Professional Indemnity

Australia is now one of the most litigious countries in the world, with claims becoming more frequent against companies and individuals who have allegedly breached their professional duty, resulting in a financial loss.

Professional Indemnity Insurance

Professional Indemnity Insurance is designed to provide you and your company with financial protection when claims of this nature arise. Any company or individual providing professional advice or services may be held legally liable for the financial loss to their clients arising from errors or omissions committed by themselves or their employees. A Professional Indemnity policy will help insulate you against this risk.


Professional Indemnity insurance will also extend to cover the legal costs you incur in the defence of a claim & will empower you with greater control and security over the future of your business.

What’s covered?

Some coverage examples include the following:

  • Alleged Breach of Professional Duty
  • Alleged Breach of civil liabilites
  • Alleged Breach of Privacy or Confidentiality
  • Allegations of fraud & dishonesty
  • Defamation
  • Claims investigation costs
  • Lost or damaged documents

Do I need Professional Indemnity Insurance?

Professional Indemnity Insurance is generally compulsory for such businesses as medicine, real estate settlements, law and financial services. Across other consultant industries (such as accounting, engineering, etc.) the requirement are usually regulated by the relevant professional body or industry association.

In essence, if you charge a fee for providing professional advice without performing a service (e.g., repairing or maintaining a vehicle) or supplying a product, then you require Professional Indemnity insurance.

There are increasing client, community and regulator expectations of service and quality of advice which result in increased Professional Indemnity allegations and claims. Professional Indemnity insurance is, therefore, important for any firm or individual providing advice, consulting, design or analysis services.