Professional Indemnity Insurance Providers

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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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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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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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Professional 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 ...

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Do 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 ...

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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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Business 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 ...

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Insurance for pharmacy and pharmacists

... highly competitive pricing on pharmacy insurance compared to other providers of pharmacy insurance within the market. Liability Insurances for pharmacists Professional Indemnity insurance* provides cover for you as ...

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What is Professional Negligence?

... , reality is often quite different. As a professional service provider, special care should be taken to ensure you ... to avoid a lawsuit and getting Professional Indemnity insurance could help protect your small business. ...

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Insurance for Engineers

... million. What types of insurance do engineers need? Professional Indemnity Professional Indemnity is the most common policy ... 86 for their insurance † . However, 30% of engineering service providers insured through ...

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Insurance for HR Consultants

... HR consultants need? There are many types of insurance that HR consultants may consider, such as: Professional Indemnity insurance Professional Indemnity (PI) insurance is an important form of protection for businesses ...

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Insurance for Bookkeepers & BAS Agents

... Agents to have Professional Indemnity (PI) insurance. Professional Indemnity insurance coverage helps ... Professional Indemnity insurance. 3 things to consider when purchasing a Professional Indemnity policy Find a provider ...

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How to become a registered NDIS provider

... through the process to become a NDIS provider, you may consider the important role that NDIS worker insurance (including Public Liability insurance and Professional Indemnity insurance ) can play in reducing the exposure ...

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Insurance for Massage & Alternative Therapies

... a rebate from their health fund 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 ...

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Do online businesses need insurance?

... service or advice such as Professional Indemnity insurance . This insurance typically covers you for losses ... business if you are unable to reach your service providers quickly, or if they are not available or responsive ...

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8 Facts About Professional Indemnity Insurance

... representing someone else's interests on their behalf. Professional Indemnity (PI) insurance offers protection for businesses that provide specialist services or professional advice. It is designed to respond to claims ...

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Who needs Professional Indemnity insurance?

... , unexpected accidents can still occur. This is where Professional Indemnity insurance comes in. What is Professional Indemnity insurance? Professional Indemnity insurance is designed to respond to claims against your ...

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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 And PL Insurance

... can help you protect your business online in minutes—no dramas! Here's the lowdown on Professional Indemnity insurance* You're a professional and there is no doubt yo u are good at what you do. However, mistakes happen ...

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PI 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 ...

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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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Insurance 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. For more information about your ...

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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

... 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 ...

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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 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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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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How to start an accounting practice in Australia

... 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 ...

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Insurance for Electricians

... like this when you'll be glad to have a Public Liability policy! Professional Indemnity Insurance* Professional Indemnity (PI) insurance covers electricians for losses claimed by a third party & defence costs due to ...

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Insurance 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 ...

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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 Recruitment Consultants

... to take out Professional Indemnity insurance for your recruitment agency. This insurance offers protection for ... in the provision of your professional service or advice. PI Insurance will also assist with the legal ...

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The 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 ...

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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 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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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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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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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?

... first need to explore claims-based policies and Professional Indemnity insurance. Claims-based policies and Professional Indemnity insurance basics First off: Professional Indemnity insurance . What is it, and what does ...

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Allied 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 ...

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Insurance 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 ...

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Insurance 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 ...

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Understanding 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 ...

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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 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 ...

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Reviews related to Professional Indemnity Insurance Providers

  • 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.