Whether you’re an architect, an IT consultant or or a real estate agent, Professional Indemnity insurance* is something you may wish to consider to help safeguard your business.

Sydney, 24 June 2025 –

Navigating the world of business insurance can be confusing which is why we’ve made it our mission to make it a bit easier. We’ve created a guide to business insurance for the self-employed that profiles the main types of cover to consider and how it can protect you for the long run.

Commercial insurance helps protect your business from financial loss caused by events such as property damage, legal claims, or business interruption. It helps safeguard your assets, operations, and staff so your business can recover and keep running after a setback.

Running a small business means juggling a million things — clients, deadlines, invoices, staff. So it’s no surprise that insurance usually gets left on the “I’ll deal with it later” pile… until something goes wrong.

A common misconception is that the claims professional indemnity insurance covers are only the experiences of the business that does inadequate work for clients. This is not true, in this day and age anyone can sue anyone else over almost anything and sometimes they even win. Even when they do not win, a certain portion of the public usually believes the accusers claims. This can be detrimental for a business’s reputation.

Australian builders can get insurance to protect just about any part of their business—from tools and materials, tool and equipment cover, contract works, and protection against worksite hazards like property damage and workplace accidents. But there might be one part of your business that’s not yet covered—your professional services and advice.

There are many different types of industry experts that fall into the professional’s category from real estate agents to architects, education consultants and allied health specialists.

For busy professionals, providing expert advice and specialised services assisting your clients is all in a day’s work. But even though you take great care to deliver a high standard of expertise, the reality is claims can still occur, even when you least expect it.