What is Professional Indemnity Insurance?

... ? 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 a ...

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How Does Professional Indemnity Insurance Benefit You?

If you are a professional and have your own company, then ... also be referred to as professional indemnity insurance. Professionals are expected to possess If you are a professional and have 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 ...

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Do I need Professional Indemnity insurance?

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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 the cost of Professional Indemnity insurance is calculated

... the cost of a Professional Indemnity (PI) insurance policy is calculated and why one profession ... of Professional Indemnity insurance. Insurance ... Professional Indemnity (PI) insurance policy is calculated and why one profession can often cost more than another? We look some of the key factors that that impact the cost of Professional Indemnity insurance. Insurance ...

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Professional Indemnity

... 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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Additional Cover for Professional Indemnity Insurance

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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 ... loss based on your advice may turn around and file an insurance claim against you. The result is that ... insurance or public liability insurance for your own protection. When you buy a Professional Indemnity insurance ...

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Top 5 Reasons for Having Professional Indemnity and Public Liability Insurance

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Public Liability NSW

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

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Insurance for Disability Workers

... it cover? A Disability Support Worker's insurance package includes Professional Indemnity* and Public Liability* insurance. Professional Indemnity* An important form of insurance that is designed to respond to claims ...

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Insurance for Yoga Teachers

... Indemnity Insurance can protect against allegations of professional negligence to help safeguard your reputation - peace of mind for you and your business without having to bend over backwards. Public Liability ...

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STABLE INSURANCE RATES A REASSURANCE FOR SMEs

BizCover's SME Insurance Price Index has unveiled a ... the COVID-19 pandemic with insurance rates remaining flat for a ... acquired from BizCover's ... quarter. Figures acquired from BizCover's SME insurance platform showed a decrease of 0.4 percent ... offset by increases in the cost of Public Liability and Professional Indemnity in other industries,” he said. BizCover' ...

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6 Areas You May Not Have Thought Business Insurance Covers

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Insurance prices remain steady despite market predictions of higher premiums

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

... online insurance marketplace in Australia and leading provider of online professional indemnity insurance, ... has announced today the launch ... to add in Public Liability, Statutory Liability, Employers Liability, Employment Dispute Liability and other associated insurance products. To obtain a quote for professional indemnity insurance, and get instant coverage ...

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Insurance for IT Professionals

... claim can be difficult to determine. BizCover is able to offer a liability package with combined Professional Indemnity and Public Liability insurance from the same insurer. That way, there can be no dispute between ...

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Insurance for Carpenters

... public then 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 ...

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Insurance for Plumber

... , supplier or a member of the public are injured or sustain property damage as a result of your negligent business activities. Professional Indemnity Professional Indemnity insurance* is an important form of protection ...

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Insurance for Civil Engineers

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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 Nurses

... to and managing claims covered by your . Another benefit of Professional Indemnity insurance is that it can assist you if you are subject to disciplinary action as a result of your nursing activities. Public Liability ...

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Keep calm and stretch on with Yoga Teacher insurance

Breathe in, breathe out, and let a wave of calm ... of arranging your yoga teacher insurance go. As a yogi or ... business. Let us centre your insurance ... and valued on your insurance certificate. Did you know? Yoga Australia recommends the following minimum levels of insurance cover for their yoga teacher members: $10m Public Liability $5m Professional Indemnity ...

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Insurance for Finance & Mortgage Brokers

... the policy. Professional Indemnity policies are available through BizCover that can meet the requirements of RG210. Public Liability* Public Liability insurance is a no-brainer for finance and mortgage brokers. Regular ...

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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 ... business for a while and looking to buy insurance for the first ... ... well as limits set by your professional body and any 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 ...

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Insurance Considerations for Personal Trainers

... your clients achieve their goals and transform their lifestyles, but it ... consider how to protect yourself and your business from the [ ... ... is for $1,000,000 Professional Indemnity and $10,000,000 Public Liability. A combined policy can start at from as little as $21 a month. To find out more about these types of insurance and to get a quick quote from ...

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Insurance for architects- the blueprint to success

... the challenge of crafting plans and working on demanding projects where ... ... and territories, each with their own Architects Act and registration boards. And with that comes varying Professional Indemnity insurance ... go awry and the chance of a claim occurring. Public Liability insurance is an ...

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

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Insurance for Accountants

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5 Tips for getting the best Public Liability insurance for your business

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Professional Indemnity Insurance for Civil Engineers

... re an expert in construction and oversee the development of civil ... for your pearls of wisdom and professional services. Like any profession there ... involved with 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 ...

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Misconceptions Around Professional Indemnity Insurance

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What Limit of Professional Indemnity Insurance Do I Need?

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

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Legal Requirement for Public Liability Insurance

Public liability insurance covers your business for losses ... business' activities. Failure in obtaining public liability insurance policy can expose ... any claims brought against 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 ...

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Professional Indemnity Insurance 101: For Allied Health Professionals

Our optometrists, chiropractors and occupational therapists, as well as ... to protect yourself is with professional indemnity insurance. This type of ... 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 safe if they do face ...

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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, ... . This is why many people turn to a concept like professional indemnity insurance, which can cover and protect both parties where they need the coverage and protection most: Their bank account. In life, mistakes happen ...

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Public Liability Insurance for Cabinet Makers

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Public Liability Insurance Scenario

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Public Liability Insurance in Brisbane

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Public Liability Insurance in Adelaide

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Public Liability Insurance in Perth

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Public Liability Insurance in Hobart

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Public Liability Insurance in Darwin

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Public Liability Insurance in Port Macquarie

... Becky for her pleasant and professional service. She made the whole transaction quick and smooth. ” Mark T., Moulding manufacturer What does Public Liability insurance cover? Public Liability insurance covers claims for ...

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How much Public Liability insurance do I need?

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Public Liability Insurance in Rockhampton

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Public Liability Insurance in Mandurah

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How much does Public Liability Insurance Cost?

... businesses that are predominantly office-based, such as consultancy occupations. Given the various industries and occupations Public Liability insurance can cover, also means the cost of it can vary greatly. This is due ...

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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 ...

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What does Public Liability insurance cover?

... claims can be very expensive (the example above could easily cost well over $50,000), and not having Public Liability insurance means you could well end up paying for the claim straight from your back pocket. Bear ...

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Professional Indemnity for Real Estate Agents

... the Real Estate Industry Professional Indemnity Insurance provides essential financial protection ... of acts, errors and omissions from professional ... Stock and Business Agents Act 2002 hold a minimum of $1 million Professional Indemnity Insurance with ... the misrepresentation is plainly stated in the advertising material and liability on the real estate agent is easy to ...

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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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Public Liability PPC

... are made for personal injury or property damage. Public Liability Insurance does just that. It covers the expense of legal and defence costs; court attendance costs; and compensation awarded, in the event of somebody ...

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Professional Indemnity Claims: when should I notify my insurer?

Your Professional Indemnity (PI) insurance is no doubt one of ... needed financial assistance for legal and compensation costs in the event ... against ... 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 ... admit liability or ...

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Public Liability WA

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Public Liability QLD

... for 2017 within our BizCover database 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 ...

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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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Management Liability Insurance

... liability insurance* protects directors and officers and the insured company itself from the many exposures relating to the management of a company. Think of it like this: where Professional Indemnity insurance ...

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Cyber Liability Insurance: the safety net small businesses need

... to hit, but the wider public is now starting to realise ... the globe, particularly in Australia and especially to small businesses. The ... , no ... some time for the reality to hit, but the wider public is now starting to realise that hackers aren't just ... covering the expenses and legal costs that are associated with breaches. Cyber Liability insurance won't prevent ...

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Public Liability

... reasonable steps for the safety of your customers, suppliers, community and their property. Public Liability Insurance is designed to provide protection for you and your business in the event a customer, supplier or a ...

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What is Product Liability Insurance?

... relating to property damage or personal injury caused by your products. Product Liability insurance usually forms part of a Public Liability policy and the word 'product' will be a defined term in the policy wording ...

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Business Insurance Guide for the Self-Employed - Part 4

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Cyber Liability Insurance

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Insurance for Plasterers

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A Guide to PI Insurance

... make Professional Indemnity Insurance simple (also known as errors and omissions insurance, PI or Professional Indemnity). What is ... is to make Professional Indemnity Insurance simple (also known as errors and omissions insurance, PI or Professional Indemnity). What is Professional Indemnity Insurance? Professional Indemnity Insurance is a form of ...

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Insurance for Registered Tax Agents

... 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 returns ...

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Business Insurance Guide for the Self-Employed - Part 2

... the world of business insurance can be confusing which ... a guide to business insurance for the self-employed ... of cover to consider and ... and outs of Professional Indemnity insurance. What is Professional Indemnity insurance*? Professional Indemnity insurance ... Contractual liabilities   Your professional fees   Known claims and circumstances  Fraud and  ...

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BizCover SME Insurance Price Index Q1 FY20

... retailers and professionals have seen material price reductions on their Public Liability insurance, while ... prices have remained steady across ... quarter 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 ...

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Insurance for Landscapers

... property, there is always a chance for things to go belly up. That's where Public Liability insurance comes into play. Public Liability protects you and your business in the event a customer, supplier or a member of the ...

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Insurance for Car Wash and Auto Detailers

... give you peace of mind, especially if your business is mobile. Insurance for Car Wash and Auto Detailers Public Liability Insurance* When you are working with the public, there’s a chance for accidents to happen. All it ...

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Insurance for Handymen

... vase - the list of potential mishaps can go on! Public Liability insurance is designed to cover legal fees and compensation costs if a customer, member of the public or a supplier claims against you for injury or damage ...

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Insurance for Tradesmen

... , you're not going to be able to talk your way out of a Public Liability claim. Public Liability insurance is designed to provide protection for you and your business in the event a customer, supplier or a member of the ...

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Insurance for Electricians

... adding a bit of spark to your client's day. Did you Know? Public Liability insurance is a mandatory licensing requirement in most states and territories of Australia, usually requiring a minimum cover level of $5 million ...

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Insurance for Cleaners

... personal assets if things go wrong. Public Liability Insurance* Do you need it? The short answer is yes. Thankfully, Public Liability insurance is there to provide protection for you and your business in the event a ...

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Insurance for Nurses

... the NMBA for Professional Indemnity Insurance arrangements for all enrolled nurses, registered nurses and midwives came into effect on 1st June 2016 and state that, whether covered by their own PI arrangements or third ...

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Insurance for Bookkeepers & BAS Agents

... From 1st July, 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 ...

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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.