Professional indemnity insurance provides protection to your business where a piece of advice you have given causes financial or other losses to clients.
Professional indemnity insurance provides protection to business owners that charge a fee for their service such as accountants, lawyers, engineers, financial planners and private bankers. Specialist advisers are legally required to have professional indemnity insurance.
Professional indemnity insurance should be considered by all businesses that accept a fee for providing advice.
Consider getting professional advice on professional indemnity insurance.
Try these sources for assistance:
- your local (Link to Start/Early Stages - NSW Business Advisory Services (BAS) Providers)
- a solicitor
- an accountant
- insurance broker
- insurance company websites.
- the Insurance Brokers Network of Australia.
Find an insurance broker according to expertise and location.