PROFESSIONAL & MANAGEMENT
Professional Indemnity Insurance
For businesses whose advice, design, consultancy, certification or professional services could create financial loss for a client.
OVERVIEW
Professional risk starts with the service you actually provide
Professional Indemnity Insurance is relevant where a business provides professional advice, design, consultancy, certification, specifications, technical services or other intellectual work. A client may allege that an error, omission or professional failure caused them financial loss.
Australian requirements can differ by profession, licence and jurisdiction. DIBNI therefore treats PI as occupation-specific rather than relying on a generic professional-services description.
WHAT INSURERS LOOK AT
Services, contracts, qualifications and previous work
Typical underwriting information includes the exact professional services provided, qualifications and licences, turnover by activity, client profile, contract values, overseas work, subcontracting, retroactive exposure, previous claims and circumstances that may give rise to a claim.
Engineers, architects, accountants, consultants, technology professionals, healthcare businesses and other professions can require very different questions even though each may purchase Professional Indemnity cover.
Understand more. Or begin.
Read the Australian PI guide, or begin your proposal and tell us exactly what professional work you undertake.
Australian insurance context
For Australian organisations, Professional Indemnity Insurance should be considered against the actual activities, location, scale, contracts, assets and risk controls of the business. Insurance requirements and insurer appetite can vary by state or territory and by the way the risk is presented.
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