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What is Professional Indemnity Insurance?

Apr 7, 2017

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


  • Architect sued by his client for the costs of rectifying an extension built from a flawed design.
  • Logistics company sued by a competitor for copyright infringement and intellectual property theft relating to their business model and their website.
  • Web designer’s client sued by image owners for using unlicensed pictures on his website. Client sued the web designer.
  • IT consultancy’s web hosting partner company hacked – consultancy’s clients’ websites offline for a day. Consultancy sued for loss of business by a client.
  • Marketing agency omitted a digit from a client’s phone number and left out their web address in a printed advert. Commercial decision made to reprint advert at agency’s cost.

Who Needs Professional Indemnity Insurance?

***Just to list a few***

  • Business and Management Consultants
  • Marketing Consultants
  • Lawyers
  • Medical Professionals
  • Real Estate Agent
  • Accountants
  • Bookkeepers
  • IT professionals
  • Architects
  • Engineers
  • Designers
  • Fitness Professionals

Some of the things you are covered for:

  • Cover for civil liabilities including (but not limited to) breach of duty, defamation, loss of or damage to documents, infringement of intellectual property and more
  • Automatic reinstatement of the Policy Limit
  • Claims investigation costs (i.e. costs of investigating, defending and settling claims)
  • Automatic reinstatement of the Policy Limit
  • Continuous cover extension

What isn’t covered?

  • Insolvency of the insured
  • Claims and circumstances known before the period of insurance
  • Intentional damage
  • Contractual liability
  • Terrorism

How to get cover?

There are a range of PI products on the market and not all PI policies are the same. To ensure you are covered correctly or to see if you require Professional Indemnity insurance, contact AustBrokers Comsure at 1800 122 194 to speak with one of our experienced Insurance Advisers today.

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