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.

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.

Professional service providers face unique on-the-job risks. Providing expert advice, designing custom solutions, and representing a client’s interests on their behalf create professional indemnity exposures that could have a huge impact on your small business.

Professional Indemnity claims often arise from alleged negligence. A client may assert that your work, advice, or service caused them a financial loss. Even if this is not true, the impact can be devastating. For small businesses without legal teams or big financial buffers, these allegations and lawsuits can be especially draining.

There’s never a dull moment working as a project manager, with so many complex elements and things going on to get the job done. It’s no secret that you need to be on top of your game in this industry to ensure that everything is going to plan, running on time and sticking to the budget.

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.

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

Working as a graphic designer is an exciting and creative job but like other professions, it has its own risks. Some you probably wouldn’t expect. Clients invest in your artistic talents and have high expectations when it comes to you delivering on projects. When things don’t go to plan, that’s when your business insurance comes into play.

Buying any insurance, can be a confusing and time consuming process. And when it comes to getting your Professional Indemnity Insurance, it can be even more so. Here are 7 tips for Accountants to consider when it comes time to get their PI sorted.