Why you need Professional Indemnity Insurance

If your business is providing professional services, you need Professional Indemnity insurance. It’s that simple.

Businesses have a responsibility to ensure their professional services can be relied upon. If an act, error, omission or breach of duty occurs your clients are entitled to claim compensation.

Professional Indemnity insurance it not just for Solicitors, Accountants or Medical Professionals. In businesses today we rely upon the professional services of marketing consultants, advertising consultants, IT gurus, interior designers, graphic designers, architects, real estate professionals, HR consultants – and the list goes on.

Professional Indemnity Insurance provides covers for financial loss, personal injury or property damage arising from an error in advice or services provided by the business.

Incorrect advice given by a Career Advisory Service, incorrect plans drawn up by a Draftsman or failure to detect unsafe work conditions by a Health & Safety Consultant can result in financial loss or bodily injury.

If your business receives incorrect advice from a contractor, your business will be responsible for the consequences unless the contractor has Professional Indemnity Insurance.

Professional Indemnity
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P: 02 9979 3033             E: support@bifw.com.au
This communication contains general information only and is not a financial product or service specific to yourself.