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Professional Indemnity Claims: when should I notify my insurer?

Your Professional Indemnity (PI) insurance is no doubt one of ... go to plan it can provide much needed financial assistance for ... against your business Your Professional Indemnity (PI) insurance is no doubt one of ... words, you must advise your insurance provider if any of the following ...

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How the cost of Professional Indemnity insurance is calculated

... how the cost of a Professional Indemnity (PI) insurance policy is calculated and why ... that impact the cost of Professional Indemnity insurance. Insurance ... how the cost of a Professional Indemnity (PI) insurance policy is calculated and why ... that impact the cost of Professional Indemnity insurance. Insurance policy pricing is generally calculated ...

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A Guide to PI Insurance

...  Professional Indemnity Insurance simple (also known as errors and omissions insurance, PI or Professional Indemnity). What is Professional ... Professional Indemnity Insurance simple (also known as errors and omissions insurance, PI or Professional Indemnity). What is Professional Indemnity Insurance? Professional Indemnity Insurance ... leading insurance providers ...

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Additional Cover for Professional Indemnity Insurance

... Fernando for his certificates of insurance - it's just part of ... , a busy IT consulting business providing information management services to corporate ... , a busy IT consulting business providing information management services to corporate ... extra cover options to her professional indemnity insurance. Lynn purchased public and products ...

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How Does Professional Indemnity Insurance Benefit You?

... also be referred to as professional indemnity insurance. Professionals are expected to possess ... ... this, you should have professional indemnity insurance that provides coverage against lawsuits filed because ... , then you should have adequate professional indemnity insurance coverage against financial losses caused ...

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Professional Indemnity for Real Estate Agents

... the Real Estate Industry Professional Indemnity Insurance provides essential financial protection against ... omissions from professional services provided In the Real Estate Industry Professional Indemnity Insurance provides essential financial protection against potential ... a minimum of $1 million Professional Indemnity Insurance with a number of set ...

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Sometimes Professional Indemnity Insurance is Needed

Professional indemnity insurance is handcrafted to provide coverage for claims brought against ... Professional indemnity insurance is handcrafted to provide coverage for claims brought against ... of these mistakes can often prove costly to a business if ...

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Misconceptions Around Professional Indemnity Insurance

... misconception is that the claims professional indemnity insurance covers are only the experiences ... ... misconception is that the claims professional indemnity insurance covers are only the experiences ... is where the value of professional indemnity insurance can be recognized. If you ...

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Professional Indemnity Insurance

... business. Professional Indemnity Insurance is specifically designed for businesses and individuals who provide professional ... your business. In a nutshell, Professional Indemnity Insurance (PI) will ensure you are not ...

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What is Professional Indemnity Insurance?

What is Professional Indemnity Insurance? Professional Indemnity Insurance is designed for professionals who provide advice or a ... omissions Do I really need Professional Indemnity Insurance? If you're getting paid for ...

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Professional Indemnity Insurance for Consultants

A large number of people that start businesses, in Australia have been experiencing a steady growth in business for the past few years. One area that is growing in magnitude ... someone files suit against you. Professional Indemnity Insurance works by insuring you the ... quotes from different companies offering Professional Indemnity Insurance. This way you are able ...

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PI Index: Premiums Decline 10 Straight Quarters

Business Insurance Premiums Decline 10 Straight Quarters, ... healthy competition in the business insurance market. The BizCover Small Business ... ... attributed to continued decreases in Professional Indemnity premiums. The index saw prices ... an example, the cost of Professional indemnity insurance for some Allied Health professionals ...

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7 Types of Insurance Your Small Business Should Consider

... is Small Business Insurance. But what kind of insurance do you actually ... ... Liability Insurance explained. Professional Indemnity Insurance If your business or profession involves providing a ... service or advice, then Professional Indemnity (PI) Insurance is a ...

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Keep calm and stretch on with Yoga Teacher insurance

... of arranging your yoga teacher insurance go.  As a yogi or ... business. Let us centre your insurance chakra by exploring some of ... ... ! Let's start with the basics… Professional Indemnity insurance One of the most vital ... doors, Portable Equipment cover typically provides protection for loss or damage ...

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The Risky Business of Insurance

What are the Real Costs to Australian Small Business? Small business owners tend to be juggling many balls - managing clients, cash flow, staff, stock and future planning ... are providing a service to them. Every business should have PL Professional Indemnity ... now buy their insurance online because it is proven to be efficient ...

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Insurance Considerations for Personal Trainers

Working as a personal trainer can be a rewarding career. Not only do you get to help your clients achieve their goals and transform their lifestyles, but it's also the ... risk consider public liability insurance which will provide financial protection in the ... capacity. Find Out More About Professional Indemnity Insurance Luckily many insurers have realised ...

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Insurance for architects- the blueprint to success

The career of an architect is an exciting one, yet it's not one without risk. From the ground up, your responsibilities are skyscraper high. Beginning with the first ... your state or territory requires. Professional Indemnity Insurance Professional Indemnity insurance should be one of the ... , destroyed or even stolen? Business Insurance provides tailored protection for your contents ...

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Beauty to go! What Mobile make-up artists need to know about insurance

There are some obvious pros to working as a mobile freelance make-up artist - you have control over the hours you work, you get to work with a wide range of clientele ... of an eyelash. Whether inadvertently providing incorrect or negligent advice, accidentally ... should consider for their business… Professional Indemnity Insurance You're an expert when it ...

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The Remaining Risk: What Isn't Covered and Why it Matters

... most common issues with Business Insurance is that policy owners often ... ... Product liability cover. Professional Indemnity - Professional Indemnity covers professionals who provide advice or a ... For example, if you purchase Professional Indemnity (PI) insurance you should know that you're ...

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Small Business Index July 2015

SMEs benefiting from declining insurance rates but is the tide ... capacity and competition in the insurance market over the last few ... down the price ... 3 main product categories of Professional Indemnity, Combined Professional Indemnity & Public Liability and ... with capital chasing returns in insurance.” The Professional Indemnity rates reduced the most ...

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SMEs continue to benefit from low premiums; despite talk of price rises.

... seems to be hardening for insurance for larger businesses, the latest ... BizCover Small Business Insurance Price Index is showing no ... ... , the latest BizCover Small Business Insurance Price Index is showing no ... which is keeping prices down. Professional Indemnity and Public Liability, including multiple ...

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Business Horror Stories

Running a business can be a wonderful rewarding experience, but sometimes things can go horribly wrong. THE ONLINE ONSLAUGHT We never believe it can happen to us, that ...  Find out more about Cyber Insurance here.  THE DEREGISTERED DISMAY  Threats ... costs. Find out more about Professional Indemnity here.  THE EMPLOYEE EMBEZZLEMENT These ...

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Insurance For registered tax 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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Michael Gottlieb featured in Insurance Business

In January, our Managing Director Michael Gottlieb was interviewed by Insurance Business magazine, giving his outlook on 2014. Insurance Business - The In January, our Managing Director Michael Gottlieb was interviewed by Insurance Business magazine, giving his outlook on 2014. Insurance Business - The Year Ahead

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5 Tips for an Insurance Health Check

If your insurance is due for renewal or ... a health check of your insurance to ensure that if the ... ... risk areas that they cover. Professional Indemnity Protection against financial losses for ... advice you provide, you may want to increase your Professional Indemnity insurance.   Also, consider ...

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5 Questions to ask yourself before buying Insurance for your Small Business

Know you need business insurance but aren't sure how to ... while and looking to buy insurance for the first time; there ... ... to your business activities Professional Indemnity insurance protects businesses that provide a professional service ... level of Public Liability or Professional Indemnity insurance however, you may decide that ...

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Things you didn't know about small business insurance

Getting the insurance sorted for your small business ... , compare quotes and buy the insurance that suits your business. But ... not know about small ... your current policy. Your personal insurance doesn't cover your business A ... may require you to have Professional Indemnity cover. Make sure your policy ...

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Management Liability Insurance

... company. Where Professional Indemnity Insurance covers the advice or service you provide to your ... clients, Management Liability Insurance covers the ...

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Insurance Premiums for Retailers Continue to Climb

Insurance Premiums for Retailers Continue to ... The latest BizCover Small Business Insurance Price Index has been released ... an increase in small ... not universal. Graph 1 – BizCover Insurance Price Index (Financial Year 2017 ... was no change in the Professional Indemnity sector, but the index for ...

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Dishing up the facts on food business insurance

... you have the right business insurance. When it comes to insuring ... ... Think of Business Insurance as your safety blanket to provide protection for ... at night with Business Interruption insurance. It provides cover for loss of ...

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BizCover Disrupts Insurance by Commoditising it

... read the BRW article. Self-proclaimed insurance industry disrupter BizCover is trying ... by letting newcomers to the insurance sector, such as Coles ... Traditionally sold through brokers, commercial insurance is ­historically a high-touch, person ... outright. BizCover provides general advice and assistance through the insurance buy and ...

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Legal Requirement for Public Liability Insurance

Public liability insurance covers your business for losses ... Failure in obtaining public liability insurance policy can expose a business ... ... Requirement for Public Liability Insurance Although public liability insurance is not a ... ; and Living assistance. It also provides for the associated costs involved ...

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Business Insurance

... be in business tomorrow. Business Insurance can provide financial cover for your ... Transit Statutory Liability Compare multiple insurance quotes online Best price with ...

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Insurance For nurses

... has set minimum requirements for Professional Indemnity Insurance (PI) for all enrolled nurses, registered ... recover from sickness and injury provides for a satisfying and rewarding ...

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Insurance For psychologists

... whether legitimate or illegitimate. Thankfully, Professional Indemnity insurance is there to give you ... of mental conditions or disorders providing incorrect psychological programs inadequately supervising ...

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Insurance For accountants

... minimum of $2million in professional indemnity cover Insurance for Accountants Professional Indemnity Even Excel gurus ... the lowest rate for your PI. Public Liability If you have ...

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Insurance For it professionals

... is that trouble shoots back. Professional Indemnity insurance provides essential financial protection for IT ... require independent contractors to hold Professional Indemnity insurance before being considered for a ...

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Insurance For real estate agents

... a minimum of $1 million Professional Indemnity Insurance, with a number of set ... fact? For Real Estate Agents, Professional Indemnity insurance provides essential financial protection against potential ...

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Insurance For engineers

... held to high expectations when providing advice or making recommendations to ... the consequences can be severe. Professional Indemnity insurance will ensure your business has ...

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Insurance For personal trainers

... made, whether rightly or wrongly. Professional Indemnity insurance protects you against financial losses ... that are unsuitable or ineffective Providing wrong or misleading advice in ...

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Insurance For consultants

... that was agreed upon. Thankfully, Professional Indemnity insurance is your protection against potential ... stolen. Common causes of claims Providing inadequate or incorrect advice Lack ...

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Insurance For architects

... Architects Act, Architects Regulations and Professional Indemnity insurance requirements. For information regarding the ... wateringly high claim. Thankfully, Professional Indemnity insurance will ensure your business has ...

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Insurance For recruitment consultants

... on the line too. Thankfully, Professional Indemnity insurance is your protection against your ... for on-hired employees / consultants Providing incorrect advice regarding staff recruitment ...

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Small Business Insurance: Why you might want to ensure you're covered!

Running a business can be rewarding, challenging but also stressful. While you will are taking control of your earning potential and the upside can be great, there are ... types of insurance is required. For example you'll find Professional Indemnity is comp ... risk management plan as it provides protection against the expenses and ...

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5 Common Beauty Insurance Claims

As much as we like to hope otherwise, unexpected events happen! Things can go dreadfully wrong despite the best efforts we take to prevent them – and the simplest ... on it. “Thankfully my Business Insurance policy included building and contents ... which were paid under her Professional Indemnity policy. Back in business Have ...

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6 Areas You May Not Have Thought Business Insurance Covers

Your business is your livelihood. So it's vital to protect your business assets and revenue against potential risks that may impact your business, such as fire, storms ... earn an income? Business Interruption provides cover for the loss of ... such as Public Liability and Professional Indemnity insurance to ensure you are not ...

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Public Liability Insurance

Just imagine: A phone call out of the blue. The caller has a voice you don't recognise. He's telling you he is hurt - badly - and you're responsible. You hang up. He ... Janine needed was public liability insurance or insurance that protects you and ... business and one that can provide instant peace-of-mind. “We aim to ...

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Cyber Insurance: Is it worth it?

Many businesses think their business is too small to attract cyber criminals. Yet, when it comes to cyber theft, size doesn't matter. Hackers are on the lookout for businesses ... as credit monitoring services Cyber insurance is available for first-and third-party ... data breach alone. Cyber insurance will also provide coverage for regulatory defence ...

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Insurance For retailers

... an interested party on the insurance policy. Insurance for Retailers Public Liability ... severely out of pocket. Business Insurance can provide cover for: Contents and ...

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Getting the Best Value on Your Business Insurance

The new year is now in full swing, and if you're like some of us in this office, you will probably have resolved to be a bit smarter with your money in 2016 and perhaps ... best value on your business insurance. Cover yourself up! Check your ... making a claim having enough insurance could mean the difference between ...

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BizInsure Capitalizes on the Paradigm Shift in Commercial Insurance!

... www.bizinsure.com), a leading-edge online insurance model that connects independent professionals ... critical Professional Liability (E&O) insurance< ... BizInsure (www.bizinsure.com), a leading-edge online insurance model that connects independent professionals ... to buy business insurance in the US today providing unparalleled access to ...

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5 Surprising Things Business Insurance Can Cover

When looking for Business Insurance, most small business owners typically ... ... an unforseen event. Business Interruption insurance is designed to compensate you ... to a temporary premises. It provides much needed financial assistance when ...

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Public Liability Insurance

... and defence costs Public Liability Insurance protects you and your business ... property damage) while you are providing a service, either at your ...

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Steady as she goes - still no increases in Insurance Premiums!

The BizCover Small Business Insurance Price Index is ... market for small business insurance continues to benefit from ... stability in insurance ... the market for small business insurance continues to benefit from stability ... the last BizCover Small Business Insurance Price Index. “Insurers have managed ...

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Small Business Insurance Price Index Q3

Insurers hold on to SME Insurance Premium Price Increases!  Despite a ... BizCover Small Business Insurance Price Index has shown insurance ... BizCover Small Business Insurance Price Index has shown insurance rates dropping back ... be more exacerbated in the insurance segments that have significant competition ...

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Cyber Liability Insurance

... for your business. Cyber Liability Insurance covers your business against the ... , Lawyers, Accountants, Consultants, Estate Agents, Insurance Brokers etc GET INSTANT QUOTES ...

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Small Business Continues to Win on Insurance Prices!

... ; however the BizCover Small Business Insurance Price Index for the first ... ... ; however the BizCover Small Business Insurance Price Index for the first ... small businesses! Prices across all insurance classes were stable across the ...

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Cyber Liability Insurance: the safety net small businesses need

It may have taken some time for the reality to hit, but the wider public is now starting to realise that hackers aren't just fictional brooding movie villains - they ... danger hacking presents and has provided a 5 minute, easy to ... generally included in Cyber Liability insurance are: · Business interruption costs · Data ...

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Insurance For tradesmen

... a particular trade association. Business Insurance Insuring your tools, and your ... run your business? Business Interruption provides cover if you were out ...

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New Year Insurance Health Check!

2016 is here! New Year is traditionally a time for people to make resolutions and plan for their year ahead. It's also a great time for business owners to take stock ... standard.  For example most Business Insurance policies do not include cover ... , which means that the policy provides cover only for claims made ...

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Product Liability Insurance

... What is Product Liability Insurance? Product Liability insurance usually forms part of ... provided. The definition of a 'product' is usually defined in the insurance ...

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Insurance For electricians

... $55,000 of cover^ to provide protection to consumers for defects ... couple of grand. Public Liability insurance is something every responsible electrician ...

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Personal Accident and Illness Insurance for Tradies

Does the thought of being off work for three months due to a major mishap with a nail gun horrify you? As far-fetched some accident stories may sound, the reality is ... contractor, Personal Accident and Illness insurance is an important type of ... for Death and Disablement which provides cover for accidental death, as ...

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Insurance For gift shops

... the gift of hassle-free insurance with multiple competitive insurance quotes in minutes. ... spanner in the works. Business Insurance cover includes: Contents - protecting ...

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Insurance For mobile food vans

... business is 10 million dollars. Insurance for Mobile Food Vans Public ... a mobile food business Business Insurance Your whole business is basically ...

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Insurance For cleaners

... be endless. Thankfully, Public Liability insurance is there to protect you ... cleaner not held Public Liability insurance they would have been personally ...

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Insurance For handyman

... your liability problems with Handyman insurance. At BizCover, a few clicks ... additional general handyman services. Business Insurance Chances are you rely on ...

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Do I need insurance for my market stall?

From fresh food and irresistible treats to clothing, arts, crafts, and bric-a-brac, Australia has become spoiled for choice when it comes to markets. And with the festive ... go'. What is market stall insurance? Operating a market stall at ... wide range of potential risks. Insurance for market stall holders is ...

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5 Reasons To Review Your Business Insurance This Christmas

Christmas can be a busy (as well as stressful!) time for many small businesses.  Come December the big Christmas countdown is on as people are busy preparing for the ... levels.  Do you have Business Insurance to cover your stock and ... you're protected within your Business Insurance pack, as with increased trading ...

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The Easter Bunny's Guide to Business Insurance

Each year at Easter millions of kilograms of chocolate are purchased and consumed around the world. In Australia alone close to $200 million is spent on Easter chocolate ... stop working? Within a Business Insurance pack the Easter Bunny would ...

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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

  • Thank you Kreenal , I have now bound Storr & Co PI policy. I really appreciate your thoroughness in training yesterday.

    Toni S
    Accountant / Accounting Service

  • As per usual, Andrew was a shining star of service. As NEIS providers we deal with BizCover constantly and Andrew is always a pleasure

    Saad B
    Information Technology Services (IT)

  • The service provided is A1 and will refer more business for Insurance and other related matters.

    Chandra Prakash C
    Tax Agent Service

  • Fantastic. Needed to organise business insurance for a new business over the Christmas holiday period. No other insurance companies were open. What a relief I could search, compare and secure a new insurance policy online through BizCover! Highly recommen

    Katherine W
    Motel Operation

  • Bizcover makes professional insurance easy. Good selection of insurance varieties and options. Easy to review, change and renew. Competitive rates.

    Darren J
    Real Estate Agency Service

  • I compliment your company on such an easy and effortless way to acquire insurance with good information when comparing Insurer options.

    Tim M Mesic
    Architecture & Surveying

  • I have played phone tag with several brokers and insurance providers...what a relief to finally find a simple online service.

    Paul C Cunningham
    Consultancy Occupations

  • Very responsive service and competitive insurance pricing. Thank you Wanda

    Wanda B Buza
    Registered Migration Agent

  • Thanks, needed insurance in a hurry as just offered a contract for this weekend. Everyone else was st home!

    Pippa B Blatch
    Retail

  • So quick and easy to purchase liability insurance from a range of insurers. Very happy customer!!

    Shirley M McIntosh
    Trades & Services

  • Compare the market were quick to respond to my enquiry, were extremely helpful, took the time out to understand what I needed and came back with some quotes very quickly. They helped me understand what insurance would be best for me and were extremely kno

    Sarah W Woodland
    Trades & Services

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Get the cover that is right for you

With BizCover you can choose policies with cover between $250k to $10m, from 8 different insurers. When considering how much cover you will need you should think about:

  • What are the potential risks (what could go wrong) and what could be the potential costs to rectify any mistakes?
  • What is the value of the jobs that you perform?
  • Are there any statutory requirements for your profession?
  • Does your professional body have any requirements for membership? For example Accountants are required to have a minimum of $2 million of cover to join the CPA.
  • What could be the legal and investigation costs of any action taken against you?

And remember, as your business grows it is important to assess your exposure to risk and increase your level of cover accordingly.