Professional Indemnity Insurance

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 give advice or provide a professional service. If it’s alleged you have made a mistake, provided inadequate or inaccurate advice, misstated a fact, or have been just plain misinterpreted, PI will protect you financially and help save your reputation too. Professional Indemnity is undoubtedly one of the most complex areas of insurance which is why we have a group of highly trained professionals ready to dissect your needs and make sure you're covered from every angle.

To give you some insight into some of the professions we work with, a list is below. However, the definition of what constitutes "professional services" is always expanding so if you're unsure, be sure to chat to us about your needs:

  • Accountants 

  • Excess Layers (top-up cover), particularly for Lawyers 

  • Engineers 

  • Architects 

  • Registered Training Organisations (RTO)

  • Corporate Advisory Practices 

  • Recruitment Agents 

  • Energy Efficiency Consultants 

  • SCADA/PLC Programmers 

  • Design and Construct Professionals 

  • Management Consultants 

  • Food Industry Consultants 

  • Real Estate Agents 

  • Property Developers 

  • Surveyors 

  • Project Managers 

  • Facilities Management (including mining) 

  • Mining consultants 

If you would like us to provide an obligation free appraisal of your needs, please Contact us.

Professional Indemnity
Business Insurance Group | Queensland | Insurance specialist

Professional Indemnity insurance protects businesses that provide advice or tender professional services of any kind from financial loss, injury or damage arising from a mistake or failure by the professional to exercise the required level of skill.

 

This may mean that an award is made in favour of a person who suffers a loss, damage or injury. 

 

If a professional holds themselves out as having a special skill, which can be relied upon by another, they should consider Professional Indemnity Insurance as crucial.

 

For full details of the Product Disclosure Statements please Contact us.