Professional Indemnity Insurance
Professional Indemnity Insurance provides protection for your business against a claim made by a client alleging they have suffered a financial loss as a result of your negligence or a breach of professional duty from services provided by your business.
We provide Professional Indemnity insurance to companies of all sizes from one person consultancies up to and including Australia’s largest companies. In terms of Professional Indemnity, we insure a range of professionals including management consultants, insurance brokers, engineers, accountants, architects, recruitment consultants, underwriting agencies, real estate agents, excess layer lawyers, and many more.
Capacity
$20m
Coverage
*We only provide coverage for unintentional misleading & deceptive conduct, breaches of intellectual property rights and defamation.
- Accountants
- Advertising Agents
- Agricultural Consultants
- Archaeologists
- Architects
- Associations (tailored Associations Liability wording)
- Cartographe
- Computer Consultants (IT Consultants) - (tailored IT policy wording)
- Consultant
- Consulting Engineers (excluding building inspectors/surveyors)
- Design and Construct (annual only)
- Draftsperson
- Economists (excluding FI associated risk)
- Education Consultant
- Energy Efficiency Consultants
- Environmental Consultants
- Finance/Mortgage Brokers
- Funeral Director
- Graphic Designers
- Human Resource Consultants
- Insurance Brokers (our wording RG126 complaint)
- Interior Designers
- Loss Adjusters/Assessors
- Lawyers (excess of loss only)
- Management Consultants
- Manufacturing Risks
- Medical Malpractice Risks (tailored Medical Malpractice wording)
- Miscellaneous
- OH&S Consultants
- Project/Construction Managers
- Quantity Surveyors
- Real Estate Agents (excluding Valuers)
- Tax Agent
- Town Planners
- Travel Agents
- Underwriting Agencies
- PLUS anything not on the decline list
- Property Valuers
- Geotechnical engineers
- Building certifiers, surveyors and inspectors (including pre purchase)
- Stockbrokers
- Investment managers
- Marine engineers or surveyors
- Financial Institutions
Product Information Sheets
Professional Indemnity Insurance Fact Sheet
Policy Wordings
Professional Indemnity Insurance Miscellaneous Professions - Policy Wording 2021
Combined - Professional Indemnity & Public & Products Liability - Policy Wording
Accountants Professional Indemnity Insurance - Policy Wording
Combined - Accountant Professional Indemnity & Public & Products Liability - Policy Wording
Insurance Brokers Professional Indemnity - Policy Wording
Mortgage & Finance Brokers Professional Indemnity - Policy Wording
Real Estate Professional Indemnity - Policy Wording
Combined - Real Estate Agent Professional Indemnity & Public & Products Liability - Policy Wording
Solicitor's Excess Lawyer Professional Indemnity-Policy Wording
Professional Indemnity Insurance for Construction Professionals - Policy Wording
Addendums
Accountants Professional Indemnity Insurance - Addendum
Architects Professional Indemnity Insurance - Addendum
Construction Professional Indemnity Insurance - Addendum
Insurance Intermediary Professional Indemnity Insurance - Addendum
Mortgage & Finance Brokers Professional Indemnity- Addendum
Real Estate Professional Indemnity Insurance - Addendum
Recruitment Professional Indemnity Insurance - Addendum
Proposal Forms
Accountants Professional Indemnity Insurance - Proposal Form
Architects Professional Indemnity Insurance - Proposal Form
Beauty Therapists Professional Indemnity Insurance - Proposal Form
Construction Professional Indemnity Insurance - Proposal Form
Professional Indemnity Insurance - Proposal Form
Mortgage & Finance Brokers Professional Indemnity Insurance - Proposal Form
Real Estate Agents & Business Brokers Professional Indemnity Insurance - Proposal Form
Recruitment Consultants Professional Indemnity Insurance - Proposal Form
Legal Practitioner and Solicitor Excess Professional Indemnity Insurance - Proposal Form
Renewal Declaration
Accountants PI Insurance - Renewal Declaration
Architects Professional Indemnity Insurance - Renewal Declaration
Construction Professional Indemnity Insurance - Renewal Declaration
Insurance Intermediary Professional Indemnity - Renewal Declaration
Professional Indemnity Insurance - Renewal Declaration
Mortgage & Finance Brokers Insurance - Renewal Declaration
Real Estate Agents & Business Brokers Insurance - Renewal Declaration
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Claims Examples
Important Notice
These are examples only. You should read them only as a guide. They do not form part of any policy. Every claim is different. We always determine indemnity decisions and claim payments on an individual basis, after we have assessed the claim. Information provided is general only and has been prepared without taking into account any person’s particular objectives, financial situation or needs. Insurance cover and whether a policy responds to a claim is subject to the terms, conditions, limits and exclusions of the policy. When making a decision to buy or continue to hold a financial product, you should review the relevant policy wording and any applicable endorsements.
Management Liability Insurance
Management Liability Insurance will protect Directors and Officers as well as the Company against a Wrongful Act committed in the management of the Company.
Association Liability Insurance is a combined policy for associations and non-profit organisations. The policy provides protection to the individual office bearers and the association against wrongful acts in the management of the association.
Public & Products Liability Insurance
Public and product liability insurance protects businesses from paying compensation to a third party in the event of personal accidents, injury or property damage resulting from any business activity and manufactured or supplied product.
Frequently Asked Questions about Professional Indemnity Insurance
No. You should ask for a write back to the exclusion that covers BI arising out of a breach of professional duty. Most PI policies issued by BIA do not contain an exclusion for claims arising from BI if that injury is a result of a breach of professional duty.
Related Articles
What is a Miscellaneous Professional Indemnity (PI) Risk?
Why Combining GL and PI Policies Makes Sense for Your Professional Clients
Selling a Business: Key Considerations for Professional Indemnity Insurance