Tax Office fined a client. The firm was insured with a Professional Indemnity Policy to the value of $2 million dollars with DUAL. Missing capital gains in a client’s tax return ...
read moreIn the Real Estate Industry Professional Indemnity Insurance provides essential financial protection against ... acts, errors and omissions from professional ... licenses under the Property, Stock and Business Agents Act 2002 hold a minimum of $1 million Professional Indemnity Insurance with a number of set policy inclusions. 1 Even with this requirement, it is worthwhile looking ...
read moreWhy do I need Professional Indemnity Insurance? Nobody is perfect, and we all make mistakes (even professionals!). That's why it's called 'Professional' Indemnity insurance, or PI. It's designed to protect people who ...
read more... 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 ...
read moreNavigating the world of business insurance can be confusing which is ... created a guide to business insurance for the self-employed that ... the ins ... Professional Indemnity insurance is an important form of protection for businesses that provide specialist services or professional advice. Some of these types of professions include accountants, architects, consultants ...
read moreYour Professional Indemnity (PI) insurance is no doubt one of ... against your business. Like all insurance policies, there are several important ... Your Professional Indemnity (PI) insurance is no doubt one of the most vital covers you have for your business. If things don't quite go to plan it can provide much needed financial assistance for legal and compensation ...
read more... should hold and maintain Professional Indemnity and Public Liability insurance. #1 Protection against ... claims of negligence, malpractice and ... advice to clients in relation to their wellbeing or even for an allegation of professional misconduct. Professional Indemnity insurance provides protection for financial losses for any legal action against you. It covers ...
read more... member of the Village People? There's now a revolutionary solution; Professional Attire Insurance, that covers you for any damage to your professional uniform, offering a rapid replacement service for any stain, torn or ...
read moreEasy & intuitive website for generating multiple professional indemnity quotes. Good personal follow-up by friendly brokers.--Malindi M--Management Consulting Service
read more... Professional Indemnity Insurance simple (also known as errors and omissions insurance, PI or Professional Indemnity). What is Professional ... is to make Professional Indemnity Insurance simple (also known as errors and omissions insurance, PI or Professional Indemnity). What is Professional Indemnity Insurance? Professional Indemnity Insurance is a form of ...
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... should respond to a claim. Insurance for IT Professionals Professional Indemnity* The IT world is a ... professionals cover a broad range of modalities, including: Information Technology (IT) Consultant Computer Consultant ...
read more... it cover? A Disability Support Worker's insurance package includes Professional Indemnity* and Public Liability* insurance. Professional Indemnity* An important form of insurance that is designed to respond to claims ...
read more... injured and unfortunately it could be you as the teacher who will be held liable. That's why Professional Indemnity Insurance is an important form of cover for Yoga teachers. It helps respond to claims against you or ...
read more... which results in your client's injury could lead to a claim being made against you. Having Professional Indemnity insurance can help you respond to claims made against you or your business for losses incurred as a ...
read more... is Small Business Insurance. But what kind of insurance do you actually ... ... duty, so it's important you know the difference. Professional Indemnity Insurance is applicable to many professions, such as chiropractors, consultants, engineers, architects, real estate agents, and accountants, just to ...
read more... policy there is no guarantee that you will be given enough protection. Holding your own Professional Indemnity Insurance (PI) policy is the best way to ensure you are fully covered against financial loss for any ...
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 ...
read more... building development and monitoring and environmental measuring. Surveyors are experienced in ... ... and building development and monitoring and environmental measuring. Surveyors are experienced in measuring ... . Land Surveyor insurance should also be considered and this may include professional indemnity insurance.
read more... can make mistakes, and these errors or omissions could result in financial losses for your clients. Professional Indemnity insurance will protect your business from losses arising out of acts, errors and omissions from a ...
read more... of arranging your yoga teacher insurance go. As a yogi or ... business. Let us centre your insurance chakra by exploring some of ... ... the teacher who will be held liable. So don't leave it up to chance and consider Professional Indemnity insurance to protect you and your business. What it typically covers? The financial consequences of negligent acts ...
read more... third party due to alleged or actual negligence or errors in your professional pharmacy services or advice. Your Professional Indemnity insurance will cover the associated compensation payable to a third party together ...
read more... assets may be at risk if you don't have the appropriate insurance cover to protect you and your business. Insurance for Makeup Artists Professional Indemnity Insurance* As a makeup artist you're an expert when it comes ...
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 ...
read more... company itself from the many exposures relating to the management of a company. Think of it like this: where Professional Indemnity insurance covers the advice or service you provide to your clients, Management Liability ...
read more... your projects take you across the country, your Professional Indemnity insurance covers you anywhere in Australia. Get the cover for your business Professional Indemnity* Your role as a project manager brings a ...
read more... , 2011, the Tax Practitioners Board required Bookkeepers and BAS Agents to have Professional Indemnity (PI) insurance. Professional Indemnity insurance coverage helps to reduce the risk that an Agent will be made liable ...
read more... 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 come with a ...
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... Carpenters Cleaners Consultants Electricians Handyman IT Professionals Lawn Mowing ... traders who offer professional advice and services who are often required to hold a Professional Indemnity insurance policy*. Whether ...
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 moreThere 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 ... you 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 ...
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... should respond to the claim. Insurance for IT Professionals Professional Indemnity The IT world is a ... professionals covers a broad range of modalities, including: Information Technology (IT) Consultant Computer Consultant ...
read more... should respond to the claim. Insurance for IT Professionals Professional Indemnity The IT world is a ... professionals covers a broad range of modalities, including: Information Technology (IT) Consultant Computer Consultant ...
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... . 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 more... yourself and your company with insurance is a smart investment. Land ... ... ensure the land surveyor has the legal support required to defend their rights, Professional Indemnity Insurance can be crucial. PI insurance is designed to respond to claims against your business for losses as a result ...
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 more... leading-edge online insurance model that connects independent professionals and small ... businesses to critical Professional Liability (E ... This is unprecedented for this market. Professional Liability (E&O) insurance is just the beginning; over the ... insurance industry has been one of the slowest to innovate. Until now, sole proprietorships, consultants ...
read moreKnow you need business insurance but aren't sure how ... while and looking to buy insurance for the first time; there ... ... that you have. Often they will require you to have a minimum level of Public Liability or Professional Indemnity insurance however, you may decide that you need a higher level of cover than what is stipulated. Consider ...
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 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... expanded their general insurance offering to include business insurance, through a partnership ... , Australia's leading small business insurance ... process online or via the telephone with one of BizCover's trained consultants. Mark Pangrazio, iSelect's Head of Commercial for Health & General Insurance, said the company was thrilled to be partnering with BizCover to ...
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 ...
read moreWhen looking for Business Insurance, most small business owners typically ... ... or Territory department, body or agency, including professional fees for bookkeepers, accountants, lawyers and other associated costs. Every business has different insurance needs depending on the industry you operate in ...
read more... equipment, stock, plant and machinery, records and furniture belonging to you at the insured location. Building* - This insurance will cover for loss and damage to buildings you own, as a result of an insured event (such ...
read more... the right kind of business insurances in place. Regardless [] ... ... a 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 ...
read morePublic liability insurance covers your business for losses ... . Failure in obtaining public liability insurance policy can expose a business ... ... or 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 ...
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... Consultants need Insurance? You recruit the right employees for your clients; so it's important that you recruit the right insurance ... Professional Indemnity insurance for your Recruitment Consultancy.. This insurance is ...
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 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 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 ... cannot control other people's actions or environmental catastrophes. In other words, accidents do ...
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... 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... 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... 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... 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... can include legal costs and expenses as part of the limit of indemnity or 'in addition' to the limit of indemnity. Examples: Professional Indemnity sections are usually limited to a maximum amount for any one claim ...
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 more... -18. The main employing industry is Professional Scientific and Technical Services, an industry that ... insurance is……” Derek S. Geophysical Consultant What does Public Liability insurance cover? Public Liability insurance ...
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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. |
