Compare quotes from our trusted insurance partners*:
Professional Indemnity Insurance Compare multiple insurers online Competitive pricing with our Price Promise Flexible payment options - monthly or annually Compare quotes from our trusted insurance partners*: Compare ...read more
... Professional Indemnity (PI) insurance policy is calculated and why one profession can often cost more than another? We look some of the key factors that that impact the cost of Professional Indemnity insurance. Insurance ...read more
... your industry professional body or regulator requires you to hold Professional Indemnity (PI) cover. ... ignoring it won't go away. Don't despair. Professional Indemnity insurance is your best defence when faced with a claim. ...read more
... performing, and do they have a previous history of claims? Your individual claims history Professional Indemnity (PI) insurance is an essential form of protection for businesses that provide specialist services or advice ...read more
... of events which may result in a Professional Indemnity insurance claim. Professional Indemnity Insurance defined Professional Indemnity insurance protects professionals against claims of negligence or breach of duty ...read more
... the chance of a claim occurring is real, no matter how good you are at your profession. Professional Indemnity insurance is designed to protect you from a wide range of potential risks. Even seemingly small errors, could ...read more
... of skill, which is expected from them. Purpose of Professional Indemnity Insurance The primary purpose of professional insurance is to protect the professionals against any financial losses from lawsuits, which can be ...read more
... Public Liability insurance from BizCover. Our online platform is easy to use and drama free! JTNDc2NyaXB0JTIwdHlwZSUzRCUyMmFwcGxpY2F0aW9uJTJGbGQlMkJqc29uJTIyJTNFJTBBJTdCJTBBJTIwJTIwJTIyJTQwY29udGV4dCUyMiUzQSUyMCUyMmh0read more
... 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 ...read more
... to your business. Luckily, Professional Indemnity insurance is designed to protect you from ... Indemnity insurance today through BizCover. Compare multiple competitive quotes from some of Australia's leading insurers online ...read more
... Indemnity insurance will typically not provide cover for: Intentional damage Contractual liabilities Professional fees Known claims and circumstances Fraud and dishonesty Want to know more? Jump online or give ...read more
... construction of structures typically used by the general public. What is Professional Indemnity insurance? Professional Indemnity (PI) insurance * is an important form of protection for businesses that provide specialist ...read more
... word can spread like wildfire over the internet and community. This is where the value of professional indemnity insurance can be recognized. If you were somehow involved in consulting or advising a client and they have ...read more
... a range of competitive insurance options including Professional Indemnity, Public Liability insurance , Business Insurance , Cyber Liability , Management Liability insurance and many more. Jump online or give us a ...read more
... best ways to protect yourself is with professional indemnity insurance . This type of policy provides cover ... the best way to get immediate insurance protection, and because everything is online, there's no messy paperwork ...read more
... Chartered Accountants ANZ you are required to provide information on your professional indemnity insurance. CA ANZ requires that professional indemnity covers each principal for at least $1 million value. CPA Australia ...read more
... whether it's proven or not. Professional indemnity insurance gives people in the health or alternative ... the best way to get immediate insurance protection, and because everything is online, there's no messy paperwork ...read more
... with BizCover If you are looking for Professional Indemnity insurance for any reason, BizCover can help! We make it easy to compare and buy PI coverage in minutes, online or over the phone . Start protecting your ...read more
... expect his business to be covered by professional indemnity insurance to ensure there is cover in place ... damage, it is vulnerable to costly legal action. PI Insurance protects small businesses from this type of action. ...read more
... of Professional Indemnity insurance. What is Professional Indemnity insurance*? Professional Indemnity insurance is ... of $250,000 was paid (and covered by the architect's PI policy) . What is run-off cover? Run-off cover ...read more
... on your business. Professional Indemnity insurance Professional Indemnity insurance is a type of insurance coverage selected by professionals, including civil engineers. Professional Indemnity (PI) insurance* is an ...read more
... is to make Professional Indemnity Insurance simple (also known as errors and omissions insurance, PI or Professional Indemnity). What is Professional Indemnity Insurance? Professional Indemnity Insurance is a form of ...read more
... Professional Indemnity insurance covers you anywhere in Australia. Get the cover for your business Professional Indemnity ... the provision of your professional consulting service or advice. PI Insurance will also assist ...read more
... Professional Indemnity insurance is an important coverage to consider. Professional Indemnity (PI) insurance ... . Sort out your insurance At BizCover we are all about making insurance easy. Simply jump online or give us call ...read more
... different kinds of business insurances you need to think about. 1. Professional Indemnity insurance * As a recruitment ... insurances in place, protecting it from unwanted challenges with BizCover. Our online platform ...read more
... 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 ...read more
... Did you Know? The Nursing and Midwifery Board of Australia has set minimum requirements for Professional Indemnity Insurance (PI) for all enrolled nurses, registered nurses and midwives. You are required to have your ...read more
... 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 ...read more
... incurred as a result of your actual or alleged negligencefrom the delivery of your professional service. Professional Indemnity insurance will also assist with the legal costs associated with responding to or managing ...read more
... in rendering professional services. Professional Indemnity insurance* One of the basic types of insurances you need to consider as a bookkeeper is Professional Indemnity insurance . Professional Indemnity insurance is ...read more
... may think of it as such: where Professional Indemnity insurance covers the advice and/or services you ... insurance? Visit our online destination for Management Liability insurance to compare competitive business insurance ...read more
... ensure the land surveyor has the legal support required to defend their rights, Professional Indemnity Insurance can be crucial. PI insurance is designed to respond to claims against your business for losses as a result ...read more
... activities. Professional Indemnity insurance Professional Indemnity (PI) insurance offers protection ... are and what types of policies you need, an online comparison site offers a simple and straightforward process whilst ...read more
... and Retail Shops to Healthcare Professionals and Accountants, we can help you get covered online or over the phone in ... and more! Professional Indemnity insurance* Professional Indemnity (PI) insurance offers protection for ...read more
... Professional Indemnity insurance Professional Indemnity (PI) insurance * ... insurance *. With our simple to use online platform you can compare real estate insurance quotes quickly while saving on your real estate insurance ...read more
... caused them a loss. However, Professional Indemnity insurance (PI) may cover this. As stated above ... your business insurance options with BizCover and compare competitive quotes from leading Aussie insurers online and get ...read more
... can make mistakes, and these errors or omissions could result in financial losses for your clients. Professional Indemnity insurance will protect your business from losses arising out of acts, errors and omissions from a ...read more
... is set as the minimum requirement. ^Minimum PI insurance requirements source from TPB tpb.gov.au/professional-indemnity-insurance-tax-agents on 8 August 2019 What could cause a PI claim? Errors and discrepancies on tax ...read more
... to go wrong. From bridges collapsing to roads rupturing - the consequences (and costs) can be severe. Professional Indemnity insurance is designed to provide your business with a solid foundation when things don't go to ...read more
... 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 of ...read more
... or advice. PI Insurance also helps with the costs associated with responding to or managing claims covered by your policy. Tip: Migration Alliance members receive a discount of on Professional Indemnity policies with ...read more
... Hairdresser Online shops Photographer Writers Web developer Common types of insurance for ... Professional Indemnity (PI) insurance* provides protection for businesses that provide specialist services or professional ...read more
... Professional Indemnity insurance If your business delivers professional services or advice, then Professional Indemnity insurance is a business insurance to consider. Professional Indemnity (PI) insurance ... online. ...read more
... claimed by a third party due to alleged or actual negligence in your professional services or advice. Your Professional Indemnity insurance will meet the associated compensation payable to the third party together with ...read more
... PL Professional Indemnity - ... protects against losses for any legal action taken against your business for advice or services you have provided. All businesses providing advice should have PI Business Insurance ...read more
... in … How much does Professional Indemnity Insurance cost for Consultants? What is Professional Indemnity insurance? 7 Types of Insurance Your Small Business Should Consider Cyber Insurance: Is it worth it? Customer ...read more
... Public Liability coverage Instant online cover - No paperwork Compare quotes from our trusted insurance partners*: Why do Disability Workers need Public Liability and Professional Indemnity Insurance? Part of your role ...read more
... 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 ...read more
... against you could be very costly to your business, not to mention damage your reputation. Professional Indemnity insurance is designed to protect your business from losses claims made against you arising from actual or ...read more
... state or territory requires. Professional Indemnity Insurance Professional Indemnity insurance should be one of ... intellectual property? With almost everything stored online, including your personal and client information, ...read more
... of both businesses and professionals and that's why our comprehensive insurance offerings include: Professional Indemnity , Public Liability , Business Insurance , Management Liability , Cyber Insurance and Tax Audit . ...read more
... insurance that suits their business needs. From Tradies and Cafes to Accountants and IT Professionals, we can help you find instant cover online ... getting a policy. Professional Indemnity insurance can help you respond ...read more
... negligence Contractual liability Events occurring before or after the policy period Professional Indemnity insurance* Professional Indemnity insurance is an important form of protection for businesses that provide ...read more
... to have a Public Liability policy. Professional Indemnity insurance If you provide clients with a professional service or advice, you may consider Professional Indemnity* insurance . These policies cover losses claimed ...read more
... or sustain property damage as a result of your negligent business activities. Professional Indemnity Insurance* Professional Indemnity insurance * is an important form of protection for businesses that provide specialist ...read more
... from? Do you have a physical premises, is your business online, or both? How do you interact with your customers? Do ... Liability cover. Professional Indemnity insurance* : Professional Indemnity insurance is designed ...read more
... insurance for contractors and how they can help reduce contractor risk. Professional Indemnity Insurance Professional Indemnity insurance ... online destination for contractor insurance to compare competitive insurance ...read more
... get an instant online quote. *We know, sometimes you just want a quick idea of how much your insurance is actually going ... coverage Professional Indemnity insurance* provides. Professional Indemnity insurance focuses on ...read more
... professional advice to storing sensitive client details online, it's important to consider the appropriate kinds of insurance ... estate agents need to consider. Professional Indemnity Insurance In the real estate business, ...read more
... insurance market by creating BizCover , an online service to simplify comparing and buying business insurance ... business performing a cut above the rest! Professional Indemnity insurance* Your goal is to make your clients ...read more
... morning smoothie or coffee. For quick learning, join online forums and groups for personal trainers or nutritionists to ... trainer insurance may include the following insurance products: Professional Indemnity insurance : ...read more
... Liability insurance, Professional Indemnity insurance , and Business Insurance. Business Insurance can ... business. Compare competitive hospitality insurance quotes from Australia's leading insurers online, get covered in ...read more
... placement. You can receive this quick training online and via a TAFE (Technical and Further ... minimum requirements. Land Surveyor insurance should also be considered and this may include professional indemnity insurance .read more
... over can have an impact on the cost of your Professional Indemnity policy. Generally, the higher the revenue your business generates, the higher your PI insurance premium will most likely be. For example, an accountant ...read more
Your Professional Indemnity (PI) insurance is no doubt one of the most vital covers you have for your business. If things don't quite go to plan it can provide much needed financial assistance for legal and compensation ...read more
... Indemnity Insurance cost for IT Professionals? As an IT Professional, you are generally required to comply with specific professional standards and legislation which may require you have a minimum amount of PI ...read more
How much does Professional Indemnity Insurance cost for Real Estate Agents? Professional Indemnity (PI) insurance is one of the most essential forms of cover for Real Estate Agents due to the potential for losses that ...read more
... small business owners strive to achieve. Firstly, let's explain what Professional Indemnity insurance is Professional Indemnity (PI) insurance offers protection for businesses that provide specialist services or ...read more
... can save a lot of confusion in the event that you may need to make a claim. 3. How much Professional Indemnity insurance cover do I need? Each business is different with their own factors that can determine the amount of ...read more
... covered for a $221 000 payment after the Tax Office fined a client. The firm was insured with a Professional Indemnity Policy to the value of $2 million dollars with DUAL. Missing capital gains in a client’s tax return ...read more
... . So, by cancelling your cover, you run the risk of breaching your agreements. From the date your Professional Indemnity insurance is cancelled you will have no cover in place for any past, present, or future services or ...read more
... advice to clients in relation to their wellbeing or even for an allegation of professional misconduct. Professional Indemnity insurance provides protection for financial losses for any legal action against you. It covers ...read more
... expensive. The last thing you want is for frivolous lawsuit to end your small business dreams. Professional Indemnity insurance can help protect your bank accounts, so you can continue serving your clients. Are you ready ...read more
... are at risk.One way to ensure that this never happens to you, is by purchasing something called Professional Indemnity Insurance , this is a very safe option to assure you are covered in the event that someone files suit ...read more
... ; some provide Defence Costs in addition to the limit of Professional Indemnity insurance . You need to ensure your limit of Professional Indemnity Insurance is adequate to encompass both the claim and the costs in ...read more
... that any potential policy holder needs to consider when deciding upon whether or not they should buy professional indemnity insurance is the potential financial loss that can occur as a result of legal fees whether or ...read more
... licenses under the Property, Stock and Business Agents Act 2002 hold a minimum of $1 million Professional Indemnity Insurance with a number of set policy inclusions. 1 Even with this requirement, it is worthwhile looking ...read more
... rates over the next few quarters.” The combined PI&PL market, which is largely dominated by IT and ... As an example, the cost of Professional indemnity insurance for some Allied Health professionals can be as low as $20 per ...read more
... insurance, including Public Liability insurance (PL) and Professional Indemnity insurance (PI). Find out more about insurance ... to learn more about insurance for your business, or Start a quote online . *This information is ...read more
... '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 ...read more
... a snapshot of how PI and PL insurance could protect your health and fitness business. Professional Indemnity (PI) insurance Professional Indemnity cover is an essential policy for professional health and fitness workers ...read more
... cover to get? While there are plenty of other business insurance policies that real estate agents might consider, Professional Indemnity (PI) insurance is the only policy type required for agents either by an industry ...read more
How much does Combined Liability Insurance cost for Allied Health Professionals? Professional Indemnity (PI) insurance is one of the most important types of cover for all allied health professionals due to the potential ...read more
... , 2011, the Tax Practitioners Board required Bookkeepers and BAS Agents to have Professional Indemnity (PI) insurance. Professional Indemnity insurance coverage helps to reduce the risk that an Agent will be made liable ...read more
... lead to a costly Professional Indemnity claim. Thankfully, Professional Indemnity insurance is designed to ... Did you know that PI insurance is known as 'claims made' cover, which means you need PI insurance to be in ...read more
... outstanding insurance solutions to a range of organisations across Australia. 1. Operating online ... the beautician had a policy that included Professional Indemnity (PI) insurance , which protect against financial loss for ...read more
... miscalculations can still occur^. This is where Professional Indemnity insurance* can become a vital form of cover. Professional Indemnity (PI) insurance offers protection for businesses that provide specialist services ...read more
... trying to do was sell insurance - whether it was D&O or professional indemnity - but really focusing on ... of modern technology means every business, whether they are online- focused or not, should be exploring how it can ...read more
... 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 ...read more
... a rough idea of what's covered will certainly come in handy. For example, if you purchase Professional Indemnity (PI) insurance you should know that you're covered for any damages claims awarded against you, plus defence ...read more
... policies combine Professional Indemnity (PI), Public Liability and Products Liability to cover the IT professional from a ... insurances in addition to professional indemnity. The benefit of having professional indemnity ...read more
... sustaining property damage as a result of your negligent business activities. Professional Indemnity insurance* Professional Indemnity (PI) insurance offers protection for businesses that provide specialist services or ...read more
... of themselves, but the primary insurances - public liability and professional indemnity - are crucial. Ignore them ... faulty product. This cover is essential. Professional Indemnity ('PI') is different in that it protects ...read more
... an online empire, ... Professional Indemnity insurance. Even the most experienced professionals can make accidental mistakes, and that’s where Professional Indemnity insurance can help. Professional Indemnity (PI) insurance ...read more
... 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 ...read more
... with safety standards and recording the correct measurements of properties and sites. That is why Professional Indemnity (PI) insurance is an important form of protection for surveyors. It is designed to respond to ...read more
... purchased once for a selected period of time by the insured. If you need to get your Professional Indemnity or Run-Off insurance sorted for your business today, get in touch with BizCover today. We provide multi-year Run ...read more
... professions. Here's a snapshot of what Professional Indemnity and Public Liability insurance provide cover for. Professional Indemnity Insurance A Professional Indemnity claim could be enough to cripple your allied ...read more
... assets if something does go wrong. Even if you're not at fault, Professional Indemnity insurance may be able to assist you. Professional Indemnity insurance is there to give you peace of mind if claims arise as a result ...read more
Reviews related to Professional Indemnity Insurance Quotes Online
Easy & intuitive website for generating multiple professional indemnity quotes. Good personal follow-up by friendly brokers.
Management Consulting Service
Professional Indemnity insurance
Professional Indemnity insurance is designed for professionals who provide a specialist service or advice, providing protection for financial loss and legal costs in the event of a claim. This claim may be a result of an actual or alleged negligent act, error or omission whilst providing your professional service or advice.
Here’s the lowdown on Professional Indemnity insurance*
You’re a professional and there is no doubt you are good at what you do. However, mistakes happen even with the most professional operators.
Professional Indemnity claims can arise from simple things like
- giving incorrect advice
- a miscalculation
- incorrect diagnosis or treatment
- an act, omission or breach of duty
- engaging in misleading or deceptive conduct
- loss of documentation
- inadvertently defaming someone
- failing to meet a deadline
- not meeting your clients expectations
Excellence in Customer Service
Independent feedback from our customers rated our service at excellent.
What’s typically included?*
Depending on the Professional Indemnity policy selected, your policy could cover you for liabilities arising from but not limited to: non-intentional or non- deliberate professional misconduct such as:
- Providing your client with misleading or negligent advice
- Breaching your professional duty
- Confidentiality and other privacy breaches
- Defamation, libel or slander
- Loss of or damage to documents
- Infringement of intellectual property
- Payment of compensation as a result of a claim, including but not limited to Court awarded damages
- An award of legal costs against you
- Reasonable legal costs incurred in defending or responding to the claim
- Claim investigation costs
- Disciplinary proceeding costs
- Depending on the type of Professional Indemnity insurance policy you have, it may extend to provide cover for public relation costs to help protect your business’ reputation
For allied health professionals your Professional Indemnity insurance policy extends to provide cover for bodily injury or illness claims arising from the professional services covered by the policy.
What is typically not covered?*
- Intentional damage or misconduct
- Contractual liabilities
- Professional fees refunds
- Known claims and circumstances that may have occurred prior to the period of insurance
- Acts of fraud and dishonesty
- Accidental injury and property damage ( these kind of claims would typically be covered by Public Liability insurance)
How Much Cover Should I have ?
With BizCover you can choose policies with levels of cover between $250,000 to $10 million, from the leading insurers on our website.
When considering how much cover you may need you should think about:
- What are the potential risks (what could go wrong) and what could be the potential cost of a claim if something does go wrong?
- The value of projects you work on or the value of your services
- Any statutory requirements for your profession
- The requirement of any professional body or association of which you are a member. Remember, as your business grows it is important to reassess your exposure to risk and increase your level of cover accordingly.
Why choose BizCover for your Professional Indemnity insurance?
Built for small business
We know insurance and what makes small businesses tick.
Clear and competitive pricing
You can compare and choose from a range of highly competitive prices right there on your screen. Seriously.
Cover to match your needs
You can tailor policies from selected Australian insurers to suit the needs of your business, and we are there to help!
Real people adding real value
Our friendly service team is on hand and on a mission to make you smile!
Frequently Asked Questions on Professional Indemnity Insurance
Professional Indemnity insurance* can protect those who provide professional advice or services to their clients. Some of these traditional occupations include accountants, architects, engineers and many more.
Even for those in more hands-on professions like life coaches, consultants and event managers can still consider the benefits of Professional Indemnity insurance.
Regardless of which industry you operate in, as a professional, you have a responsibility to deliver professional advice and services of the highest quality. A professional indemnity policy is intended to provide financial protection if a client were to make a claim against you for negligent acts or omissions in the provision of your professional service or advice. Could your business afford the legal fees and associated costs that come with a claim?
Professional Indemnity insurance is not always mandatory requirement. However, for some professions it is a legal requirement or a mandatory requirement as part of the professional licence or membership to the relevant industry association. It can also be a contractual requirement. It is always best to check with your relevant industry body if it is a legal requirement and if a minimum level of cover is required.
When it comes to the cost of your Professional Indemnity insurance, there’s no one price fits all policy. Every business is different, with each occupation carrying a different level of risk. The general rule is – the higher the risk, the higher the premium.
These factors can also impact the cost:
- Your business revenue
- Size of your business
- Amount of coverage required
- Who is being covered by the policy? Are they qualified to perform the job?
- Claims history
You can find more information here on Professional Indemnity cost and pricing factors.
While both types of policies are there to protect your business against third-party claims that may occur from your business activities, they cover very different liabilities.
Public Liability insurance* protects your business if a customer, supplier or member of the public are injured or sustain property damage as a result of your negligent business activities. It also assists with the legal costs associated with managing claims covered by the policy.
Professional Indemnity insurance is designed to respond to claims against your business for losses as a result of actual or alleged negligent acts or omissions in the provision of your professional service or advice. It will also assist with the legal costs associated with responding to or managing claims which are covered by the policy.
Management Liability insurance* protects directors and officers and the insured company itself from the many exposures relating to the management of a company. Owners and those responsible for the management of a company have specific responsibilities which can result in personal liability for alleged or actual wrongdoing.
Management Liability is often offered as a packaged product including Directors and Officers Liability, Corporate Liability, Employment Practice Liability, Crime and Statutory Liability.
Professional Indemnity protects you against losses claimed by a third party due to alleged or actual negligence or errors in your professional services or advice. Your Professional Indemnity insurance will meet the associated compensation payable to a third party together with your defence costs (which can include legal costs, investigator costs and expert fees).
When it comes to making a claim on your insurance, we understand that it can be a difficult time and that’s why we want to make it as stress-free as possible. To help guide you through, we’ve created a simple outline of the claims process.
Start the claims process by downloading and completing our claims form.
Please email the completed form to our friendly claims team at email@example.com.
We process all our claims online so you can lodge it anytime, 24/7.
Leave the rest with us. Once we receive the claim form, we then manage the claim directly with the insurer. We pride ourselves on handling claims promptly, keeping you up to date every step of the process.
Top tips to help speed up the claims process:
- Fill out the form correctly with all the required details, as accurately as possible.
- Include any relevant documents, photos, invoices etc.
- Check your policy excess. If the amount you are claiming for is less than the excess, then it may not be worth claiming.