Professional Indemnity Insurance Perth
- Compare multiple insurers online
- Competitive pricing with our Price Promise
- Flexible payment options – monthly or annually
Compare quotes from our trusted insurance partners:
Do I need Professional Indemnity insurance?
... 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 moreHow the cost of Professional Indemnity insurance is calculated
... 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 moreProfessional Indemnity Insurance cost
... performing, and do they have a previous history of claims? Your individual claims history Professional Indemnity (PI) insurance is an essential form of protection for businesses that provide specialist services or advice ...
read moreProfessional Indemnity Insurance
... : What's included & what's not? Professional Indemnity Insurance Cost Professional Indemnity insurance Professional Indemnity insurance is designed for professionals who provide a specialist service or advice, providing ...
read moreWhat is Professional Indemnity Insurance?
... of events which may result in a Professional Indemnity insurance claim. Professional Indemnity Insurance defined Professional Indemnity insurance protects professionals against claims of negligence or breach of duty ...
read moreWhat does Professional Indemnity Insurance cover?
... the chance of a claim occurring is real, no matter how good you are at your profession. Professional Indemnity insurance is designed to protect you from a wide range of potential risks. Even seemingly small errors, could ...
read moreHow Does Professional Indemnity Insurance Benefit You?
... of skill, which is expected from them. Purpose of Professional Indemnity Insurance The primary purpose of professional insurance is to protect the professionals against any financial losses from lawsuits, which can be ...
read moreDo I need Public Liability insurance?
... Ensure you are capable of handling a Public Liability claim, regardless of whether it is true, with Public Liability Insurance. Let the insurers and lawyers take care of the claim so you can get back to what you do best ...
read moreBusiness Insurance Perth
... Indemnity insurance* May be requested to hold a certain level of cover to work on contracts Required by your industry board or body to become a professional member The types of business insurances* your Perth ...
read more7 Things Accountants Needs to Consider When Applying For Professional Indemnity Insurance
... 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 moreA Guide to PI Insurance
... 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 moreHow much does Professional Indemnity Insurance Cost for Accountants?
... 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 moreProfessional Indemnity Claims: when should I notify my insurer?
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 moreHow much does Professional Indemnity Insurance Cost for IT professionals?
... 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 moreHow much does Professional Indemnity Insurance Cost for Real Estate Agents?
How 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 moreThe benefits of Professional Indemnity insurance
... small business owners strive to achieve. Firstly, let's explain what Professional Indemnity insurance is Professional Indemnity (PI) insurance offers protection for businesses that provide specialist services or ...
read moreProfessional Indemnity Insurance for Civil Engineers
... construction of structures typically used by the general public. What is Professional Indemnity insurance? Professional Indemnity (PI) insurance * is an important form of protection for businesses that provide specialist ...
read moreAdditional Cover for Professional Indemnity Insurance
... 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 moreWho needs Professional Indemnity insurance?
... a further look at the nitty-gritty of all things Professional Indemnity insurance. What is Professional Indemnity insurance? Professional Indemnity insurance is designed to respond to claims against your business for ...
read more7 Facts about Professional Indemnity insurance
... look at 7 facts about this important form of business insurance. What does Professional Indemnity insurance provide cover for? Professional Indemnity insurance is designed to respond to claims against your business for ...
read moreThe difference between Public Liability and Professional Indemnity insurance
... customers or the public Recommended reading : Do I need Public Liability Insurance? Do I need Professional Indemnity insurance? Professional Indemnity insurance is an important form of cover to consider for: Anyone who ...
read moreWhy some tradies should consider Professional Indemnity insurance
... you may not think it'll happen, each of these situations pose a risk to your business. Luckily, Professional Indemnity insurance is designed to protect you from these risks so you can get back to doing what you do best ...
read moreWhat are the potential risks if I cancel my Professional Indemnity cover?
... . So, by cancelling your cover, you run the risk of breaching your agreements. From the date your Professional Indemnity insurance is cancelled you will have no cover in place for any past, present, or future services or ...
read moreWhat you need to consider when purchasing Professional Indemnity insurance
... can save a lot of confusion in the event that you may need to make a claim. How much Professional Indemnity insurance cover do I need? Each business is different with their own factors that can determine the amount of ...
read moreProfessional Indemnity for Real Estate Agents
... 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 moreTop 5 Reasons for Having Professional Indemnity and Public Liability Insurance
... 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 moreAccountant saved from paying $200K with Professional Indemnity Insurance: A Case Study
... 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 moreWhat Limit of Professional Indemnity Insurance Do I Need?
... ; 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 moreProfessional Indemnity Insurance 101: For Allied Health Professionals
... 's essential their lives are also properly protected. One of the best ways to protect yourself is with professional indemnity insurance . This type of policy provides cover for people who risk legal action as a result of ...
read moreProfessional Indemnity Insurance 101 for Allied Health and Alternative Therapy Professionals
... 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 moreProfessional Indemnity Insurance for Consultants
... are at risk.One way to ensure that this never happens to you, is by purchasing something called Professional Indemnity Insurance , this is a very safe option to assure you are covered in the event that someone files suit ...
read moreSometimes Professional Indemnity Insurance is Needed
... 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 moreMisconceptions Around Professional Indemnity Insurance
... word can spread like wildfire over the internet and community. This is where the value of professional indemnity insurance can be recognized. If you were somehow involved in consulting or advising a client and they have ...
read moreInsurance for Nurses
... 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 morePI Index: Premiums Decline 10 Straight Quarters
... 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 moreWhat are the Insurance Options for Land Surveyors?
... 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 moreInsurance for Nurses
... 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 moreInsurance for Registered Tax Agents
... 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?
How 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 moreInsurance for Bookkeepers & BAS Agents
... , 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 moreInsurance for Architects
... lead to a costly Professional Indemnity claim. Thankfully, Professional Indemnity insurance is designed to ... Did you know that PI insurance is known as 'claims made' cover, which means you need PI insurance to be in ...
read moreWhat are some types of insurance available for small businesses?
... . Professional Indemnity insurance* If your business delivers professional services or advice, then Professional Indemnity insurance is a business insurance to consider. Professional Indemnity (PI) insurance* is ...
read more7 Types of Insurance Your Small Business Should Consider
... your business or profession involves providing a service or advice, then Professional Indemnity (PI) Insurance is a must have. It protects professionals against liability for damages, and the legal costs associated with ...
read moreBusiness Insurance
... and defence costs associated with a covered claim . Professional Indemnity (PI) insurance* provides protection for businesses that provide specialist services or professional advice. It is designed to respond to claims ...
read more5 Questions to ask yourself before buying Insurance for your Small Business
... or sustaining property damage as a result of your negligent business activities. Professional Indemnity insurance Professional Indemnity (PI) insurance offers protection for businesses that provide specialist services or ...
read moreInsurance for Registered Migration Agents
... 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 moreHow to start your own accountancy business
... miscalculations can still occur^. This is where Professional Indemnity insurance* can become a vital form of cover. Professional Indemnity (PI) insurance offers protection for businesses that provide specialist services ...
read moreBusiness Insurance Guide for the Self-Employed – Part 2
... of Professional Indemnity insurance. What is P rofessional Indemnity insurance * ? Professional Indemnity insurance ... of $250,000 was paid (and covered by the architect's PI policy) . What is run-off cover? Run-off cover ...
read moreA Broker Divided – Is BizCover’s Michael Gottlieb a Threat to Broking or its Future?
... started trying to do was sell insurance - whether it was D&O or professional indemnity - but really focusing on ... , Gottlieb soon had the ability to offer quotes for PI cover from his three suppliers just a few seconds ...
read moreThe Remaining Risk: What Isn’t Covered and Why it Matters
... a rough idea of what's covered will certainly come in handy. For example, if you purchase Professional Indemnity (PI) insurance you should know that you're covered for any damages claims awarded against you, plus defence ...
read moreWho is Covered Under an IT Liability Policy?
... policies combine Professional Indemnity (PI), Public Liability and Products Liability to cover the IT professional from a ... insurances in addition to professional indemnity. The benefit of having professional indemnity ...
read moreA Mumpreneurs Guide to Understanding Business Insurance
... think about Professional Indemnity insurance. Even the most experienced professionals can make accidental mistakes, and that’s where Professional Indemnity insurance can help. Professional Indemnity (PI) insurance* is a ...
read moreInsurance for Civil Engineers- what you need to know
... 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 moreInsurance for Electricians
... back a couple of grand. Professional Indemnity Insurance Protection for electricians that have clients who rely on the professional advice that they provide. Professional Indemnity (PI) insurance is an important form of ...
read moreA guide to setting up your own sole trader contracting business
... sustaining property damage as a result of your negligent business activities. Professional Indemnity insurance* Professional Indemnity (PI) insurance offers protection for businesses that provide specialist services or ...
read moreThe Risks of Growing Your Small Business
... of themselves, but the primary insurances - public liability and professional indemnity - are crucial. Ignore them ... faulty product. This cover is essential. Professional Indemnity ('PI') is different in that it protects ...
read moreInsurance for Allied Health Professionals
... 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 moreUnderstanding Insurance for Physiotherapists
... protection , it is a registration requirement for physiotherapists practi s ing within Australia. Professional Indemnity (PI) insurance is designed to respond to claims against your business for losses as a result of ...
read moreUnderstanding Insurance for Graphic Designers
... of an unhappy client making a claim. This is why Professional Indemnity insurance is an important coverage to consider. Professional Indemnity (PI) insurance is a form of protection for businesses that provide specialist ...
read moreUnderstanding Insurance for Interior Designers
... client to make a claim . In scenarios like these, Professional Indemnity insurance can help protect your business. Professional Indemnity (PI) insurance is an important form of protection for interior designers to look ...
read moreInsurance for Land Surveyors
... 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 moreInsurance for Project Managers
... Professional Indemnity insurance covers you anywhere in Australia. Get the cover for your business Professional Indemnity ... the provision of your professional consulting service or advice. PI Insurance will also assist ...
read moreUnderstanding run-off insurance
... purchased once for a selected period of time by the insured. If you need to get your Professional Indemnity or Run-Off insurance sorted for your business today, get in touch with BizCover today. We provide multi-year Run ...
read moreInsurance for Disability Workers
... 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 moreUnderstanding business insurance for bookkeepers
... in rendering professional services. Professional Indemnity insurance* One of the basic types of insurances you need to consider as a bookkeeper is Professional Indemnity insurance . Professional Indemnity insurance is ...
read moreUnderstanding insurance for recruitment consultants
... Let's take a look at the importance of the different kinds of business insurances you need to think about. 1. Professional Indemnity insurance * As a recruitment consultant, you have the skills and expertise to match the ...
read moreInsurance for Consultants
... in … How much does Professional Indemnity Insurance cost for Consultants? What is Professional Indemnity insurance? 7 Types of Insurance Your Small Business Should Consider Cyber Insurance: Is it worth it? Customer ...
read moreInsurance for Accountants
... 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 moreInsurance for Psychologists
... 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 result ...
read moreBusiness Insurance Melbourne
... certain contracts Required before you work on a construction site A requirement of a rental agreement Professional Indemnity insurance* May be requested to hold a certain level of cover to work on contracts Required by ...
read moreA sole traders and freelancers guide to business insurance
... when out visiting a client whilst delivering your services. What is Professional Indemnity insurance*? Professional Indemnity insurance is an important form of protection for businesses that provide specialist services ...
read moreInsurance for Yoga Teachers
... 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 moreInsurance for Social Workers
... 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 moreThe Risky Business of Insurance
... 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 moreInsurance for Carpenters
... lead to potential claims if things don't exactly to plan and an accidental error occurs. Professional Indemnity insurance protects you against losses claimed by a third party due to alleged or actual negligence or errors ...
read moreAllied Health Combined Liability Insurance
... professions. Here's a snapshot of what Professional Indemnity and Public Liability insurance provide cover for. Professional Indemnity Insurance A Professional Indemnity claim could be enough to cripple your allied ...
read moreInsurance for Real Estate Agents
... 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 moreInformation Technology Liability Insurance
... a snapshot of what Professional Indemnity and Public and Products Liability insurance provide cover for. Professional Indemnity insurance Professional Indemnity insurance secures IT professionals and their businesses for ...
read moreFinding the Right Business Insurance Can Be Hard but BizCover Makes it Easy
... negligence Contractual liability Events occurring before or after the policy period Professional Indemnity insurance* Professional Indemnity insurance is an important form of protection for businesses that provide ...
read moreInsurance for IT Professionals
... be no dispute between insurers as to which policy should respond to a claim. Insurance for IT Professionals Professional Indemnity insurance* The IT world is a fast-changing environment, and whether you're involved in ...
read moreInsurance for Professionals
... 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 moreBusiness Insurance FAQs
... is Professional Indemnity Insurance? What does professional indemnity insurance cover? Do I need professional indemnity insurance? How much does professional indemnity insurance cost? How much does professional indemnity ...
read morePublic Liability Insurance VIC PPC
... alleged negligent business activity*. This differs from the type of coverage Professional Indemnity insurance* provides. Professional Indemnity insurance focuses on protecting you against losses claimed by a third party ...
read moreA quick guide to understanding small business insurance
... with third parties from clients to members of the public and suppliers. Professional Indemnity insurance* Professional Indemnity insurance is designed to respond to claims against your business for losses as a ...
read more7 Surprising ways business insurance can help your company
... types of coverages you may need to consider: Professional Indemnity insurance * - If your business involves providing professional advice and services then Professional Indemnity insurance is a no-brainer. It is designed ...
read moreInsurance for Civil Engineers
... an important form of cover to protect you against injuries or damage to third parties. Professional Indemnity insurance protects you against claims that may arise from a client who experiences a loss as a result ...
read moreInsurance for Finance & Mortgage Brokers
... 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 moreInsurance for Engineers
... 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 moreInsurance for Martial Art Teachers
... 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 moreInsurance for Hair & Beauty Services
... 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 morePublic Liability
... alleged negligent business activity*. This differs from the type of coverage Professional Indemnity insurance* provides. Professional Indemnity insurance focuses on protecting you against losses claimed by a third party ...
read moreKeep calm and stretch on with Yoga Teacher insurance
... 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 moreBizCover expands into New Zealand and launches BizCover.co.nz
... platform (over 10,000 policies sold in the past two years), BizCover.co.nz provides professional indemnity insurance for over 100 different professions from New Zealand's leading insurers. BizCover provides a simple ...
read moreInsurance for Electrical Engineers
... 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 moreInsurance for Massage & Alternative Therapies
... 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 moreInsurance for Personal Trainers
... 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 moreUnderstanding Insurance for Mortgage Brokers
... as a result of your actual or alleged negligence from the delivery of your professional service. Professional Indemnity insurance will also assist with the legal costs associated with responding to or managing claims ...
read moreUnderstanding Insurance for Real Estate Agents
... their property journey , and no matter how much car e you may take mistakes can still occur. Professional Indemnity insurance is designed to respond to claims against your business for losses as a result of actual or ...
read moreFive Tips for Starting your Home-based Business
... 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 moreReviews related to Professional Indemnity Insurance Perth
-
Easy & intuitive website for generating multiple professional indemnity quotes. Good personal follow-up by friendly brokers.
Malindi M
Management Consulting Service
Professional Indemnity insurance
Professional Indemnity insurance is designed for professionals who provide a specialist service or advice, providing protection for financial loss and legal costs in the event of a claim. This claim may be a result of an actual or alleged negligent act, error or omission whilst providing your professional service or advice.
Here’s the lowdown on Professional Indemnity insurance*
You’re a professional and there is no doubt you are good at what you do. However, mistakes happen even with the most professional operators.
Professional Indemnity claims can arise from simple things like
- giving incorrect advice
- a miscalculation
- incorrect diagnosis or treatment
- an act, omission or breach of duty
- engaging in misleading or deceptive conduct
- loss of documentation
- inadvertently defaming someone
- failing to meet a deadline
- not meeting your clients expectations
Excellence in Customer Service
Independent feedback from our customers rated our service at excellent.
What’s typically included?*
Depending on the Professional Indemnity policy selected, your policy could cover you for liabilities arising from but not limited to: non-intentional or non- deliberate professional misconduct such as:
- Providing your client with misleading or negligent advice
- Breaching your professional duty
- Confidentiality and other privacy breaches
- Defamation, libel or slander
- Loss of or damage to documents
- Infringement of intellectual property
- Payment of compensation as a result of a claim, including but not limited to Court awarded damages
- An award of legal costs against you
- Reasonable legal costs incurred in defending or responding to the claim
- Claim investigation costs
- Disciplinary proceeding costs
- Depending on the type of Professional Indemnity insurance policy you have, it may extend to provide cover for public relation costs to help protect your business’ reputation
For allied health professionals your Professional Indemnity insurance policy extends to provide cover for bodily injury or illness claims arising from the professional services covered by the policy.
What is typically not covered?*
- Intentional damage or misconduct
- Contractual liabilities
- Professional fees refunds
- Known claims and circumstances that may have occurred prior to the period of insurance
- Acts of fraud and dishonesty
- Accidental injury and property damage ( these kind of claims would typically be covered by Public Liability insurance)
How Much Cover Should I have ?
With BizCover you can choose policies with levels of cover between $250,000 to $10 million, from the leading insurers on our website.
When considering how much cover you may need you should think about:
- What are the potential risks (what could go wrong) and what could be the potential cost of a claim if something does go wrong?
- The value of projects you work on or the value of your services
- Any statutory requirements for your profession
- The requirement of any professional body or association of which you are a member. Remember, as your business grows it is important to reassess your exposure to risk and increase your level of cover accordingly.
Why choose BizCover for your Professional Indemnity insurance
Built for small business
We know insurance and what makes small businesses tick.
Clear and competitive pricing
You can compare and choose from a range of highly competitive prices right there on your screen. Seriously.
Cover to match your needs
You can tailor policies from selected Australian insurers to suit the needs of your business, and we are there to help!
Real people adding real value
Our friendly service team is on hand and on a mission to make you smile!
Frequently Asked Questions on Professional Indemnity Insurance
Professional Indemnity insurance* can protect those who provide professional advice or services to their clients. Some of these traditional occupations include accountants, architects, engineers and many more.
Even for those in more hands-on professions like life coaches, consultants and event managers can still consider the benefits of Professional Indemnity insurance.
Regardless of which industry you operate in, as a professional, you have a responsibility to deliver professional advice and services of the highest quality. A professional indemnity policy is intended to provide financial protection if a client were to make a claim against you for negligent acts or omissions in the provision of your professional service or advice. Could your business afford the legal fees and associated costs that come with a claim?
Professional Indemnity insurance is not always mandatory requirement. However, for some professions it is a legal requirement or a mandatory requirement as part of the professional licence or membership to the relevant industry association. It can also be a contractual requirement. It is always best to check with your relevant industry body if it is a legal requirement and if a minimum level of cover is required.
When it comes to the cost of your Professional Indemnity insurance, there’s no one price fits all policy. Every business is different, with each occupation carrying a different level of risk. The general rule is – the higher the risk, the higher the premium.
These factors can also impact the cost:
- Your business revenue
- Size of your business
- Amount of coverage required
- Who is being covered by the policy? Are they qualified to perform the job?
- Claims history
You can find more information here on Professional Indemnity cost and pricing factors.
While both types of policies are there to protect your business against third-party claims that may occur from your business activities, they cover very different liabilities.
Public Liability insurance* protects your business if a customer, supplier or member of the public are injured or sustain property damage as a result of your negligent business activities. It also assists with the legal costs associated with managing claims covered by the policy.
Professional Indemnity insurance is designed to respond to claims against your business for losses as a result of actual or alleged negligent acts or omissions in the provision of your professional service or advice. It will also assist with the legal costs associated with responding to or managing claims which are covered by the policy.
Management Liability insurance* protects directors and officers and the insured company itself from the many exposures relating to the management of a company. Owners and those responsible for the management of a company have specific responsibilities which can result in personal liability for alleged or actual wrongdoing.
Management Liability is often offered as a packaged product including Directors and Officers Liability, Corporate Liability, Employment Practice Liability, Crime and Statutory Liability.
Professional Indemnity protects you against losses claimed by 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 defence costs (which can include legal costs, investigator costs and expert fees).
When it comes to making a claim on your insurance, we understand that it can be a difficult time and that’s why we want to make it as stress-free as possible. To help guide you through, we’ve created a simple outline of the claims process.
Start the claims process by downloading and completing our claims form.
Please email the completed form to our friendly claims team at [email protected].
We process all our claims online so you can lodge it anytime, 24/7.
Leave the rest with us. Once we receive the claim form, we then manage the claim directly with the insurer. We pride ourselves on handling claims promptly, keeping you up to date every step of the process.
Top tips to help speed up the claims process:
- Fill out the form correctly with all the required details, as accurately as possible.
- Include any relevant documents, photos, invoices etc.
- Check your policy excess. If the amount you are claiming for is less than the excess, then it may not be worth claiming.