       Google rating 
  5.0

Professional Indemnity Insurance

Professional indemnity insurance helps cover the cost of legal action due to your professional advice.

Call Us: 1300 900 207

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Cover Legal Expenses From Your Professional Advice

1300 900 207

What is professional indemnity insurance?

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

That’s why professional indemnity insurance matters– to help protect your assets and brand if your advice causes a client to take legal action against you.

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Who should consider it?

Professional indemnity insurance is mandatory in some industries (with the requirements differing from state to state), such as:

Medicine,
Accounting
Law & Financial Advisers

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. Regardless of your legal obligation, it’s often a customer requirement that you have this cover in place.

What Can Professional Indemnity Insurance Cover?

The primary purpose of professional indemnity insurance is to provide cover for liability arising from a breach of professional duty.

It’s important for certain businesses and industries to have professional indemnity insurance coverage. This includes, but is not limited to, the following industries. If you require assistance with obtaining professional indemnity coverage, our team of experts at Coverscope are available to help.

Civil Engineering
Construction Management
Electrical Engineering
HVAC Engineering
Acoustic Engineering
Lighting Design
Interior Design
Architecture
Landscape Design
Quantity Surveying
Agriculture Consulting
Drafting & Surveying

Did you know?

1,372,000

(in AUD) The total value of professional indemnity claims in the 2019 underwriting year in Australia.

(APRA, National Claims and Policies Database, December2020)

18,799

The number of professional indemnity claims paid in the 2019 underwriting year.

(APRA, National Claims and Policies Database, December2020)

768,000

The number of professional indemnity risks underwritten in Australia in 2021.

(KPMG General InsuranceInsights, December 2021)

Your Trusted Business Insurance Partners, Wherever You Are

For immediate response please give us a call.

1300 900 207

Our team continues to work remotely but you are welcome to arrange an appointment with one of our consultants.

Get a FREE QUOTE

Complete the form to request a FREE QUOTE. Call us at 1300 900 207 for immediate response.

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5 Star Google Reviews

We are proud to provide trusted business insurance solutions, backed by 5-star Google reviews. Experience peace of mind with coverage tailored to your needs and exceptional customer service you can rely on.

    
 
 
      Posted on Google  
   
   Noel Travers 
 
 
  I found the whole process of dealing with Coverscope very straightforward. Grant Derksen was very professional from the very first time we spoke. Very glad I chose Coverscope.
  
 
     Posted on Google  
   
   James Watson 
 
 
  Just know what they doing from start to finish
  
 
     Posted on Google  
   
   D Jackson 
 
 
  We just had Grant at Coverscope provide us with a quote for our Strata insurance. He did it all over the phone with speed and efficiency and then fallowed up his verbal quote in writing and few minutes later. His written quote included pricing from various insurers that made comparisons easier. He didn’t hassle us and waited for us to call him back a few days later. He then answered all our questions and concerns relating to the quote. It really couldn’t have been any easier. We can recommend Grant and Coverscope.
  
 
     Posted on Google  
   
   Matt Stollery 
 
 
  Grant from Coverscope was so helpful in attaining house insurance. Was all set up and paid for in less than a day. Super efficient and quick at replying and responding to his customers/clients. I would recommend to any family or friend, and would use again if required
  
 
     Posted on Google  
   
   Gina Ricardo 
 
 
  Thanks so much to Michael and Jesse for sorting out my business insurance. It was a bit complex and urgent and Michael managed to get us sorted within the business day!! So great to deal with real, genuine, helpful people. Would highly recommend.
  
 
     Posted on Google  
   
   Olivia Mackie 
 
 
  Excellent experience with Daniel from start to finish. Quick, efficient, and easy to work with. We received our quote the same day, with multiple options, and saved a substantial amount compared to a larger provider while maintaining the same cover. Extremely grateful for the help.
  
 
     Posted on Google  
   
   Melanie Casley 
 
 
  This might be the first review for Grant!  So great to have had Grant's insightful and effienent service.  He gave me a lot of confidence in Coverscope and at the end of the day... an excellent product for my OC's strata insurance needs.
  
 
     Posted on Google  
   
   M B 
 
 
  I've had a hassle free experience with Coverscope. Jasmin has been super helpful in understanding our business needs. She has been very informative and always quick to respond to all queries.
Really appreciate all her work!
  
 
     Posted on Google  
   
   Kerri Hansen 
 
 
  What a gem Jasmin was. Spoke with many companies with no glory. Jasmin had me covered no problem within minutes
Highly reccomend
Thank you so much Jasmin
  
 
     Posted on Google  
   
   Gordon Irons 
 
 
  Jasmin was responsive and her attention to detail and understanding our key business requirements was excellent. We were able to secure the right level of insurance cover for our environmental business at commercially competitive rates

Need a Professional Indemnity Insurance Quote?

Safeguard your business with tailored Professional Indemnity Insurance. Contact us today to explore your options and secure a policy designed to meet your specific needs. Professional Indemnity Insurance isn’t just a safety net; it’s a vital step in protecting your professional reputation and responsibilities.

Coverscope creates bespoke insurance solutions, allowing you to concentrate on what you do best—delivering expert advice and services—while we manage the risks. Have questions? Our experienced insurance brokers are here to assist.

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Depending on your policy, professional indemnity insurance can cover:

Civil Liability

Civil liability to a third party arising out of the conduct of their professional business.

Inquiry Costs

The cost of defending an inquiry by a regulatory body into the professional conduct of the insured.

Defence Costs

The costs involved in defending a claim triggered by the policy.

Fidelity Cover

Direct financial loss of the business caused by the dishonest or fraudulent conduct of an employee which is first discovered during the period of insurance.

Advancement of Costs & Expenses

Additional costs and expenses incurred during a claim.

Case Study

Michael is an engineer who designs the supporting foundations of a residential property. He makes an error with the site calculations – which leads to the slab cracking and damage to the property of the owner. His company is liable for this loss, which could be anywhere between $150,000 to the full value of the house.

But, because Michael has professional indemnity insurance, he’s covered for this amount –as well as any legal expenses if the matter goes to court.