Professional Indemnity Insurance

Perfect for business owners or independent contractors, this professional indemnity insurance covers management consultants, real estate agents, accountants, bookkeepers, engineers, recruiters and more

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What it covers

What is covered under professional indemnity insurance?

Civil Liability

Covers financial losses stemming from civil liability claims associated with the provision of your professional services.

Employee Fidelity

Covers direct financial loss your business incurs due to dishonest actions undertaken by an employee.

Defamation

Cover extends to include  losses you may experience as a result of an investigation launched in response to accusations of defamation.

Statutory Liability

Protects you and your business from financial loss arising from claims by official bodies for statutory liability wrongful acts committed during the policy period.

Investigation Costs

Covers  you and your business from responding to an investigation by an official body.

upcover offers

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what it means

Protecting contractors, sole traders and small businesses across Australia with Professional Indemnity Insurance

Specifically designed to meet the needs of a broad range of professionals, upcover offers market-leading and tailored professional indemnity cover. We understand that many professionals, as part of their contractual agreements with clients, may be required to have professional indemnity insurance in place.

That's why this insurance policy is specifically crafted to fulfil these requirements and provide comprehensive coverage.

With limits of up to $5 million and available up to $10 million in Professional Indemnity insurance, professional indemnity insurance cover is perfect for all types of contractors across the services space. Whether you're a consultant, advisor, designer, or any other professional offering specialized services, professional indemnity insurance offers robust protection for potential risks and liabilities.

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Why upcover

Why choose upcover for professional indemnity insurance?

Get market leading professional indemnity insurance in minutes online

At upcover, you can get access to market leading Professional Indemnity insurance that can help safeguard your business - with seconds to an instant quote it's never been easier. We work with market leading insurance partners to help your profession get access to comprehensive professional indemnity insurance for professionals across various industries.

who we cover

Professional indemnity insurance cover
for 400+ types of businesses and professionals

Examples of available professions
Consultants
Management Consultants
Real estate agents
Real estate brokers
Business coaches
Architects
Engineers
Accountants
Bookkeepers
Recruiters
Researchers
Marketing professionals
and more
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WHY its important

Why is professional indemnity insurance important for professionals?

Professional Indemnity insurance may be required for you to continue to provide services in your business in your profession, or be required as part of a client's request. For those professions that provide advice and services, it acts as a safety net, protecting businesses from potential financial liabilities that may arise due to civil liability claims or complaints.

This includes cover for allegations of failure to provide services, or errors, omissions, or negligence in their services. In today's litigious landscape, even a minor mistake can lead to costly legal disputes and damage to one's professional reputation.

This is where Professional Indemnity insurance can protect you and your business.

FAQs

Commonly asked by our customers

What is the professional indemnity insurance that upcover offers?

The Professional Indemnity cover we offer is tailored specifically to meet the unique needs of a services based business. This coverage is designed to safeguard your business against the financial impacts of potential claims arising from allegations of professional negligence or misconduct. This could relate to instances where advice or services you have provided lead to a loss for a client, and they decide to take legal action against your business.

Whether it's a matter of giving incorrect advice, breaching a professional duty,  responding to an investigation or an allegation of defamation, the professional indemnity policy provides protection, handling the legal costs and any required settlements or compensation you might need to pay. This cover allows businesses to operate with confidence, knowing they have protection in place, should they face such challenging situations.

Who needs professional indemnity insurance?

Professional indemnity insurance is essential for a wide range of professionals who provide advice, expertise, or specialised services to clients. It is particularly crucial for professions such as consultants, architects, engineers, accountants, real estate agents and recruiters.

Any profession where errors, omissions, or professional negligence can potentially lead to financial loss or harm to clients should consider obtaining professional indemnity insurance. Even if it is not a legal requirement for a specific profession, having this insurance can  protect both the professional and their clients from unforeseen risks and legal disputes.

What do I need to do to get a quote?

At upcover, we believe in simplicity. Just tell us your occupation, and your revenue and you'll get a price for the insurance in a matter of seconds. You’ll only need to answer a few more questions and you'll be able to buy a policy in minutes - not days or weeks or months!

Who is upcover's insurance partner?

upcover offers insurance products backed by Professional Risk Underwriting Pty Ltd (ProRisk), Australia’s Underwriting Agency of the Year in 2020.

What is a certificate of currency?

A Certificate of Currency is issued by an insurance company and is something you can use as proof that your existing insurance policy is valid. It contains all the information regarding your policy. You may be asked from time to time to prove your insurance - for loans to your business, for landlords of your premises, or for certain clients you might have. The moment you purchase your insurance from upcover you can send your proof of insurance to whoever requires it, at just a click of a button.

How can I make a claim?

You can make a claim by filling up this online form here.

Just answer a few simple questions and submit your claims form in minutes.
upcover Pty Ltd ABN 17 628 197 437 (“upcover”) is Corporate Authorised Representative (CAR 1299211) of Experience Insurance Services Pty Ltd (AFSL 539078).
upcover is a Corporate Authorised Distributor and has entered into an arrangement with Armada Underwriting Pty Ltd ABN 84 000 989 131 AFSL 237402 (“Armada”) and Mercurien Insurance Pty Ltd ABN 68 150 845 177,  AFSL No 480284 (“Mercurien”). upcover markets insurance products and services on behalf of Armada and Mercurien respectively. Cover is subject to the terms, conditions, limits and exclusions of the Policy. All insurance is underwritten by Professional Risk Underwriting Pty Ltd  ABN 80 103 953 073 AFSL 308076 (“ProRisk”) under an authority to bind cover on behalf of Swiss Re International SE, Australia Branch ABN 38 138 873 211 (“Swiss Re”) or Mercurien on binding authority from Assetinsure Pty Ltd ABN 65 006 463 803, AFSL 488403. Armada, ProRisk, Mercurien and upcover and their employees act as agents of Swiss Re and Assetinsure Pty Ltd, not as your agent. Neither ProRisk, Armada, Mercurien or upcover act on your behalf when distributing the insurance products and services and any advice provided is general advice only and does not consider your objectives, financial situation or needs.
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Information provided is general advice only and has been prepared without taking into account any person's particular objectives, financial situation or needs. Read the relevant Product Disclosure Statement or Policy Document available and consider whether it's appropriate before making any decisions about whether to buy a product.
© Copyright 2019 - 2023 upcover Pty Ltd ABN 17 628 197 437, CAR 1299211 of Experience Insurance Services Pty Ltd ABN 41 657 596 506, AFSL 539078