Professional Indemnity Insurance: Compare Rates & Options
If you want competitive, value-for-money Professional Indemnity Insurance rates and options, you are in the right place. At Professional Indemnity Insurance Online, we help you compare Professional Indemnity Insurance policy offers and quotes from a wide panel of leading Australian Professional Indemnity Insurance companies and specialist brokers in our referral network.
We help you explore cover options and competitive rates
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.
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.
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.
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 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.
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.
As a consultant, safeguarding your professional reputation is crucial. One effective way to do this is through Professional Indemnity Insurance. But what exactly is it? In simple terms, professional indemnity insurance is designed to protect professionals against claims made by clients for professional negligence or breach of duty. It acts as a safety net, covering legal costs and any damages awarded, if a client alleges that you've made a mistake or left them shortchanged by your services. - read more
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The Australian Prudential Regulation Authority (APRA) has released its latest National Claims and Policies Database (NCPD) statistics, revealing a substantial increase in public liability insurance premiums over recent years. According to the data, premiums have risen by 40% since 2015, a rate that surpasses general inflation and places additional financial strain on businesses across the country. - read more
