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  • Home
  • About
  • Products & Services
    • Commercial Insurance
      • Aviation Insurance
      • Business Insurance
      • Business Interruption Insurance
      • Contract Works Insurance
      • Corporate Travel Insurance
      • Cyber Protection Insurance
      • Event Insurance
      • Farm Insurance
      • Marine Transit Insurance
      • Motor Insurance
      • Strata Insurance
      • Workers Compensation Insurance
    • Professional Risks
      • Management Liability Insurance
      • Professional Indemnity Insurance
      • Public and Product Liability Insurance
    • Personal and Domestic
      • Home and Contents Insurance
      • Landlord Insurance
      • Cyber Insurance for Families
  • Resources
    • Home and Contents Quote
    • Motor Quote Request
    • Landlord Insurance Quote Request
    • Notify a Claim
    • Residential Insurance Calculators
    • Financial Services Guide
    • Privacy Policy
    • Underinsurance
  • News
  • Contact

Professional Indemnity Insurance

What is Professional Indemnity Insurance?

Anyone can make a mistake - but if your business if found liable for negligence, the costs can be financially devastating. Not only can it lead to an expensive lawsuit, but your business' hard earned reputation may be damaged as a result.

That's why professional indemnity insurance matters - help protecting you assets and brand if your advice or insurance cause a client to take legal action against you.

Who should consider it?

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

But even in cases where it's not required by law, it's recommended for anyone who is providing professional services or advice in exchange for a fee - like, graphic designers, IT consultants and more. And regardless of your legal obligation, it's often a customer requirement that you have this cover in place.

Australian Government, Business.gov.au

If you own a business, you can be liable for damages or injuries to another person or property ... consider professional indemnity insurance for your business if the likelihood of legal action is high

Did you know?

27.7%

In 2014 alone, professional indemnity and public and product liability claims increased 27.7% (Insurancenews.com.au “Claims up, premium down for PI and PL”, 2015)

$1,362

$1362 million of gross premium during the 2016 underwriting year (APRA, National Claims Policy Database, 2017)

701,000

701,000 PI risks written in the 2016 underwriting year (APRA, National Claims Policy Database,2017)

Looking for Commercial & Domestic Insurance

Beyond Insurance can help you better identify the risks to your business and provide the most appropriate insurance cover.

Get in touch with us!

Contact us

info@beyondinsurance.com.au

03 9958 3870

Level 1, 683 Burke Road, Camberwell, VIC 3124

PO Box 310, Camberwell VIC 3124

Beyond Insurance Group

ABN 19 167 227 170

CAR No. 001279205

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Beyond Insurance Group Pty Ltd is a Corporate Authorised Representative (CAR No. 001247437) of McLardy McShane Partners Pty Ltd AFSL No. 232987, ABN 14 064 465 309.

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