What is Professional Services Firm Insurance?

Professional Indemnity Insurance protects you and your business against claims for alleged negligence or breach of professional duties from an error or omission in the course of your business. If you make a mistake or omission causes a financial loss to a third party (typically a customer), there is a chance that they may take legal action against for their loss.

Why is Professional Indemnity Insurance needed?

Buying Professional Indemnity Insurance is becoming standard practice for all businesses that provide professional services and advice as it is an easy way to transfer the risk so you can manage your business with confidence that your assets are protected.

A Professional Indemnity Insurance Policy typically protects you against:

Damages awarded to claimants

Legal costs incurred by you and, possibly, the claimants

Claims investigation costs

Public relation costs

Other expenses associated with the claim

Professional Indemnity insurance is sometimes a contractual requirement or compulsory insurance, such as the ASIC requirement to comply with RG 126 for Australian Financial Service Licensees (AFSL) who deal with retail clients.

What Professions Do We Arrange Insurance for?



Real Estate Agencies

Accountants & Tax Agents

Design & Construct

Property Consultants


Migration Agent

Law Firms

Corporate Advisors

Private Equity

Fund Managers

Corporate Secretaries


Marketing Consultant

Human Resources Consultant

Graphic Designer

Public Relations

Property Consultants

Mining Consultants

Oil & Gas Consultants

IT Consultants

Technology Firms

Allied Health

Management Consultant

What are some key factors to consider when applying for a Professional Indemnity Insurance Policy?

The cost of an average Professional Indemnity Insurance policy can vary widely.

Key Considerations in the price paid include:


Scope of advice being given

Experience of Directors/employees’ providing the professional service

Turnover/ fees for services

The Number of Employees

Contract Management

Limit Chosen

Risk management framework/Quality assurance controls

Claims History

Territory that the services are being provided in

Quote Requirement

Please complete this Proposal Form and return to our brokers below to arrange a Professional Indemnity Insurance quote. (Download Here)

Why KBI?

KBI has a dedicated team that focuses on Professional Indemnity. We provide advice to some of the largest professional service firms in Australia and have our finger on the pulse of all Australian and Lloyds Professional Indemnity insurers. As experts in this area of insurance, we work closely with your management and board to understand your unique needs. We then approach insurance companies on your behalf, getting a range of coverage and pricing options. Next, we compare these options and present them in an easy to read comparison with our recommendations to you to help you make an informed decision. Finally, we secure the insurance that you select and review it with you when required, depending on the growth and changes applicable to your organisation.

Professional Indemnity Insurance Team

Account Manager
travis kenzle kbi
Managing Director
nick george
tyler speers kbi
Account Manager

Professional Indemnity Insurers

Contact Info

Street Address:

Level 18, 140 St. Georges Terrace, Perth, WA, 6000

Postal Address:

PO Box Z5102, St. Georges Terrace, Perth WA 6831

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