Professional Indemnity Insurance can be a very valuable type of cover for individuals, particularly for those who provide professional advice for a living. It helps protect against legal costs and claims for damages that may arise due to an error or act of omission throughout the course of their business.

A claim for compensation as a result of incorrect professional advice or services can have potentially devastating affects to your business.

Check our our blog on 'The Value of Professional Indemnity Insurance'

What Does It Cover?

Professional indemnity is a wide-ranging insurance solution, with cover including anything from accidents and breaches of contract to mistakes, malpractice and errors or omissions.

Civil liability - Domestic property and belongings from defined events or accidental damage. Cover may include buildings, contents, personal effects, legal liability and/or domestic workers compensation cover.

Inquiry costs - Physical loss or damage to a property caused by specified events or accidental damage.

Defence costs - Claims by third parties for personal injury, property damage, and/or legal costs.

Fidelity cover - Regular payments to help keep your business running if you’re injured or fall ill.

Who Does It Cover?

Professional indemnity insurance is mandatory in some industries, such as medicine, accounting, law and financial advisers – with the requirements differing from state to state.

But even in cases where it’s not required by law, it is recommended for anyone who provides professional services or advice to clients in exchange for a fee - such as engineers, marketing specialists, designers, IT consultants.

It is usually a customer requirement that you have this cover in place.

Professional Indemnity Insurance can be a very valuable type of cover for individuals, particularly for those who provide professional advice for a living. It helps protect against legal costs and claims for damages that may arise due to an error or act of omission throughout the course of their business.

A claim for compensation as a result of incorrect professional advice or services can have potentially devastating affects to your business.

Check our our blog on 'The Value of Professional Indemnity Insurance'

What Does It Cover?

Professional indemnity is a wide-ranging insurance solution, with cover including anything from accidents and breaches of contract to mistakes, malpractice and errors or omissions.

Civil liability - Domestic property and belongings from defined events or accidental damage. Cover may include buildings, contents, personal effects, legal liability and/or domestic workers compensation cover.

Inquiry costs - Physical loss or damage to a property caused by specified events or accidental damage.

Defence costs - Claims by third parties for personal injury, property damage, and/or legal costs.

Fidelity cover - Regular payments to help keep your business running if you’re injured or fall ill.

Who Does It Cover?

Professional indemnity insurance is mandatory in some industries, such as medicine, accounting, law and financial advisers – with the requirements differing from state to state.

But even in cases where it’s not required by law, it is recommended for anyone who provides professional services or advice to clients in exchange for a fee - such as engineers, marketing specialists, designers, IT consultants.

It is usually a customer requirement that you have this cover in place.