Professional indemnity insurance is a good idea for any business that provides professional services or advice. Businesses such as accountants, financial planners, solicitors, consultants, and architects can all benefit from this type of insurance.

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For White Collar Jobs Professional Indemnity

If you are a Business Professional or Consultant that gives any reporting or advice, you need to protect against any professional errors, advice, errors or omissions.

Occupations such as;

  • Architects
  • Drafts people
  • Accountants
  • Bookkeepers
  • Financial advisors
  • Real Estate
  • Property Valuers
  • Business Brokers
  • Lawyers / Solicitors
  • Medical providers
  • Allied Health practitioners
  • Business Consultants

And many more

Professional indemnity insurance protects you in the event that somebody else claims your advice or service caused them to lose money.

For the occupations outlined here, this is mandatory for certain positions since they're occupations where it's necessary to maintain PI. For other occupations, it may not be as necessary, but precaution measures should still be taken anyways.

Aside from protecting you in the event of any third party claims, this insurance will cover the high legal costs that come as a result. The majority of legal claims will not win at trial, you need a lawyer to defend your interest. Without that, how will you handle the high costs of litigation?