Insurance for Psychologists

... about is your clients. Did you Know? The Psychology Board states that the minimum level of Professional Indemnity insurance a Psychologist is required to obtain is $2 million cover for any one claim and at least one ...

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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 ... 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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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 ... 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 ...

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Professional Indemnity Claims: when should I notify my insurer?

Your Professional Indemnity (PI) insurance is no doubt one of ... against your business. Like all insurance policies, there are several important ... 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 ...

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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

... are good at what you do. However, mistakes happen even with the most professional operators. Professional Indemnity (PI) insurance* is an important form of protection for businesses that provide specialist services or ...

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Professional Indemnity PPC Landing Page

Why do I need Professional Indemnity Insurance? Nobody is perfect, and we all make mistakes (even professionals!). That's why it's called 'Professional' Indemnity insurance, or PI. It's designed to protect people who ...

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Professional Indemnity Insurance for Civil Engineers

... your pearls of wisdom and professional services. Like any profession there ... providing your services. As a professional, considering Professional ... 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 ...

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Additional Cover for Professional Indemnity Insurance

... Fernando for his certificates of insurance - it's just part ... is not only insured with professional indemnity, but also with the additional .. ... 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. ...

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What Limit of Professional Indemnity Insurance Do I Need?

... consumers is 'What limit of Professional Indemnity insurance do I need?' While this ... . If you belong to a professional association, it is always ... ; 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 ...

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What is Professional Indemnity Insurance?

... business? No matter how good you are at your job, we're all human and we all make mistakes. Professional Indemnity Insurance allows you to cover yourself if and when you do slip up in your normal course of work. Here are ...

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Top 5 Reasons for Having Professional Indemnity and Public Liability Insurance

... should hold and maintain Professional Indemnity and Public Liability insurance. #1 Protection against ... claims of negligence, malpractice and ... 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 ...

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How Does Professional Indemnity Insurance Benefit You?

If you are a professional and have your own company, ... also be referred to as professional indemnity insurance. Professionals are expected to possess ... your own company, then it is advisable that you have professional insurance, which can also be referred to as professional indemnity insurance. Professionals are expected to possess extensive technical knowledge in their ...

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Professional Indemnity for Real Estate Agents

In the Real Estate Industry Professional Indemnity Insurance provides essential financial protection against ... acts, errors and omissions from professional ... 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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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 ... 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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Sometimes Professional Indemnity Insurance is Needed

Professional indemnity insurance is handcrafted to provide coverage ... the policy holder due to professional carelessness or accusations. Sometimes, ... 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 ...

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Misconceptions Around Professional Indemnity Insurance

... misconception is that the claims professional indemnity insurance covers are only the experiences ... ... 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 ...

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Professional Indemnity Insurance 101: For Allied Health Professionals

... to protect yourself is with professional indemnity insurance. This type of policy provides ... ... any damages awarded as a result of the claim - no matter whether it's proven or not. Professional indemnity insurance gives people in the allied health professions, and their families, peace of mind that their assets are ...

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Insurance 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 ...

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What are the Insurance Options for Land Surveyors?

... yourself and your company with insurance is a smart investment. Land ... ... 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 ...

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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 ... ... 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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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. You are required to have your ...

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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 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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Insurance for Architects

... lead to a costly Professional Indemnity claim. Thankfully, Professional Indemnity insurance is designed to provide ... you know that PI insurance is known as 'claims made' cover, which means you need PI insurance to be in ...

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

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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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Business Insurance Guide for the Self-Employed - Part 2

Navigating the world of business insurance can be confusing which is ... created a guide to business insurance for the self-employed that ... the ins ... Professional Indemnity insurance. What is Professional Indemnity insurance*? Professional Indemnity insurance is ... $250,000 was paid (and covered by the architect's PI policy). What is run-off cover? Run-off cover is ...

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Who is Covered Under an IT Liability Policy?

Information Technology Insurance Professionals in the information technology sector ... ... 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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The Remaining Risk: What Isn't Covered and Why it Matters

... most common issues with Business Insurance is that policy owners often ... ... 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 ...

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Insurance for Civil Engineers- what you need to know

... about what kinds of business insurance coverage you may need to ... ... 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 ...

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The Risks of Growing Your Small Business

The only strategy that is guaranteed to fail is not taking risks. Mark Zuckerberg There comes a time when every successful enterprise needs to ditch the baby steps, ... 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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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 ... provision of your professional consulting service or advice. PI Insurance will also assist ...

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A Broker Divided - Is BizCover's Michael Gottlieb a Threat to Broking or its Future?

... unknown. He started his own insurance brokerage despite never having worked ... in the world selling commercial insurance through an aggregator website ... 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 ...

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Insurance 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 ...

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Insurance for IT Professionals

... can be no dispute between insurers as to which policy should respond to a claim. Insurance for IT Professionals Professional Indemnity* The IT world is a fast-changing environment, and whether you're involved in project ...

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BizCover expands into New Zealand and launches BizCover.co.nz

... and leading provider of online professional indemnity insurance, has announced today the launch ... years), BizCover.co.nz provides professional indemnity ... 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 ...

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Insurance 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 ...

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Insurance for Allied Health Professionals

... cover with our exclusive member's rate. Insurance for Allied Health Professionals Professional Indemnity* Whether you're a naturopath, podiatrist, speech pathologist or psychologist your clients trust and rely upon your ...

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Insurance 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 ...

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Insurance 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 ...

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Insurance 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 ...

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Insurance 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 ...

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Insurance 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 ...

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Insurance for Consultants

... of different consulting professions, yet all are required to provide a professional service or specialist advice. Professional Indemnity insurance is designed to protect you from losses claimed by clients that are ...

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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 ... 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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Insurance 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 ...

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Insurance 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 ...

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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 ... ... 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 ...

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Insurance for Civil Engineers

... when it comes to your professional advice and services. This is where Professional Indemnity insurance becomes vital to you and your business. Professional Indemnity insurance is an important form of protection ...

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Insurance 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 ...

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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 ... drive down ... the low number of catastrophes and low interest rates, and those with capital chasing returns in insurance.” The Professional Indemnity rates reduced the most this financial year finishing 3% lower. Over the time of the ...

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Insurance for Carpenters

... 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 ...

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Insurance 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 ...

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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 ... were to go wrong because of this advice. To cover yourself against this risk you should consider Professional Indemnity Insurance, which can help protect you for any claims that may arise due to any advice that you ...

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Insurance 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 ...

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Insurance for Pet Professionals

... 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 ...

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New Territory - how to adapt your real estate business during COVID-19

COVID-19 has had a significant impact on the real estate industry with social distancing and mandatory bans on open homes and auctions. Riding the roller coaster of economic ... of actual or alleged negligent acts or omissions in the provision of your professional service or advice. Professional Indemnity insurance will also assist with the legal costs associated with responding to or managing ...

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Insurance for Marketing Consultants

... consider the terms you agree too, including the or KPIs you are expected to meet. Insurance for Marketing Consultants Professional Indemnity* As a marketing consultant, you are expected to wear many hats and each hat can ...

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Insurance for Plumber

... or sustain property damage as a result of your negligent business activities. Professional Indemnity Professional Indemnity insurance* is an important form of protection for businesses that provide specialist services ...

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Insurance for pharmacy and pharmacists

... third party due to alleged or actual negligence or errors in your professional pharmacy services or advice.  Your Professional Indemnity insurance will cover the associated compensation payable to a third party together ...

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So You Want to Start a Side Hustle? Here's What You Need to Know - Part 2

Welcome back to part 2 of our guide on what you need to know when starting a side hustle. In part 1 we explored some of the steps involved with setting up your side hustle ... 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 ...

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Help Protect your small business' reputation

When it comes to running a small business, your brand and its reputation are priceless. No doubt you've spent countless hours establishing your name by building strong ... reputation too. And let's face it, we are all human and mistakes do happen. Fortunately, Professional Indemnity insurance is designed to protect your business should you or your staff make an error, omission, or, breach ...

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Insurance for Recruitment Consultants

... in your profession. That's why BizCover makes it easy to take out Professional Indemnity insurance for your Recruitment Consultancy.. This insurance is designed to respond to claims against you for losses as a result ...

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Insurance 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 ...

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Five Tips for Starting your Home-based Business

Sometimes it takes extraordinary circumstances to take the leap of faith to start your own home-based business. The COVID-19 pandemic has made this an option for many ... 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 ...

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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 ... very least, the minimum amount of cover that your state or territory requires. Professional Indemnity Insurance Professional Indemnity insurance should be one of the first projects on your drawing board! Designed to ...

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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 ... while and looking to buy insurance for the first time; there ... ... that you have. Often they will require you to have a minimum level of Public Liability or Professional Indemnity insurance however, you may decide that you need a higher level of cover than what is stipulated. Consider ...

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Survival of the Fittest - How Your Fitness Business Can Adapt

The mandatory closures of gyms and fitness studios due to COVID-19 has forced personal trainers to come up with new ways to keep their businesses running. Take a look ... in place, paid-up to date and that you have the right cover. If you have an active Professional Indemnity insurance* policy and are running online classes, it will still cover you for claims against your business. This ...

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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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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 ... ... extra responsibilities in the service or advice you provide, you may want to increase your Professional Indemnity insurance. Also, consider any new contracts you may enter into or updates to legislative requirements that ...

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Small Business Insurance Index

... price increases in the business insurance market, SMEs are continuing to ... the cost of business insurance, the BizCover SME Insurance Price ... over the last few years, however this year the increases were minimal. SME Professional Indemnity insurance prices have also remained flat over the last 10 quarters, this is contrary to what is happening in the broader ...

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How to hire quality tradesmen for your small business with Oneflare

When hiring tradesmen for your small business, you don't have any room for error so every tiny detail counts. It can be daunting and time-consuming sorting through the ... your house, they can make a claim on their insurance to cover the costs of the damage they have caused. Professional Indemnity Insurance Professional Indemnity insurance is not commonly required for your average trade ...

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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 ... you without one. So, let's look at the various forms of insurance mobile makeup artists should consider for their business… Professional Indemnity Insurance You're an expert when it comes to creating that perfect look ...

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Investec Acquisition of BizCover the Right Decision

... BizCover, an Australian-owned online professional insurance broker marks another key milestone ... ... globally. The Australian-owned online professional insurance broker, which launched early 2008, is where mid-market professionals can compare and buy professional Indemnity insurance in minutes. In the past month ...

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What is Civil Engineering

Civil engineers are responsible for overseeing the development, planning, construction, maintenance, and repair of roads, buildings, and other infrastructure projects ... professional civil engineers, with the support of advanced technology such as drones, 3D printing, BIM, and cloud computing. Civil Engineers should also consider insurance cover options, including Professional Indemnity ...

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How to Become a Professional Land Surveyor in Australia

Land surveying is the science, technique and profession that goes into a wide variety of tasks including planning and designing new or existing structures, construction ... . All you would have to do is complete an application, pay the set fees, and meet all the minimum requirements. Land Surveyor insurance should also be considered and this may include professional indemnity insurance.

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Insurance for Sole Traders and Self Emplyed

... and associations. This is common for sole traders who offer professional advice and services who are often required to hold a Professional Indemnity insurance policy*. Whether you own your own business premises, work on ...

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What is the Job of a Land Surveyor?

If you consider yourself a problem-solving ninja, are strong with technology, have a good foundation of mathematics and science, and enjoy working outdoors, you'll find ... instances, certifications and licenses may transfer between different cities, counties, and states. Insurance for land surveyor options are also available through BizCover, including professional indemnity insurance.

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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 ... you will have a million dollar claim. However your business insurance may cover personal items If you have cover for theft and ... , they may require you to have Professional Indemnity cover. Make sure your policy stays ...

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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 ... ? In Australia for some business sectors you'll find certain types of insurance is required. For example you'll find Professional Indemnity is comp ulsory for finance and mortgage brokers, real estate agents, architects ...

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Small Business Insurance Index Q2: 5 point increase, largest in 10 quarters

The Quarterly BizCover Small Business Insurance Index has shown that Australian ... enjoyed the end of declining insurance premiums with an increase of ... , the first increase seen in 10 quarters. This brings the insurance rates back to the same level as Q4 2013/14 (6 ... etc which saw premium rates increase 10%. Professional Indemnity have just normalised back to the average ...

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5 Financial Goals Before 40

In your 30s, retirement may seem an unthinkably long way away, but the brutal truth is that if you desire any kind of financial freedom in your future, it requires forward ... of being sued exists (thereby risking the assets you're working so hard to accumulate), then Professional Indemnity Insurance is worth exploring, too. Goal #4: Invest in stocks, not products Instead of buying an $800 ...

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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 of setbacks ... , including defence costs which were paid under her Professional Indemnity policy. Back in business Have you ever stopped ... against them by making sure you have the right insurance policies in place. It's also a wise idea ...

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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 ... defence costs. Find out more about Professional Indemnity here. THE EMPLOYEE EMBEZZLEMENT These incidents don ... shutting them down for good. A management liability insurance policy can be the only saviour for a business ...

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Public Liability NSW

... for small businesses by providing a stamp duty exemption on certain insurance products. The exemption applies to both Public Liability and Professional Indemnity policies. To be eligible (as that the time of publication ...

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The Art of Being a Creative Small Business

Whether you're running your own business as a small team or flying solo in the freelance world, one thing is for sure, the creative arts industry is anything but boring ... you can perform in public spaces. For those that teach a creative skill, they may need to consider Professional Indemnity insurance due to the risk of giving advice to others. The team at BizCover are here to help with ...

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Why Land Surveying is an Important Career

What began nearly 3,000 years ago during the rise of the Egyptian pyramids and introduction of infrastructure has grown into one of the most crucial career paths across ... abroad, to help improve the infrastructure for underdeveloped countries. Insurance for land surveyors is also available, including professional indemnity. When is land surveying used? Land surveying is often considered ...

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Why do Psychologists need Insurance?

Just as you’ve spent countless hours nurturing your clients, you need to nurture your business too. Having business insurance is an important part of protecting your practice and your livelihood against damaging allegations and risks.  

With just a few clicks or a single phone call, you can compare quotes from some of Australia’s leading insurers. Simply select your preferred policy and you can be cover today, so the only thing you’ll to worry about is your clients. 

Did you Know?

The Psychology Board states that the minimum level of Professional Indemnity insurance a Psychologist is required to obtain is $2 million cover for any one claim and at least one automatic reinstatement or equivalent.  

Other requirements include: 

  • Civil liability cover; 
  • Unlimited retroactive cover, or the equivalent, and 
  • Run-off cover, which should be maintained for at least seven years 

For more information contact the Psychology Board of Australia. 

We know, sometimes you just want a quick idea of how much your insurance is actually going to cost.  However, it’s important to note that the data included within this article was sourced from BizCover customer data during 2016/2017 and is intended as a guide only.  It may 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* 

Psychologists work hard to hone their professional expertise and to build a reputation, but there is always a risk of professional liability.  It only takes one unhappy client to disrupt your career and drain your 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 of your professional psychology service. It is designed to respond to claims against your business for losses as a result of actual or alleged negligent acts or omissions in the practice  of your profession. Professional Indemnity insurance will also assist with the costs associated with responding to or managing claims which are covered by the policy. 

Public Liability Insurance* 

Considering you work closely with your clients; Public Liability insurance is an easy choice. for psychologists. It provides protection for you and your business in the event a client, supplier or a member of the public is injured or sustains property damage as a result of your negligent business activities. 

Accidents can and do happen- something as simple as a client tripping over at your premises, or you damaging a client’s property – could result in a costly public liability claim. 

Business Insurance* 

Your clients are your most important advantage, but where would you be without your business assets?  

Business Insurance is an insurance package designed to provide cover for your business contents, stock, tools and commercial premises when an insured event occurs (such as fire, storm, theft or even accidental damage). A Business Insurance package can also cover your portable equipment, glass and for loss of revenue due to business interruption in specified circumstances.  In addition, cover is available for public liability, tax audit, employment practices and statutory liability risks. 

Cyber Liability* 

Consider the client data or personal information you may be storing and the consequences if it were to be compromised. Cyber Liability insurance helps to protect you from claims and supports your profitability in the event of a cyber breach or attack. 

 

*As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this web page is general only and should not be relied upon as advice.

Common causes of claim