Professional Indemnity Insurance

Protecting your business against claims of professional misconduct

Australia has one of the most complicated professional indemnity insurance markets, driven by numerous legislative reforms and consumer legislations. As one of the leading insurance broking teams in Sydney, we’ve acquired an in-depth understanding and knowledge of professional indemnity insurance in Australia.

Does my business need professional indemnity insurance?

The short answer is – yes. It provides protection for you and your employees in the event of claims against them for errors, omissions, inappropriate skill level or advice given during the provision of their professional services. Some policies cover a mistake even though there has been no negligence. Defence costs are also covered when the Underwriter agrees to indemnify the insured for any action taken by a third party. Professional indemnity insurance can protect both your assets and reputation if legal action is taken against you.

Many professional and industry associations require their members to secure a level of professional indemnity insurance before they can do business. We understand these requirements and can work with you to ensure you remain compliant.

Professional Indemnity Insurance is appropriate for all business types. Our insurance brokers have experience in advising a range of professions on appropriate policies, such as:

• Advertising and marketing professionals
• Accountants, Bookkeepers and BAS Agents
• Dental clinics
• Designers
• Engineers and Engineering consultants
• IT professionals
• Business and Management Consultants
• Finance and Mortgage Brokers
• Nurses
• Physiotherapists
• Psychologists
• Psychiatrists
• Veterinary surgeons
• Real estate agents
• Recruitment consultants
• Travel agents and tour operators

We can help you understand the true cost of settling a claim out-of-court, and also what’s involved in going to court. We negotiate with the insurance companies in order to reach a settlement that’s in everyone’s best interest.

Our performance is defined by our exceptional track record, and our extensive list of clients who choose Peter Vickers Insurance Brokers as their number one resource for professional indemnity insurance.