Professional indemnity insurance is for professionals who provide advice or a service to customers during the course of their work. If you’re a builder or tradesperson, Professional Indemnity Insurance can help protect you and your business against claims of negligence or breach of duty arising from an act, error or omission in the delivery of your professional services.
If a customer claims that your business made a mistake that caused them injury or financial loss, they can take legal action against you. With Professional Indemnity Insurance cover, you can defend your business against the claim and prevent financial loss.
Having to defend a claim of malpractice, professional misconduct or breach of duty can cost you and your business significant time and money. You could be held responsible not just for your own actions, but also those of your partners, employees or volunteers.
If you’re a builder or a tradie and you have dealings with customers, Professional Indemnity Insurance can protect you against claims brought against you. Not only can Professional Indemnity Insurance cover legal defence costs and expenses accrued while defending a claim, the policy may cover compensation amounts payable to your customer if rectification works are required.
Cover available from $1m to $10m to help protect against legal costs and claims for damages to third parties arising from an act, omission or breach of professional duty in the course of your business
If you engage consultants, contractors, subcontractors or agents, we can ensure you're covered if they make any errors or omissions.
Includes cover for the costs of investigating, defending and settling of claims made against your business
The Professional Indemnity HIA Insurance Services can arrange for you can cover claims that are alleged to have occur before you held your insurance policy. It can also extend to provide cover after you have retired or switched professions, in which case the policy has lapsed.
Professional Indemnity Insurance for the Building and Construction Industry is arranged by HIAIS and underwritten by QBE Insurance (ABN 78 003 191 035, AFSL 239545). If you purchase this insurance, HIAIS will receive a commission that is a percentage of the premium. Further information can be found in HIAIS’ FSG or provided upon request. The information contained on this webpage is general in nature and should not be relied on as advice (personal or otherwise) because your personal needs, objectives and financial situation have not been considered. Before deciding whether a product is right for you, please consider the relevant Product Disclosure Statement (if applicable) and full policy terms and conditions available from HIAIS on request. All representations on this webpage in relation to the insurance products HIAIS arrange are subject to the full terms and conditions of the relevant policy. Please contact HIAIS if you have any queries.