Professional Indemnity Insurance Price Comparison

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Professional 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 ...

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Professional Indemnity Insurance

... 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 ...

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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. ...

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What 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 ...

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What 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 ...

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Do I Need Public Liability insurance?

... has any interaction with clients, suppliers or any other third-party, or you sell any form of products, Public Liability insurance is a small price to pay for big peace of mind. What if I don't have Public Liability ...

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8 Facts About Professional Indemnity Insurance

... in the provision of your professional service or advice. PI Insurance will also assist with the ... and if they've joined a professional organisation. 5. The price of Professional Indemnity insurance varies. There's no one ...

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Who 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 ...

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A 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 ...

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Insurance 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 ...

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7 Common Types of Small Business Insurance

... business! Related: Public Liability Insurance explained 2. Professional Indemnity Insurance If your business or profession involves providing a service or advice, then Professional Indemnity (PI) Insurance is a must have ...

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Insurance for Nurses

... Prices start from $277.75 per annum* Meets the requirements of Nursing and Midwifery Board of Australia (NMBA) Tailored for nurses requiring insurance ... minimum requirements for Professional Indemnity Insurance (PI) for all ...

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Insurance for Psychologists

... not reflect pricing for your particular business as individual underwriting criteria will apply. Get a hassle-free quote for your business here. Insurance for Psychologists Professional Indemnity Insurance* Psychologists ...

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PI And PL Insurance

... 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 ...

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Business Insurance

... “How much does Business Insurance cost?” . Unfortunately, there's no one -price fits all answer. S ... Professional Indemnity (PI) insurance* provides protection for businesses that provide specialist services or professional ...

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Insurance for Electricians

... Liability policy! Professional Indemnity Insurance* Professional Indemnity (PI) insurance covers electricians for ... risks, so it makes that your insurance policy is priced based on your individual factors and circumstances ...

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Business Insurance in Townsville

... the cost of replacing broken glass, damaged stock, failed equipment and more! Professional Indemnity insurance* Professional Indemnity (PI) insurance offers protection for businesses that provide specialist services or ...

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BizCover SME Insurance Price Index Q1 FY21

... from a 4.1% decrease in prices and Professionals a 3.5% decrease. Professionals were also able to capitalise on a 1.3% decrease in prices quarter on quarter for Professional Indemnity insurance. The one area that has ...

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Insurance for Hair & Beauty Services

... price options backed by our Price Promise We also have public liability coverage options for home based salon Compare quotes from our trusted insurance ... your reputation. Professional Indemnity insurance is designed to ...

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Public Liability Insurance VIC PPC

... as a guide only.  It may not reflect pricing for your particular business as individual underwriting criteria will ... of coverage Professional Indemnity insurance* provides. Professional Indemnity insurance focuses on ...

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Insurance for Massage & Alternative Therapies

... a guide only.  It may not reflect pricing for your particular business as individual underwriting ... health funds require providers to hold a current Professional Indemnity insurance policy with at least $1 million worth of ...

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Insurance for Accountants

... insurance prices we can! Did you know? CPA (Certified Practising Accountants) and ICAA (Institute of Chartered Accountants Australia) require a minimum of $2million in professional indemnity cover. Common insurance ...

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Insurance for Real Estate Agents

... Price Promise Compare quotes from our trusted insurance partners*: Why do Real Estate Agents need Insurance ... should something go wrong. That's where Professional Indemnity Insurance comes in. It is designed to respond ...

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Insurance for Tradesmen

... 's where Professional Indemnity insurance can provide a helping hand. Professional Indemnity insurance covers you for ... isn't a one-price fits all kind of tradie insurance policy, the pricing is dependent on your ...

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Insurance for Carpenters

... Liability policies. Professional Indemnity insurance Professional Indemnity insurance protects you ... Insurance? Built for small business We know insurance and what makes small businesses tick. Clear and competitive pricing ...

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Insurance for Makeup Artists

... 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 ...

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Business Insurance in Geelong

... Regardless of whether it's mandatory, you may still want to consider getting a policy. Professional Indemnity insurance can help you respond to claims of negligence, giving incorrect advice, missing deadlines, and other ...

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Business Insurance Savings

... Competitive pricing with our Price Promise Compare quotes from our trusted insurance partners*: Insurance for ... legal & defence costs for covered claims Professional indemnity insurance Covers you for losses claimed by a ...

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Insurance by Industry

... professionals and that's why our comprehensive insurance offerings include: Professional Indemnity , Public Liability , Business Insurance , Management Liability , Cyber Insurance ... at the right price. Industries & ...

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Professional 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 ...

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Professional 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 ...

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Claim for Professional Indemnity

... Easy online claims form Need help? Call 1300-249-268 Compare quotes from our trusted insurance partners: Professional Indemnity It's important to notify your insurer as soon as possible of all actual and potential ...

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PI Index: Premiums Decline 10 Straight Quarters

... 2 years and are now at levels where insurers are no longer willing to reduce any further. As an example, the cost of Professional indemnity insurance for some Allied Health professionals can be as low as $20 per month.”

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Fitrec and Health People

... to protect you against a range of risks, including allegations of professional negligence by your clients. Professional Indemnity (PI) insurance* is an important form of protection for businesses that provide specialist ...

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How to become an architect in Australia

... short answer is yes. Australian architects are required to have certain types of insurance to practice in the country. Professional Indemnity insurance (PI) covers you for losses claimed by a third party & defence costs ...

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Salon owners urged to consider combined cover

... 's a snapshot of what P I and P L insurance provide cover for. Professional Indemnity (PI) insurance P rofessional Indemnity cover is an essential policy for professional beauty workers. It's designed to protect against ...

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Insurance for Registered Tax Agents

... sold Peace of mind with our Price Promise Compare quotes from our trusted insurance partners*: Why do Registered Tax Agents need Insurance? Professional Indemnity (PI) insurance is designed* to provide protection for ...

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Insurance 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 ...

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Insurance 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 ...

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How to start an accounting practice in Australia

... things you need to consider with this option include: The price of the business, make sure you do your math and ... Professional Indemnity insurance* can become a vital form of cover. Professional Indemnity (PI) insurance ...

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Insurance for Allied Health Professionals

... Competitive pricing on combined PL & PI cover Compare quotes from our trusted insurance partners*: Combined Liability Insurance cost for Allied Health Professionals Why do Allied Health Professionals need insurance? As ...

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Who 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 ...

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Insurance 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 ...

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Understanding 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 ...

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The risks of growing your small business

... production gives you the opportunity to have a lower price point, consider passing on a discount to your ... of themselves, but the primary insurances - public liability and professional indemnity - are crucial. Ignore them ...

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Guide to Physiotherapy Business insurance

... provide vital protection, it is a registration requirement for physiotherapists practising within Australia. Professional Indemnity (PI) insurance is designed to respond to claims against your business for losses as a ...

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Understanding Insurance for Interior Designers

... unhappy 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 ...

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Insurance 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 ...

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The 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 ...

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What is run-off insurance and who needs it?

... 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 ...

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Insurance for Consultants

... ,000 small businesses Up to $10m Professional Indemnity cover Peace of mind with our Price Promise Compare quotes from our trusted insurance partners*: Why do Consultants need insurance? You offer game-changing results ...

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Information 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 ...

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Insurance for Disability Workers

... guide only. It may not reflect pricing for your particular business as individual ... insurance package includes Professional Indemnity* and Public Liability* insurance. Professional Indemnity An important form of insurance ...

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Reviews related to Professional Indemnity Insurance Price Comparison

  • 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

Professional Indemnity explained further…

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?

BizCover - Built for Small Businesses

Built for small business

We know insurance and what makes small businesses tick.

BizCover - Clear and Competitive Pricing

Clear and competitive pricing

You can compare and choose from a range of highly competitive prices right there on your screen. Seriously.

BizCover - Cover to match your needs

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!

BizCover - Real People

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 requirementIt 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 claims@bizcover.com.au. 

We process all our claims online so you can lodge it anytime, 24/7.  

Leave the rest with usOnce 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.
 This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording.