Professional Indemnity Insurance
Cover for negligence, errors, omissions, and professional liability claims.
In short
Professional Indemnity Insurance protects professionals against claims that their advice, design or service caused a client financial loss through negligence, errors or omissions. It covers legal defence, investigation costs and compensation. Many industry bodies and contracts require it. Kasana Insurance Brokers helps you set the right limit for your profession.
Professional Indemnity Insurance
Professional Indemnity Insurance protects you and your business against claims arising from errors, omissions, negligence, or breaches of professional duty while providing professional services to clients.
If a client alleges that your advice or service caused them financial loss, this insurance helps cover legal defence costs, compensation payments, and investigation expenses, allowing you to protect both your reputation and finances.
Many professional bodies and contracts require Professional Indemnity Insurance as part of their compliance standards. Even when not legally mandatory, lacking adequate cover can expose your business to significant financial and legal risk.
01Advice & Service Claims
Claims for negligent or misleading advice, errors, and breaches of professional duty.
02Defence & Compensation
Court-awarded damages plus legal defence and investigation costs.
03Regulatory Proceedings
Disciplinary and regulatory proceedings, with public relations costs where applicable.
When Can Professional Indemnity Claims Arise?
Claims can arise from everyday situations such as:
- Incorrect or misleading advice
- Errors in calculations or documentation
- Failure to meet deadlines
- Breach of professional duty
- Loss of important documents or data
- Unintentional defamation
- Misrepresentation or deceptive conduct
- Not meeting client expectations
Even small mistakes can result in costly claims.
What Is Typically Covered?
Depending on the policy selected, Professional Indemnity Insurance may cover:
- Claims for negligent or misleading advice
- Confidentiality and privacy breaches
- Defamation, libel, or slander
- Loss or damage to documents
- Intellectual property infringement
- Court-awarded compensation and damages
- Legal defence and investigation costs
- Disciplinary and regulatory proceedings
- Public relations costs (where applicable)
Certain policies may also extend to cover allied health professionals for claims involving bodily injury resulting from professional services.
What Is Typically Not Covered?
Professional Indemnity Insurance usually does not cover:
- Intentional wrongdoing or misconduct
- Fraud or dishonest acts
- Contractual liabilities
- Refund of professional fees
- Known claims or circumstances before policy commencement
- Property damage or bodily injury (covered under Public Liability Insurance)
How Much Cover Do You Need?
The right level of cover depends on your profession, risk exposure, and contractual obligations. When choosing cover, consider:
- 01The nature of your professional services
- 02The potential financial impact of a claim
- 03Legal or regulatory requirements in your industry
- 04Contractual obligations with clients
- 05The value and complexity of your work
As your business grows, it is important to review and increase your cover regularly.
Why Choose Kasana Insurance Brokers?
At Kasana Insurance Brokers, we help professionals choose the right level of protection, ensuring your policy aligns with your business risks and industry requirements.
We work with leading insurers to provide tailored, competitive, and reliable Professional Indemnity solutions, backed by expert advice and claims support.
Professional Indemnity Insurance questions.
Who needs Professional Indemnity Insurance?
Anyone who provides advice, design or professional services for a fee, including accountants, consultants, engineers, architects, IT professionals, allied health practitioners, real estate agents and mortgage brokers.
How much Professional Indemnity cover do I need?
Consider the nature of your services, the potential financial impact of a claim, industry regulations and your contractual obligations. Review the limit as your business grows and your contracts change.
Does Professional Indemnity cover property damage or injury?
No. Property damage and bodily injury are covered under Public Liability Insurance. Professional Indemnity responds to financial loss arising from your professional services.
From the journal
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Get a quick professional indemnity quote with Kasana Insurance Brokers. We help you find the right cover so you never pay for anything unnecessary.