Comparison results are from participating brokers linked to our referral service. We may receive a referral fee from the parties we refer you to. We do not provide financial advice or credit assistance directly.
What Does Professional Indemnity Insurance Cover?
Professional indemnity insurance is designed to protect professionals and businesses from financial losses if a
client claims they suffered damage due to negligent advice, mistakes, or breaches of duty. Whether you're an
accountant, consultant, engineer, or IT professional, this coverage safeguards you against legal fees,
compensation claims, and reputational damage.
We connect you with specialist brokers who can assess your industry-specific risks and help tailor a policy to provide appropriate cover for your professional activities. The suitability of any cover will depend on your individual circumstances and the products the broker can access. Once you submit an enquiry, we act as an introducer and a licensed broker from our referral network will contact you directly to discuss your needs and provide quotes.
Key Coverage Areas:
- Legal costs and defense fees
- Professional negligence claims
- Breach of confidentiality and data protection issues
- Defamation, libel, or slander claims
- Lost or damaged client documents
Do you need professional indemnity insurance? Find out by speaking with a specialist broker today.
How Much Does Professional Indemnity Insurance Cost?
The cost of professional indemnity insurance depends on several factors, including your industry, level of risk,
annual revenue, and the amount of coverage you need. Premiums can range from a few hundred dollars per year for
freelancers to thousands for high-risk professions like financial advisors or medical consultants.
We work with specialist brokers who provide tailored quotes based on your specific business needs and can help you
avoid paying for cover that may not be suitable or necessary, based on the products they can access.
Factors That Affect Your Premiums:
- Industry and risk level (e.g., medical professionals vs. graphic designers)
- Claim history and prior insurance coverage
- Coverage limits ($500,000 to $10 million+)
- Business size and revenue
- Regulatory requirements for your profession
Want a competitive quote? Speak to an expert broker today to discuss professional indemnity cover options and pricing that may suit your needs.
Is Professional Indemnity Insurance Mandatory for My Profession?
For many professions in Australia, professional indemnity insurance is either legally required or strongly
recommended. Industries such as law, accounting, financial advice, real estate, and healthcare often have
mandatory PI insurance requirements set by governing bodies.
If you’re unsure whether you need PI insurance, our specialist brokers can help you navigate the regulations and
ensure you meet industry standards.
Common Professions That Require PI Insurance:
- Accountants and financial advisors
- Lawyers and legal consultants
- Engineers, architects, and construction professionals
- IT consultants and cybersecurity specialists
- Medical practitioners, therapists, and allied health professionals
Not sure if it applies to you? Speak to a licensed broker who understands your industry and can guide you to the
right level of coverage.
Why Choose Us?
- Access to Specialist Brokers – Get tailored advice from experts who specialize in your
profession.
- Compare Competitive Quotes – Compare competitive quotes from our broker referral partners to help you find coverage that meets your needs.
- Quick and Easy Process – Answer a few questions, and we’ll connect you with a broker who
understands your industry.
Get a Quote Today – Help protect your business with professional indemnity insurance arranged through a specialist broker.
Professional Indemnity Insurance
Professional Indemnity Insurance (also known in Australia as PI insurance) is an
insurance cover for professionals to indemnify against the financial implications of providing advice to
others. Professional Indemnity Insurance also includes cover for associated legal and professional costs
in defending a claim.
Competitive rates
Simply complete our short online loan quote form for access
to the best Professional Indemnity Insurance rates in the country, including (but not limited to) I.T.
Professionals, Real Estate Agents, Doctors, Dentists and other Medical Professionals, Lawyers,
Accountants, Architects, Surveyors, Insurance and Finance Brokers, Financial Planners, Engineers,
etc.
Compare Options
Because all Professional Indemnity Insurance policies are different, our broker-matching service connects you with a specialist broker who can help you compare features and benefits – not just price – so you can assess which Professional Indemnity cover represents good value for your situation.
Multiple Insurers
When you submit an online quote request with us, we use your details to match your enquiry with a single appropriately licensed specialist broker from our national referral panel. That broker may access policies from multiple insurers, but not all insurers or products available in the market are compared.
Insurance Calculators
Results from the calculator are a general guide only and do not constitute personal advice or a recommendation.
Personal Advice
Insurance Online does not provide personal financial advice or claims assistance directly. All enquiries, including quote comparisons, claims assistance and any form of personal
advice, are provided by a licensed specialist broker, selected from our Australia-wide referral partner network, who will communicate with you directly after you submit a
quote request. We may receive a referral fee if you proceed with a referred broker, but there is no additional cost to you for using our service.
Broker Matching
A specialist Commercial Insurance Broker will be assigned to your enquiry based on your location, specific requirements and your personal circumstances, as identified from the answers
you provide in your professional indemnity insurance quote request.
For this reason, it is important that you provide complete and accurate answers when you submit your enquiry.
