PROFESSIONAL INDEMNITY INSURANCE AUSTRALIA
Professional Indemnity
Insurance Australia.
Professional indemnity insurance helps protect Australian businesses and professionals when a client alleges that an error, omission, negligent act or breach of professional duty caused financial loss.
- Cover for professional advice, designs and services
- Legal defence costs, settlements and compensation
- Tailored options for consultants, builders and businesses
Get Your Professional Indemnity Quote
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ABOUT PROFESSIONAL INDEMNITY INSURANCE
Protect Your Advice.
Defend Your Reputation.
Professional indemnity insurance, also known as PI or errors and omissions insurance, is designed for businesses that provide advice, designs, reports, recommendations or specialist professional services. It can help respond to claims alleging financial loss, even where the allegation is ultimately unproven.
- Protection for negligent acts, errors and omissions
- Defence for alleged breaches of professional duty or confidentiality
- Options for design, consulting, documentation and project advice risks
- Advice on limits, excesses, retroactive dates and policy exclusions
WHAT'S COVERED
Professional Indemnity Cover for Advice-Based Businesses
Errors & Omissions
Cover may respond when a client alleges that an error, omission or negligent act in your professional service caused financial loss.
Legal Defence Costs
Professional indemnity policies can assist with reasonable legal and investigation costs in defending covered claims, subject to the wording.
Professional Negligence
Protection may be available for allegations that advice, designs, calculations, reports or recommendations failed to meet the expected professional standard.
Breach of Duty & Confidentiality
Depending on the policy, cover may include certain allegations involving breach of professional duty, confidentiality or privacy.
Design & Project Advice
Relevant for eligible builders, consultants, engineers, designers and contractors with professional or design responsibilities.
Retroactive & Run-Off Options
Some policies can address eligible past work through retroactive dates or provide run-off protection after a business ceases trading.
WHY CHOOSE ABS
Professional Indemnity Advice from ABS Insurance Brokers
Industry-Aware Advice
We understand the professional risks faced by builders, consultants, contractors and service businesses.
Tailored Policy Structure
We help align the policy with your actual services, contracts, clients and project responsibilities.
Market Access
We approach suitable commercial insurers and compare limits, excesses, conditions and exclusions.
Claims-Focused Support
We help you understand notification requirements and the policy response when a claim or allegation arises.
Australian Support
ABS provides practical insurance advice for businesses and professionals across Australia.
Protect Your Professional Reputation
Speak with ABS Insurance Brokers about professional indemnity insurance tailored to your services, contracts and professional responsibilities.
PROFESSIONAL INDEMNITY INSURANCE FAQs
What is professional indemnity insurance?
Professional indemnity insurance is designed to help protect businesses and professionals against claims alleging that their advice, design, report, recommendation, service or professional work caused a client financial loss. It may cover defence costs, settlements or compensation where the policy responds.
Who needs professional indemnity insurance?
It is relevant to businesses and individuals providing professional advice or services, including consultants, engineers, architects, designers, accountants, lawyers, IT professionals, project managers, surveyors, brokers, builders with design responsibility and specialist contractors.
What does professional indemnity insurance cover?
Depending on the policy, cover may include negligent acts, errors and omissions, breach of professional duty, confidentiality issues, defamation, intellectual property allegations, legal defence costs, investigation expenses and compensation for covered claims.
What is usually excluded from professional indemnity insurance?
Common exclusions can include intentional wrongdoing, fraud, known circumstances, criminal acts, fines and penalties, contractual liabilities beyond the professional duty that would otherwise exist, bodily injury and physical property damage. Exact exclusions vary by insurer and policy.
What information is needed for a PI insurance quote?
We generally need details of your profession, services, turnover, clients, contracts, qualifications, project activities, prior claims or circumstances, desired limit and any contractual insurance requirements. Accurate disclosure is essential.