Professional Indemnity Insurance
Protecting Your Business & Reputation
What is Professional Indemnity Insurance?
No one is perfect-mistakes happen. But if your business is found liable for negligence, errors, or omissions, the financial and reputational fallout can be devastating. A single lawsuit could mean costly legal battles, compensation payouts, and damage to the trust you’ve worked hard to build.
That’s where Professional Indemnity Insurance comes in. It helps safeguard your assets, brand, and financial future by covering legal costs and compensation claims if a client alleges that your advice or services caused them financial loss.
Who Needs Professional Indemnity Insurance?
- Mandatory for Some Professions - Industries such as medicine, law, accounting, and financial services require Professional Indemnity Insurance by law, with specific requirements varying by state.
- Highly Recommended for Service-Based Businesses - Even if it’s not legally required, it’s strongly advised for anyone providing professional advice or services for a fee-such as consultants, engineers, architects, IT specialists, marketing professionals, and designers.
- Often a Client Requirement - Many businesses and government contracts require proof of Professional Indemnity Insurance before engaging your services. Having the right coverage in place can give clients confidence in your professionalism and reliability.
What Does It Cover?
Legal Costs & Defence Fees
Covers the cost of defending yourself in court, whether you're at fault or not.
Compensation & Damages
Pays settlements or court-ordered payouts if you're found liable.
Claims for Errors & Omissions
Protects against mistakes, oversights, or unintentional breaches of duty.
Defamation & Intellectual Property Infringement
Covers claims related to libel, slander, or accidental copyright violations.
At QSelect we understand that every profession carries unique risks, which is why we help tailor your Professional Indemnity Insurance to suit your business needs. Whether you're a sole trader or running a large firm, we’ll find the right policy to keep you protected-so you can focus on doing what you do best, with confidence.