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.

Australian builders can get insurance to protect just about any part of their business—from tools and materials, tool and equipment cover, contract works, and protection against worksite hazards like property damage and workplace accidents. But there might be one part of your business that’s not yet covered—your professional services and advice.

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.

When your business uses contractors to perform certain services on your behalf, there is always the potential risks for things to go wrong. Our guide looks at some tips on how you can minimise risk and the steps you can put in place to create a safe and effective working relationship with your contractors.

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.

Pursuing a career in management consulting unlocks the door to a dynamic, intellectually stimulating and potentially high-reward professional life. Think of management consultants as architects of business success. They design the blueprints that help businesses overcome obstacles, improve performances and grow in the long run.

Every business has risks, including architecture firms. Whether you’re about to start an architectural firm or have worked in the industry for years, managing risks is part of the job. Let’s look at common architect risks and hazards that your business might face and ways to minimise them, like architect insurance.