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Professional Indemnity Insurance for Businesses

When your business provides advice or services, it's important to protect against claims of malpractice or professional misconduct.

What is Professional Indemnity Insurance?

Professional indemnity insurance is designed for professionals who provide advice or services to their customers. It helps protect your business against legal costs and claims by third parties for damages arising from acts, omissions or breaches of professional duty in the course of your business.

This means that if you do something (or neglect to do something) in the course of your work, and a customer suffers injury or financial loss as a result, they may take legal action against you. With the right policy, you can defend your business against the claim and prevent financial loss.

Do I need Professional Indemnity insurance?

It can cost you and your business significant time and money to defend against a claim of malpractice, professional misconduct, or breach of duty. You could be held responsible not only for your own actions, but also for those of your partners, employees or volunteers.
A professional indemnity insurance policy helps safeguard your business by providing cover against claims, including legal defence costs so you can confidently go about your work, knowing that if the worst happens, we’ll be in your corner.
It is recommended that all professionals within the building industry including, builders, building surveyors, subcontractors, building inspectors / certifiers, draftspersons, architects, engineers, project managers should carry this cover to help protect you and your business.

Contact HIA Insurance services to learn more about Professional Indemnity insurance for your business.

1800 762 872