What is Professional Indemnity Insurance?

Do I need professional indemnity insurance?Claim example What is Professional Indemnity Insurance? Professional Indemnity insurance protects professionals against claims of negligence or breach of duty made by a client ...

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Do I need Professional Indemnity insurance?

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How Does Professional Indemnity Insurance Benefit You?

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How the cost of Professional Indemnity insurance is calculated

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Professional Indemnity

... We have answers 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 (PI) insurance* is an important form of ...

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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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Professional Indemnity Insurance for Civil Engineers

... you're an expert in construction and oversee the development of ... and professional services. Like any profession there are risks that you ... work that involves the design and 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 ...

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What are the Insurance Options for Land Surveyors?

... yourself and your company with insurance is a smart investment. Land surveyors ... ... as errors in their work can result in millions in lost construction costs, faulty construction or potential safety issues. Professional Indemnity (or PI) insurance is an important cover for land surveyors to consider, as ...

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What is the Job of a Land Surveyor?

... yourself a problem-solving ninja, are strong with technology, have a ... land surveying appealing. Land surveyors are a vital component to the . ... needed to begin any new construction project. What Skills Are Needed? To be a successful land surveyor, a ... Insurance for land surveyor options are also available through BizCover, including professional indemnity insurance ...

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What is Civil Engineering

Civil engineers are responsible for overseeing the development, planning, construction, maintenance, and repair ... as private contractors or for construction ... 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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Business Insurance Guide for the Self-Employed - Part 2

... world of business insurance can be confusing which is why we've made ... created a guide to business insurance for the self-employed ... of our guide, we explore the ins and outs of Professional Indemnity insurance. What is Professional Indemnity insurance*? Professional Indemnity insurance is an important form of protection for businesses that provide ...

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Insurance for Civil Engineers- what you need to know

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Insurance for Engineers

... the way up to $10m Insurance for Engineers Professional Indemnity* As a professional engineer, you are required to be an expert. Your work can involve construction of materials that are associated with a high degree ...

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Why Land Surveying is an Important Career

What began nearly 3,000 years ... . The task of land surveying is one that demands precision, experience ... ... professional indemnity. When is land surveying used? Land surveying is often considered to be a proactive process that should be completed before any new construction or development project is begun. But this is ...

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What Limit of Professional Indemnity Insurance Do I Need?

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Misconceptions Around Professional Indemnity Insurance

A common misconception is that the claims professional indemnity insurance covers are only the experiences of ... inadequate work for clients. This ... 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

... lives caring for others. Which is why it's essential their ... lives are also properly protected. One of ... best ways to protect yourself is ... their lives caring for others. Which is why it's essential their lives are also properly protected. One of the best ways to protect yourself is with professional indemnity insurance. This type of policy provides cover ...

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Sometimes Professional Indemnity Insurance is Needed

Professional indemnity insurance is handcrafted to provide coverage for ... the policy holder due to professional carelessness or accusations. Sometimes ... 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 not ...

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Professional Indemnity Insurance for Consultants

... start businesses, in Australia have been experiencing a steady growth in ... . One area that is growing in magnitude is the idea of starting ... needs best. One way to do this is to compare quotes from different companies offering Professional Indemnity Insurance. This way you are able to get the full spectrum of what competitors charge but looking at a side by ...

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What is Product Liability Insurance?

Do I need Product Liability Insurance? What is Product Liability Insurance? Product Liability insurance* protects your businesses against claims by third parties relating to property damage or personal injury caused by ...

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What is Public Liability Insurance?

Do I need public liability insurance?Claim Example What is Public Liability Insurance?* Public Liability insurance protects your business if a customer, supplier or member of the public is injured or sustains property ...

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Additional Cover for Professional Indemnity Insurance

... Fernando for his certificates of insurance - it's just part ... of the business. Hish is the managing director of Information ... clients. His company ... expect his business to be covered by professional indemnity insurance to ensure there is cover in place in ... or property damage, it is vulnerable to costly legal action. PI Insurance protects small businesses from this ...

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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 ... 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 at your level of cover. While the chance ...

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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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What is Business Insurance?

Do I need business insurance?Claim Example What is Business Insurance? Business Insurance can provide cover for your business' premises and contents, against loss, damage or theft, also offering protection against ...

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Professional Indemnity Claims: when should I notify my insurer?

Your Professional Indemnity (PI) insurance is no doubt one of the ... 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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Top 5 Reasons for Having Professional Indemnity and Public Liability Insurance

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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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What is a Cabinet Maker?

Cabinet makers are woodworkers that specialize in designing ... ... including framing, deck construction, custom designed stairs ... Insurance for cabinet makers is also available. What is the Average Work Schedule for Cabinetmakers? Under most circumstances, a professional cabinetmaker will ...

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What does Public Liability insurance cover?

What does Public Liability insurance* cover? Public Liability insurance provides cover for your business if a customer, supplier or a member of the public is injured or sustains property damage due to your negligent ...

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A Guide to PI Insurance

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What Tradies Need to Know About Public Liability Insurance

... the most common types of insurances for tradies, but do you ... insurance and what you need to know, without the boring bits. So what is ... down the ins and outs of Public Liability insurance and what you need to know, without the boring bits. So what is Public Liability insurance? In a nutshell, Public Liability insurance* is there to protect you and your ...

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The Winner of the 41st BizGiver Grant is Baldyhall Rural Engineering

Baldyhall Rural Engineering Pty Ltd is a small family owned business ... . Owner and Director, Craig Baldwin is a fully qualified fitter and ... ,000 BizGiver ... by ensuring we can keep our hourly rates at competitive prices based on zero capital expenditure. What have been your biggest achievements? Getting started as a small rural business. Gaining a contract with the Stroud ...

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Insurance for Disability Workers

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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

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Insurance for IT Professionals

... 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 management ...

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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 martial art teachers

... fitness advice 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 ...

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Insurance for Nurses

... (NMBA). Even if you are covered under your employer's insurance 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 ...

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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 ... ... combined PI&PL market, which is largely ... are now at levels where insurers are no longer willing to reduce any further. As an example, the cost of Professional indemnity insurance for some Allied Health professionals can be ...

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Keep calm and stretch on with Yoga Teacher insurance

... of arranging your yoga teacher insurance go. As a yogi or ... don't have time to be worrying about having the right ... business. Let us centre ... of your own, it could be you as 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 ...

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How to Become a Professional Land Surveyor in Australia

Land surveying is the science, technique and profession ... designing new or existing structures, construction of buildings, roads, bridges, sports . ... oversee construction projects ... 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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So You Want to Start a Side Hustle? Here's What You Need to Know - Part 2

... 2 of our guide on what you need to know when ... . One of the hardest steps is getting started, following that passion ... ... 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 Considerations for Personal Trainers

... as a personal trainer can be a rewarding career. Not only ... work for yourself. If you are self-employed you also need ... ... exercises and even what foods to eat, which can make you liable if anything were to go wrong because of this advice. To cover yourself against this risk you should consider Professional Indemnity Insurance, which can ...

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Insurance for makeup artists

... end of the scale, it could be alleged (rightly or wrongly) that you were negligent in providing your professional service.. Hello Bridezilla! Professional Indemnity insurance is designed to protect makeup artists by ...

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

There are some obvious pros to working ... amazing brand that you can be proud of. But making people ... look and feel amazing is just [] ... various forms of insurance mobile makeup artists should consider for their business… Professional Indemnity Insurance You're ... take. These are some of the foundations of Professional Liability insurance: What it typically ...

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Insurance for Accountants

... 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 wide ...

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

... but also stressful. While you will are taking control of your earning ... and the upside can be great, there are also a lot of ... outlays ... what you spend your limited resources on and what you don't can be tricky. It can be tempting to put your money towards things that are ... of insurance is required. For example you'll find Professional Indemnity is comp ...

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Insurance for pharmacy and pharmacists

... 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 with ...

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Management Liability Insurance

... What is Management Liability Insurance?* Everyone loves a surprise, except when you are a company director. If you own or are ... Think of it like this: where Professional Indemnity insurance covers the advice or service you ...

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Business Insurance Guide for the Self-Employed - Part 1

There is nothing like being your boss. The freedom, the ... to pursue your passion and being in control of your career ... -makers to accountants ... some of the main types of business insurances on the market. Starting with Public Liability insurance. What is Public Liability Insurance? Public Liability insurance provides protection* for  you and your business ...

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Insurance for Bookkeepers & BAS Agents

... inclusive of legal and defence costs ^Minimum PI insurance requirement source from TPB (2017, June 21st). tpb.gov.au/professional-indemnity-insurance-bas-agents What are the risk factors? Incorrect advice or errors ...

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Insurance for Land Surveyors

... of responsibility in checking constructions are compliant with safety standards and recording the correct measurements of properties and sites. That is why Professional Indemnity (PI) insurance is an important form of ...

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Insurance for Project Managers

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Insurance for Registered Migration Agents

... and the list could go on. Professional Indemnity insurance is designed to protect you by responding to ... omissions in the provision of your professional service or advice. PI Insurance also helps with the costs associated ...

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Insurance for Nurses

... has set minimum requirements for Professional Indemnity Insurance (PI) for all enrolled nurses, registered nurses and midwives. You are required to have your Professional Indemnity insurance with an adequate level of ...

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Insurance for Real Estate Agents

... professional services Misleading and deceptive conduct Poor property management Some statutory breaches Buying or selling property is a complex process, which is what ... Professional Indemnity Insurance comes in. It is ...

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Insurance for Finance & Mortgage Brokers

... Finance & Mortgage Brokers Professional Indemnity* Let's be honest, you already know Professional Indemnity insurance is important for finance and mortgage brokers. Professional Indemnity insurance is designed to protect ...

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Insurance for Psychologists

... if something does go wrong. Even if you're not at fault, Professional Indemnity insurance may be able to assist you. Professional Indemnity insurance is there to give you peace of mind if claims arise as a result ...

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Insurance for Massage & Alternative Therapies

... made against you could potentially cripple your business, not to mention ruin your reputation. Professional Indemnity insurance will protect you against losses claimed by a third party due to alleged or actual negligence ...

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Insurance for Marketing Consultants

... and everyone has experienced a hard-to-please customer who holds unreasonably high expectations. Professional Indemnity insurance is your secret weapon to protect yourself against financial losses if you end up facing a ...

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Business Insurance in Parramatta

... and Insurance Services, employing 7.2% of the population. The sector with the largest amount of registered businesses is Construction, with 4,236 businesses registered. This is followed by Professional Technical ...

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Cyber Liability Insurance

... ’s not?Get the right coverCould this happen to you? What is Cyber Liability Insurance Hackers. These are not just dodgy movie characters but real life people, doing real damage to businesses across the globe, including ...

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Do I need insurance for my market stall?

From fresh food and irresistible treats to clothing, arts, crafts, and bric-a-brac, Australia has become spoiled for choice when it comes to markets. And with the festive ... Australian brand, you'll need to ensure you have the correct insurance before you can sing 'to market, to market we go'. What is market stall insurance? Operating a market stall at a busy market, event, festival or ...

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Insurance for Architects

... the construction site”…. or you can use BizCover! Did you Know? The architecture professionin Australia is ... to a costly Professional Indemnity claim. Thankfully, Professional Indemnity insurance is designed to provide ...

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7 Types of Insurance Your Small Business Should Consider

... protect your assets is Small Business Insurance. But what kind of insurance do you ... , just as there are no two businesses ... 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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The Risky Business of Insurance

What are the Real Costs to Australian ... ? Small business owners tend to be juggling many balls - managing ... survive unforseen events, should also ... have 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 Professionals

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Insurance for IT Professionals Colour Test 2

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Insurance for IT Professionals Colour Test

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Business Insurance Guide for the Self-Employed - Part 3

... in the world of business insurance, it can feel like you ... guide on all things Business Insurance for the self-employed. In ... Business Insurance ... of an external accountant or similar professional to get the job done right can be very costly. Fortunately, this is where Tax Audit insurance comes into play. What is typically included?* Accountants fees Tax agent ...

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Insurance for Consultants

... hundreds 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 ...

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Small Business Insurance Index

... increases in the business insurance market, SMEs are continuing to benefit from ... the cost of business insurance, the BizCover SME Insurance ... 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 Professional Indemnity market. Michael ...

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Business Insurance Guide for the Self-Employed - Part 4

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

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Insurance prices remain steady despite market predictions of higher premiums

... the market at large has been talking about hardening rates over ... , the latest BizCover Small Business Insurance Index is showing little ... Small Business Insurance Index is showing little ... is unlikely insurers will be able to extract price rises in the short term from the highly profitable small business sector.” Public Liability and Professional Indemnity ...

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Small Business Insurance Price Index Q3

Insurers hold on to SME Insurance Premium Price Increases! Despite a ... in some rates, some insurers are holding on to pricing gains ... BizCover Small ... the professional sector saw no significant changes over the quarter. Michael Gottlieb, Managing Director of BizCover commented “While there is still an abundance of capacity and fierce competition in the insurance market ...

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

... BizCover Small Business Insurance Price Index is indicating that the ... market for small business insurance ... benefit from stability in ... capacity in the market. This has been the case across all insurance classes for small business, all of them ... commented Michael Gottlieb, Managing Director of BizCover. What's around the corner? With recurring bad weather ...

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Insurance for Furniture Manufacturers

... go wrong. This is where business insurance comes into play and ... should be one of ... process of arranging your insurance can feel ... of an interruption to your business caused by an insured event. Management Liability* Management Liability insurance is designed to provide protection to both the business and its directors or officers for claims of ...

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iSelect partners with BizCover to launch business insurance comparison

... expanded their general insurance offering to include business insurance, through a partnership ... , Australia's leading small business insurance ... 's trained consultants. Mark Pangrazio, iSelect's Head of Commercial for Health & General Insurance, said the company was thrilled to be partnering with BizCover to assist it in focusing on the SME business market ...

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Small Business Continues to Win on Insurance Prices!

... all indicate that the industry is long overdue for a price ... ; however the BizCover Small Business Insurance Price Index for the first ... ... flat over the quarter (Graph 1). A win for small businesses! Prices across all insurance classes were stable across the quarter, and this was reflected across most industries as well. The retail industry did see a slight ...

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Michael Gottlieb featured in Insurance Business

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

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

... with Business Insurance is that policy owners often fail to understand what it ... that still remain. Being aware of what's in your ... your PDS by heart, but having 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 ...

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Who is Covered Under an IT Liability Policy?

Information Technology Insurance Professionals in the information technology sector ... on with business. The problem is good advice and [] ... and clients requiring these insurances in addition to professional indemnity. The benefit of having professional indemnity, products liability and public liability contained in the same policy is that, in theory, no ...

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

... He started his own insurance brokerage despite never having worked ... industry. And now he is leading one of the only ... in the world selling commercial ... created some relationships and what we started trying to do was sell insurance - whether it was D&O or professional indemnity - but really focusing on what we knew well, which was the financial services industry.” Doing ...

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Insurance for Allied Health Professionals

... 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 your ...

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

... insurance but aren't sure how to get started? Which policy is ... right? How much cover is enough? Whether you ... have been in business ... 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 how much it might cost if a claim ...

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Insurance for architects- the blueprint to success

The career of an architect is an exciting one, yet it' ... the ground up, your responsibilities are skyscraper high. Beginning with the ... demanding ... what you need to know about insurance for architects. Why do I need architect's insurance? Within Australia, the architecture industry is ... Professional Indemnity Insurance Professional Indemnity insurance should be ...

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5 Tips for an Insurance Health Check

If your insurance is due for renewal or you are just wanting to do ... a health check of your insurance to ensure that if the ... unthinkable happens ... help you get back on track. Below are some common types of insurance available for small businesses and the risk areas that they cover. Professional Indemnity Protection against financial losses for any legal action ...

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Things you didn't know about small business insurance

Getting the insurance sorted for your small business can be pretty straightforward, jump ... online, compare quotes and buy the insurance ... that ... have Professional Indemnity cover. Make sure your policy stays relevant and on the move It's wise to review and update your coverage every year. No doubt your business is on the move and changing and so your insurance ...

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We have answers

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 (PI) insurance* is an important form of protection for businesses that provide specialist services or professional advice.  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 provision of your professional service or advice. PI Insurance will also assist with the legal costs associated with responding to or managing claims which are covered by the policy. 

Professional Indemnity claims can arise from simple things like giving incorrect advice, a miscalculation, incorrect diagnosis or treatment 

Professional Indemnity explained further…



Independent feedback from our customers rated our service at excellent.

What’s typically included?*

Depending on the Professional Indemnity policy selectedyour policy could cover: 

  • 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 

What is typically not covered? *

  • Intentional damage  
  • Contractual liabilities  
  • Professional fees  
  • Known claims and circumstances 
  • Fraud and dishonesty 

Download Professional Indemnity Fact Sheet

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:

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