Professional Indemnity
Insurance
Providing advice or specialised services may expose individuals to claims. Even when mistakes are unintentional, the financial impact can extend beyond legal fees. At Insuregroup, we help individuals and organisations across Australia review professional indemnity insurance options based on their industry, services and regulatory environment.
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What is Professional Indemnity Insurance?
Professional indemnity insurance is a type of liability cover that can help protect professionals against claims made by clients due to alleged negligence, errors or breaches in the delivery of advice or services.
This cover is often arranged by consultants, engineers, accountants, designers and other professionals whose work involves advisory responsibilities or specialised knowledge. At Insuregroup, we help you explore professional indemnity insurance Australia options based on your service type, industry requirements and level of risk exposure.
Do you need Professional Indemnity Insurance?
If your work involves providing advice or specialist services, this form of insurance may be relevant. Even a minor error in your work could lead to client loss and legal action. Professional indemnity insurance may also be suited to those offering consultancy, design or technical services, especially where contracts require insurance as part of compliance.
In some industries, such as legal or financial services, it may also be a regulatory or membership requirement, particularly in states like QLD. Professional indemnity insurance can help protect against the financial impact of defending a claim or paying compensation. Speaking with a broker can help you understand your obligations and compare policies that reflect your professional exposure, client base and risk profile.
Why Insuregroup?
Flexible payment options may be available to help manage budgeting while retaining active cover.
EXPERT ADVICE
Our experienced brokers can help you navigate professional indemnity insurance requirements based on your profession and legal obligations.
QUICK QUOTES
We offer professional indemnity insurance quotes online or over the phone, with no obligation to proceed.
RANGE OF OPTIONS
We work with a broad panel of Australian insurers to explore policies and features relevant to your needs.
Examples of Professional Risks That May Be Insurable
At Insuregroup, we support professionals and businesses across Australia review professional indemnity insurance policies that reflect their specific work and risk exposure.
Examples of insurable risks may include:
Errors in technical reports
Such as engineering miscalculations that result in construction delays or cost overruns.
Financial advice disputes
Often arising when clients experience losses after following investment or planning recommendations.
Intellectual property breaches
Including allegations of using copyrighted material in design, branding or advertising work.
Breach of confidentiality claims
Such as sharing sensitive information without authorisation during consulting engagements.
Design or drafting issues
Involving architectural plans that contain errors affecting safety, compliance or project delivery.
IT system failures
Including software or infrastructure advice that leads to data loss, downtime or operational disruption.
Whether you’re operating in QLD, VIC, NSW or anywhere across Australia, we assist with sourcing quotes from a broad range of professional indemnity insurance providers.
As members of the Steadfast Insurance Group, we have access to an extensive network of insurers and policy types that may suit sole traders, contractors, SMEs and corporate consultants.
What does Professional Indemnity Insurance cover?
Policy inclusions vary, but this insurance may help manage financial losses resulting from actual or alleged professional errors.
Depending on the insurer and selected policy, cover may include:
Legal defence costs and expenses
Compensation or damages awarded to a client
Claims arising from negligence, breaches of duty or misrepresentation
Unintentional defamation or intellectual property infringement
Lost or damaged documents
Cover for past work (known as retroactive cover), subject to disclosure
At Insuregroup, we help you understand which policy features may be relevant to your line of work, your client types and regulatory requirements.
What does Professional Indemnity Insurance not cover?
It’s important to review specific terms before taking out a policy. Each policy comes with specific exclusions and conditions.
Common exclusions include:
Known claims or circumstances not disclosed at the time of application
Fraudulent, dishonest or intentional acts
Contractual liabilities beyond common law
Insolvency or trading risk losses
Employee injury or workers compensation claims
Property damage or personal injury (unless bundled with additional cover)
Always refer to the Product Disclosure Statement (PDS) and policy schedule for full details. Our brokers can assist you in understanding the policy wording and how it applies to your professional circumstances.
Online Insurance Quote
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Our
Process
The Insuregroup insurance process – insurance solutions on demand.
01
Submit a Quote Request
Online or Call Us Directly
02
We Source
Competitive Quotes
03
Receive a Clear,
Detailed Quote Summary
04
Finalise
& Get Covered
Frequently Asked Questions
How much does professional indemnity insurance cost?
Costs vary depending on your role, turnover, claims history and required limits. Always consider the PDS and seek advice before deciding. Quotes can be requested online or with broker support.
Do I have to have professional indemnity insurance in Australia?
This can depend on your business and where you are in Australia. In Queensland and other states, some professions such as real estate agents, solicitors or financial advisers are required by law or licensing bodies to hold valid PI cover. Our team can help check your obligations in line with where you are located and how you operate.
How much cover do I need?
This depends on your client base, contract size and professional exposure. Some contracts or regulators specify minimum limits. We can help you compare policies that may suit your needs.
Can I get cover for previous work?
Some policies offer retroactive cover for past services, but this depends on insurer terms and your disclosure. Always disclose known risks when applying for insurance.
How can I get a quote for professional indemnity insurance?
You can request a no-obligation professional indemnity insurance quote online or by phone. We’ll gather details about your services, business structure and any existing cover to help compare options from a range of insurers that align with your profession and risk profile.
How long does the process take?
We believe in providing our customers with excellent customer service and to guarantee you the most targeted service we strive to respond to your needs with upmost urgency. Our team can generally turn around a quote and bind a policy within 24 hours.
Can you produce certificates of insurance immediately?
Yes, we can provide electronic certificates of insurance for you in a prompt and timely manner. We do require payment prior to issuing the certificates, however.
Does Insuregroup shop around extensively?
Insuregroup has access to over 100 insurance markets available to us both nationally and internationally. We regularly scour the markets on our system to ensure that we are quoting the most cost effective and cover competitive crane insurance that the market has to offer. We understand that your needs are unique and we will deliver an insurance product that is tailored to suit you.
What if I need to know more about insurance covers?
Choosing an insurance policy is a significant investment – it is important that we deal with customers in an open and transparent way. If you feel you would like to learn more, we welcome you to give us a call on 1300 760 552 so our friendly team can answer any queries you may have.