Insurance for Professionals

Why do Professionals need Insurance?

While you’re in the business of providing expert advice to your clients, we’re in the business of providing insurance options to keep you protected. 

Whether you’re an expert at balancing the books or the creator of the next big marketing campaign, as a professional there are a variety of insurance policies you may want to consider for your business. 

We provide insurance for a broad range of professionals, including:

• Accountants 
• Architects 
• Bookkeepers & BAS Agents 
• Consultants 
• Engineers 
• Finance & Mortgage Brokers 
• IT Professionals 
• Marketing 
• Psychologist 
• Real Estate Agents 
• Recruitment Consultants 
• Registered Migration Agents 
• Tax Agents 
• Travel Agents 
• Multimedia Professionals 

Cover for Professional Service Providers

Professional Indemnity Insurance*

There are many different occupations under the ‘professionals’ umbrella, yet they all tend to share one mutual factor – all are held to high expectations to deliver a specialist service or advice. But what would you do if your advice contained an error or there was a miscalculation which caused financial loss?   

Luckily there is an insurance policy for that and it’s called Professional Indemnity insurance. Professional Indemnity insurance protects you against losses claimed by a third party due to alleged or actual negligence in your professional services or advice.  Your Professional Indemnity insurance will meet the associated compensation payable to a third party together with your defence costs (which can include legal costs, investigator costs and expert fees). 

Public Liability Insurance*

Public Liability insurance can be an important form of cover for all types of professionals. It is designed to provide protection for you and your business in the event a client, supplier or a member of the public is injured or sustains property damage as a result of your negligent business activities. 

When you meet with your clients, at your office, at your client’s home or at the coffee shop, there is always the potential for mishaps and accidents. 

Business Insurance*

Your clients are your bread and butter, but would you be able to go about your business without your assets? Without having any protection in place, you could be hit with a few unwelcome challenges that could leave your bank account a little worse for wear.  

Business Insurance is an insurance package designed to provide cover for your business contents, stock, tools and commercial premises when an insured event occurs (such as fire, storm, theft or even accidental damage). A Business Insurance package can also cover your portable equipment, glass and for loss of revenue due to business interruption in specified circumstances.  In addition, cover is available for public liability, tax audit, employment practices and statutory liability risks. 

Cyber Liability*

Cyber liability insurance is a type of business insurance product which protects your business against both the legal costs and expenses (including compensation payments) related to cybercrime incidents. Your coverage may generally include cover for expenses and legal costs relating to the following: 

• Data breaches 
• Theft or loss of client information  
• Business interruption costs 
• Forensic investigation  
• Data recovery 
• Extortion  
• Fines and penalties 
• Crisis management costs (to restore your businesses reputation after an attack or data breach) 
• Legal costs from any ensuing civil action taken against you or your company