What is Professional Indemnity Insurance, and Why Should Builders Care?

Australian builders can get insurance to protect just about most parts of their business. This includes tools and materials, tool and equipment cover, contract works, and protection against worksite hazards. But there might be one part of their business that’s not yet covered—their professional services and advice.
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8 Facts About Professional Indemnity Insurance

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.
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Who needs Professional Indemnity insurance?

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.
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Insurance for architects – the blueprint to success

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Why some tradies should consider Professional Indemnity insurance

Getting your business insurance sorted as a tradie is all about protecting yourself from risk.
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How Does Professional Indemnity Insurance Benefit You?

If you are a professional and have your own company, then it is advisable that you have professional insurance, which can also be referred to as professional indemnity insurance. Professionals are expected to possess extensive technical knowledge in their specific area of expertise. They are also required to perform their services as per standards of conduct. Therefore, the professionals can be held legally responsible if they fail to use the degree of skill, which is expected from them.
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What are the potential risks if I cancel my Professional Indemnity cover?

Professional Indemnity insurance* is designed for professionals who provide a specialist service or advice.
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[Press Release] Mandatory Professional Indemnity for NSW Builders Effective 1 July 2026

Sydney, 24 June 2025 –
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Business Insurance Guide for the Self-Employed – Part 2

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.
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How to assess your professional indemnity exposure and risks

Professional service providers face unique on-the-job risks. Providing expert advice, designing custom solutions, and representing a client’s interests on their behalf create professional indemnity exposures that could have a huge impact on your small business.
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