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Covers claims for negligent advice or services
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Includes legal costs and defense fees
Quick Benefits:
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Protects consultants, designers, engineers, and supervisors
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Meets industry and regulatory standards
Professional Indemnity Insurance
Professional Indemnity Insurance covers claims arising from errors, omissions, or negligence in the advice or services you provide. It’s crucial for consultants, designers, engineers, supervisors, and any professional offering specialized expertise. If your client suffers a financial loss due to your mistake, this cover helps protect your business and reputation.
What’s Covered:
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Allegations of professional negligence
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Errors in design or documentation
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Breach of duty or misstatements
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Legal defense and compensation costs
What’s Not Covered:
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Physical injury or property damage (covered under Public Liability)
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Known claims or circumstances before the policy started
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Intentional wrongdoing or fraud
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Contractual liabilities beyond normal professional duties
Get covered with PI insurance.
Call 1300 337 276
Frequently Asked Questions
Q: How much Professional Indemnity cover should I have?
A: The right limit depends on your industry, contract requirements, and the potential financial impact of a claim. We can guide you through what’s suitable for your business.
Q: Does cover apply to past work or after retirement?
A: Yes, retroactive and run-off cover can extend protection to past projects and after you stop trading.
Q: Can Professional Indemnity be packaged with my other business insurances?
A: Yes, PI can be arranged alongside other policies such as Public Liability or Cyber Protection, giving you broader protection in one tailored package.
Got more questions? Visit our FAQ page here.