Australia's Trusted Choice

Professional Indemnity Insurance for Australian Businesses

Professional indemnity insurance helps protect your business if a client alleges financial loss due to your advice, services, or professional negligence. It is essential for many professional service businesses and is often required by contracts or regulators.

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What is Professional Indemnity Insurance?

Professional indemnity insurance covers claims arising from errors, omissions, or negligence in the professional services you provide.

This may include allegations that your advice caused a client financial loss, even if the claim is unsubstantiated.

Without professional indemnity insurance, legal defence and compensation costs can be significant.

Why it matters

Protects your personal and business assets.

Often required by contracts or industry associations.

Covers legal defense costs which can escalate quickly.

What is typically covered?

Comprehensive protection for the most common risks professionals face in their daily operations.

Negligence

Claims arising from mistakes, errors, or omissions in your work or advice.

Legal Costs

Fees for lawyers and court costs incurred whilst defending a claim against you.

Defamation

Cover for libel or slander if you accidentally defame a client or competitor.

Loss of Documents

Costs to replace or restore important client documents that are lost or damaged.

IP Infringement

Unintentional breach of intellectual property rights, copyright, or trademarks.

Breach of Confidence

Sharing confidential or commercially sensitive information without permission.

What is generally not covered?

Like all insurance policies, Professional Indemnity has exclusions. It's important to understand what falls outside the policy.

Intentional Damage: Any deliberate act causing harm or damage.
Fraud & Dishonesty: Criminal acts or fraudulent behavior.
Known Circumstances: Issues you knew about before buying the policy.

Property Damage: Typically covered under Public Liability.
Personal Injury: Bodily injury to others (usually Public Liability).
Contractual Liability: Liabilities assumed under specific contracts beyond common law.

Who Needs Professional Indemnity?

If you provide advice or a professional service for a fee, you likely need cover.

Consultants and Advisors

IT and Technology Professionals

Engineers & Architects

Accountants and Bookkeepers

Real Estate Agents

Allied Health

How Much Cover Do You Need?

Choose a limit of indemnity that matches your risk exposure and contract requirements.

$1 Million

Standard Entry Level

Ideal for freelancers and small businesses with lower risk profiles or smaller contracts.

Insurance Solutions You Can trust

We bridge the gap between complex risk and simple protection. Your business deserves an advocate, not just a policy.

We Work for You

We act solely in your best interest, providing independent advice and advocating for fair outcomes when it matters most.

SME Specialists

Small businesses are our focus. We understand your growth stages and tailor insurance solutions that truly fit.

Expert Claims Support

You’re not alone. Our team provides hands-on guidance to navigate the process and achieve the best possible outcome.

Simple & Efficient

No jargon, no hidden surprises. We make insurance easy to understand and efficient, saving you time.

10K+

People Insured

12+

Years Experience

Trusted Partners

98%

Satisfaction Rating

Frequently Asked Questions

It is mandatory for some professions and often required by contracts.

Some policies provide limited cover, depending on the circumstances.

Yes, freelancers and sole traders can face professional liability claims.

Important Information GS Insurance Service Pty Ltd ABN 48689471663 | ASIC Authorised Representative No: 1316709 is a Corporate Authorised Representative of Resilium Insurance Broking Pty Ltd ABN 92 169 975 973 | AFSL 460382.  

The information on this website does not take into account the objectives, financial situation or needs of any person. Before making a decision, you should consider whether it is appropriate in light of your particular objectives, financial situation or needs. ‍ 

We subscribe to and are bound by the Insurance Brokers Code of Practice, a full copy of which is available from the National Insurance Brokers Association (NIBA) website, https://www.niba.com.au

Insurance Solutions You Can trust

Is professional indemnity insurance mandatory?

Does it cover breach of contract?

Do freelancers need professional indemnity insurance?