Professional Indemnity insurance is meant to cover
Professional indemnity insurance covers the advice (actual, perceived or omitted) that a business provides.
 

Professional indemnity insurance typically covers
Professional indemnity insurance essentially covers claims that occur as a result of the advice or lack of advice a business provides.

Professional Indemnity insurance traditionally was only required by those businesses that charge a fee for their advice such as accountants, engineers and consultants. As our society has become more litigious we have seen an increase in the need for professional indemnity insurance in occupations that previously were not thought of as having a need such as hair dressers, sports and fitness trainers etc.

Considerations/Limitations to be aware of for Professional Indemnity 
Insurance Professional Indemnity insurance is one of the remaining insurance classes where each individual application is individually rated based on the business’ activities, turnover and experience and training of its staff. 

In order to assist insurers to provide the most comprehensive and competitive terms available you should ensure your application includes the following:

• Clearly outline the activities the business undertakes.
• Provide supporting information in regards to the skills and abilities of the principals and key staff.
• Provide copies of work you have previously performed so the insurers get a clearer understanding.

Should you wish to discuss your individual insurance needs with a qualified risk adviser, please contact our office on 1300 815 344 or complete the attached Request a Quote form and we will respond within 24 hours.

View the most Frequently Asked Questions to learn more about the above class of insurance, or Ask a Question to our qualified risk advisers.

Those interested in the above class of insurance have also found the following of interest:

•  Business Insurance
• Professionl Indemnity Insurance
• Income Protection
• Partnership Insurance
• Key Person Insurance

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