Insurance for Psychologists

... 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 ...

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What does Professional Indemnity Insurance cover?

... liabilities ... Professional Indemnity insurance include: Allied Health Professionals Management Consultants Recruitment Consultants Engineers Marketing Consultants IT Professionals Nurses Building Inspectors Psychologists ...

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Insurance for Professionals

... legal costs, investigator costs and expert fees). Public Liability Insurance* Public Liability insurance can be an important form of cover for all types of professionals. It is designed to provide protection for you ...

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Insurance by Industry

... 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. At ...

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Turn the spotlight on hackers and protect your data

Your business might pride itself on great service or friendly staff, but your success is really built on the trust your customers have in you. After all, when they hand ... example, insurance brokers, bankers, accountants, attorneys, psychologists and health insurance providers ... any potential costs. For example, Cyber Liability Insurance covers your business against the expenses associated ...

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What is Public Liability Insurance?

... made to her of $75,000 as well as defence costs (to the assessor and lawyer) of $30,000. Without the public liability insurance, the graphic design business would have been liable for over $100,000! *As with any ...

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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 ... NHAA members should hold and maintain Professional Indemnity and Public Liability insurance. #1 Protection against claims of negligence, malpractice and professional misconduct Your service comes with an expectation ...

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What Tradies Need to Know About Public Liability Insurance

... the most common types of insurances for tradies, but do you ... ins and outs of Public Liability insurance and what you need to ... what is Public ... does Public Liability insurance typically not cover? Injuries to your employees Damage to your own property Costs of rectifying faulty workmanship Professional negligence Contractual liability Events occurring ...

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5 Things to Consider When Buying Public Liability Insurance

Public Liability insurance. It's one of those ... your business? Not all Public Liability policies are the same and ... ... your State's relevant authority to know what is required. Public Liability insurance is also requirement for many industry associations and professional memberships, which will also stipulate the minimum level of cover ...

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Legal Requirement for Public Liability Insurance

Public liability insurance covers your business for losses ... ' activities. Failure in obtaining public liability insurance policy can expose a business ... your business and as such is advisable to have public liability insurance. Legal Requirement for Public Liability Insurance Although public liability insurance is not a statutory requirement, most small to medium sized ...

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Professional Indemnity Insurance for Civil Engineers

... your pearls of wisdom and professional services. Like any profession there ... your services. As a professional, considering Professional ... claim can be crippling, and potentially enough to send you out of business. Below we'll explore Professional Indemnity insurance and how it can apply to your work as a Civil engineer. Civil Engineering risks Within the ...

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How Does Professional Indemnity Insurance Benefit You?

If you are a professional and have your own company, ... have professional insurance, which can also be referred to as professional indemnity ... 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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What Limit of Professional Indemnity Insurance Do I Need?

... consumers is 'What limit of Professional Indemnity insurance do I need?' While ... . If you belong to a professional association, it is always ... a good idea to contact the association and check whether there is a minimum limit of Professional Indemnity Insurance you are required to maintain to comply with their compliance requirements. They may also be able ...

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How the cost of Professional Indemnity insurance is calculated

... the cost of a Professional Indemnity (PI) insurance policy is calculated and ... that impact the cost of Professional Indemnity insurance ... more than another? We look some of the key factors that that impact the cost of Professional Indemnity insurance. Insurance policy pricing is generally calculated on risk factors and put simply, the higher the level of ...

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Misconceptions Around Professional Indemnity Insurance

... misconception is that the claims professional indemnity insurance covers are only the ... ... 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 ... ... 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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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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Professional Attire Insurance

... member of the Village People? There's now a revolutionary solution; Professional Attire Insurance, that covers you for any damage to your professional uniform, offering a rapid replacement service for any stain, torn or ...

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Additional Cover for Professional Indemnity Insurance

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Management Liability Insurance

... of a company. Think of it like this: where Professional Indemnity insurance covers the advice or service you provide to your clients, Management Liability insurance covers the risks that arise from running your business ...

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Public Liability Insurance for Cabinet Makers

... the right kind of business insurances in place. Regardless [] ... ... not only gives you peace of mind knowing that there is protection in place for when disaster strikes, Public Liability insurance may also be a requirement if you are working under a contract or as a condition of entry to ...

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Public Liability Insurance in Perth

... not covered by a Public Liability insurance policy: Injuries to your employees Damage to your own property Costs of rectifying faulty workmanship Professional negligence Contractual liability Motor vehicle claims Events ...

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Public Liability Insurance in Brisbane

... not covered by a Public Liability insurance policy: Injuries to your employees Damage to your own property Costs of rectifying faulty workmanship Professional negligence Contractual liability Motor vehicle claims Events ...

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Public Liability Insurance in Adelaide

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Public Liability Insurance in Hobart

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Public Liability Insurance in Darwin

... not covered by a Public Liability insurance policy: Injuries to your employees Damage to your own property Costs of rectifying faulty workmanship Professional negligence Contractual liability Motor vehicle claims Events ...

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Public Liability Insurance in Port Macquarie

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How much Public Liability insurance do I need?

... terms of the contract. Many industry associations and professional bodies also require members to obtain and maintain a minimum amount of Public Liability insurance for membership or to meet licensing requirements. It ...

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Public Liability Insurance in Rockhampton

... not covered by a Public Liability insurance policy: Injuries to your employees Damage to your own property Costs of rectifying faulty workmanship Professional negligence Contractual liability Motor vehicle claims Events ...

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Public Liability Insurance in Mandurah

... not covered by a Public Liability insurance policy: Injuries to your employees Damage to your own property Costs of rectifying faulty workmanship Professional negligence Contractual liability Motor vehicle claims Events ...

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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 ... example, at some point you may want to add business insurance or public liability insurance for your own protection. When you buy a Professional Indemnity insurance policy, it usually is a good idea to look around until ...

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Do I need Public Liability insurance?

... for all kinds of business from professionals and tradesmen to retailers and other types of small businesses. Is Public Liability insurance a legal requirement? Public Liability Insurance is not a legal requirement in ...

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How much does Public Liability Insurance Cost?

... owners can expect to pay around $63.53 per month^ for Public Liability insurance. Public Liability insurance is one of the most popular types of insurance for businesses. In fact, it is important for almost every kind of ...

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What is Product Liability Insurance?

... injury or property damage as a result of a product defect can be expensive, and without the right Product Liability insurance you could find yourself in hot water. If you operate as a sole trader, you will potentially be ...

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Do I need Professional Indemnity insurance?

... for it or not, a claim must be defended - ignoring it won't go away. Don't despair. Professional Indemnity insurance is your best defence when faced with a claim. You get the assistance of an expert insurer by your side ...

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What does Public Liability insurance cover?

... you could well end up paying for the claim straight from your back pocket. Bear in mind that Public Liability insurance is designed for all types of businesses, not just those who work in an office or have a fixed ...

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Cyber Liability Insurance

... in 2018it might be time to bite the bullet and get the right cover for your business.i Cyber Liability insurance* is designed to help protect you from claims and support your profitability in the event of a cyber breach ...

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Public Liability Insurance Scenario

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 ... story might have been avoided altogether in just a few minutes online. What Janine needed was public liability insurance or insurance that protects you and your business from being found liable to a third party for loss ...

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Don't let your business be an online target - what you need to know about Cyber Liability Insurance

While the terms 'cybercrime' and 'data breach' may not have existed 25 years ago, they are now commonplace threats facing small business. In fact, in 2017 approximately ... protect your business, using firewalls and anti-virus software to prevent attacks and data breaches, Cyber Liability Insurance will help you deal with the costs and expenses associated with a data breach. Breaches may ...

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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 ... damage to your business by covering the expenses and legal costs that are associated with breaches. Cyber Liability insurance won't prevent an attack, but it will help businesses to manage the event effectively and be ...

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Insurance for Pet Professionals

... covers you anywhere in Australia so you can work with pets from Hobart to Hamilton Island! Insurance for pet professionals Public Liability No matter how much care you take, accidents can happen when you are working with ...

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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 ... ... of dollars), and could be enough to put a small business out of business! Public Liability Insurance explained. Professional Indemnity Insurance If your business or profession involves providing a service or advice, then ...

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Insurance for Civil Engineers

... Know? From Brisbane to the back of Bourke, your Public Liability insurance covers you anywhere within Australia. Insurance for Civil Engineers* Professional Indemnity As a civil engineer, you are recognised as an expert ...

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Home Based Business Insurance

... need to have been in place before you contracted the disease.  Employment Practices Liability* Employment Practices Liability (EPL) Insurance is designed to help employers minimise the risk and potential cost of claims ...

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Insurance for Plasterers

... in the policy wording. Insurance for plasterers Public Liability Insurance* Protecting your business with Public Liability insurance is a concrete decision. Public Liability insurance is designed to provide protection ...

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BizInsure Capitalizes on the Paradigm Shift in Commercial Insurance!

... insurance model that connects independent professionals and small businesses to critical Professional Liability ... (E&O) insurance ... the policy best suited for their needs, within minutes. This is unprecedented for this market. Professional Liability (E&O) insurance is just the beginning; over the upcoming months and years BizInsure will become a one ...

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Business Insurance Guide for the Self-Employed - Part 4

... piece of our Business Insurance for the self-employed ... Accident and Illness insurance and Cyber Liability insurance. We share the ... is ... Professional sports Motor sports Why do self-employed workers need to consider Personal Accident and Illness insurance ... income. Cyber Liability What is Cyber Liability insurance? Cyber Liability insurance* is designed ...

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Professional Indemnity for Real Estate Agents

... the Real Estate Industry Professional Indemnity Insurance provides essential financial protection against ... acts, errors and omissions from professional ... hold a minimum of $1 million Professional Indemnity Insurance with a number of set policy inclusions ... misrepresentation is plainly stated in the advertising material and liability on the real estate agent is easy to see. ...

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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 ... ins and ... of Professional Indemnity insurance. What is Professional Indemnity insurance*? Professional Indemnity insurance is ... include: Intentional damage   Contractual liabilities   Your professional fees   Known claims and ...

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BizCover SME Insurance Price Index Q1 FY20

... and professionals have seen material price reductions on their Public Liability insurance, while ... ... across all products, driven by both a 5% (Retail) and 13% decrease (Professionals) in the price of their Public Liability insurance for the most recent quarter. This contradicts the steady industry increases we have seen ...

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A Guide to PI Insurance

... and omissions insurance, PI or Professional Indemnity). What is Professional Indemnity Insurance? Professional Indemnity Insurance ... 't know if they are getting the best deal. This is where BizCover steps in to satisfy your Professional Indemnity Insurance needs. BizCover allows you to get live online quotes in under 2 minutes, and purchase in only a ...

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Insurance for Bakers

... Accidents can easily occur in a bakery which makes Public Liability an important type of insurance to consider. Public Liability insurance is designed to provide protection for you and your bakery business in the ...

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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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Who is Covered Under an IT Liability Policy?

Information Technology Insurance Professionals in the information technology sector face potential liabilities from clients ... ... services IT recruitment and placement services What do IT Liability policies provide cover for? IT Liability insurance provides cover for a breach of the policyholders professional duty to a client in the performance of ...

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Insurance for Civil Engineers- what you need to know

... about what kinds of business insurance coverage you may need to ... ... in the event of a costly claim. It is vital to know the difference between Professional Indemnity and Public Liability insurance, as these are two very different covers that offer protection for different types of risks ...

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Insurance for Architects

... important Professional Indemnity insurance for your business for any claims arising from work you do before finishing up but which are notified to you after the doors have closed. Public Liability Insurance* Do ...

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Insurance for IT Professionals

... a more common requirement for independent contractors to hold and maintain their own Professional Indemnity insurance policies. Public Liability Insurance* Chances are you spend most of your time visiting your client's ...

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Insurance for Consultants

... a potential for you to have enormous liability exposure, which may affect your personal assets if things go wrong. Insurance for Consultants Professional Indemnity* There are literally hundreds of different consulting ...

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Insurance for Social Workers

... or advice. Professional Indemnity insurance will also assist with the legal costs associated with responding to or managing claims which are covered by the policy. Public Liability Public Liability insurance* is an ...

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Insurance for Carpenters

... you may need to consider Product Liability insurance*. It protects your business against claims by third parties relating to property damage or personal injury caused by your products. Professional Indemnity When you're ...

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Insurance for Plumber

... plumbers to hold minimum levels of public liability insurance before they can operate. Further details can ... the provision of your professional service or advice. Professional Indemnity insurance will also assist with ...

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Insurance for Yoga Teachers

... council require you to obtain a permit including public liability insurance before holding classes on council owned land, such as the public park? Has your professional association set a minimum level of cover required ...

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Keep calm and stretch on with Yoga Teacher insurance

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Insurance for Hair & Beauty Services

... service or advice. Professional Indemnity Insurance will also assist with the legal costs associated with responding to or managing claims which are covered by your policy. Public Liability Insurance* Whether you work ...

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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 ... ... contracts 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 ...

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Public Liability NSW

... Wales and their individual average monthly premiums below. How much do Professionals pay for Public Liability Insurance? The term 'Professionals' encompasses a broad range of occupations that usually require specialist ...

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What are the Insurance Options for Land Surveyors?

... yourself and your company with insurance is a smart investment. Land ... ... of your professional service or advice. The level of cover you may need is typically based on the size, scope, and type of land surveying projects your business uses. Public Liability Public Liability insurance is ...

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Insurance for Engineers

... consequences (and costs) can be severe. Professional Indemnity insurance is designed to provide your business with a ... affairs of your company. Management Liability insurance will provide protection to your company ...

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Insurance for makeup artists

... insurance cover to protect you and your business. Insurance for Makeup Artists Professional Indemnity Insurance* ... which is why Public Liability insurance is an important form of insurance. It provides protection ...

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Insurance for Accountants

... financial losses for your clients. Professional Indemnity insurance will protect your business from ... confidentiality by your system being hacked. Cyber Liability insurance helps to protect you from claims and supports ...

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Public Liability QLD

... and their individual average monthly premiums below. How much do Professionals pay for Public Liability Insurance? The term 'Professionals' encompasses a broad range of occupations that usually require specialist ...

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Insurance for pharmacy and pharmacists

... box of medications, resulting in injury. Other Insurances for pharmacies Whilst Professional Indemnity and Public Liability insurance provides cover for legal liabilities arising from your practice as a pharmacist and ...

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Insurance for martial art teachers

... claim being made against you. Having Professional Indemnity insurance can help you respond to claims ... dojo or somewhere else. Either way, Public Liability insurance is important for martial arts trainers by providing ...

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Public Liability WA

... during 2018 and their individual average monthly premiums. How much do Professionals pay for Public Liability Insurance in WA? The term 'Professionals' covers a wide range of occupations that typically need specialist ...

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Business Insurance Guide for the Self-Employed - Part 1

... are a variety of business insurance [] ... of rectifying faulty workmanship Professional negligence Contractual liability Events occurring before or after the policy period Why do self-employed workers need to consider Public Liability insurance? Here are a ...

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Insurance for Lawn Mowing Services

... claim to happen. Your Public Liability insurance policy provides financial protection by covering ... tools. Accidents can happen on even the most professional and organised working conditions. Should the unexpected happen, ...

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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 ... ... want to consider upping the level of your Public Liability insurance. Similarly, take into account any changes in nature ... you may want to increase your Professional Indemnity insurance. Also, consider any new contracts ...

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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 ... both sectors saw no changes to the cost of their Public Liability insurance. SME Professionals have been seeing increases in their Public Liability insurance over the last few years, however this year the increases were ...

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Insurance for Nurses

... not practice unless you are covered by a Professional Indemnity Insurance policy that meets the minimum requirements set ... nurses and midwives must include: a) Civil liability cover b) Appropriate retroactive cover* for ...

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5 Surprising Things Business Insurance Can Cover

When looking for Business Insurance, most small business owners typically ... things such as their legal liabilities and top of mind assets ... ... you're an exceptionally prime target. Cyber Liability insurance is a 'must have' policy for all ... professional fees for bookkeepers, accountants, lawyers and other associated costs. Every business has different insurance ...

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Protect your business with Statutory Liability Cover

... are many different types of insurance policies available to small businesses ... are unaware that there is insurance designed to protect against ... Act Mining Act Building Professionals Act Electricity Act What is Statutory Liability? A lot goes into ... or can afford to make. This is where Statutory Liability insurance comes into play – designed to help cover the ...

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BizCover SME Insurance Price Index Q1 FY21

... clients buck the trend of insurance price hikes. Whilst the Australian ... the availability and pricing of insurance for SMEs, BizCover can report ... Full Report can be viewed here: SME Insurance Price Index Public Liability insurance is an essential cover for SME's ... decrease in prices quarter on quarter for Professional Indemnity insurance. The one area that has seen ...

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Get instant quotes

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