KBI logo website

We are a specialist insurance brokerage with an emphasis on adding value to our clients by helping them make an informed decision.

Contact Us:
What We Do
  /    /  Professional Indemnity Insurance

What is Professional Indemnity Insurance

professional indemnity insurance

Professional Indemnity Insurance Explained

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.

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.

Geologists/Geoscientists

Laboratories

Consultants

Labour Hire

Recruitment Agencies

Real Estate Agencies

Accountants & Tax Agents

Law Firms

Financial Planners

Corporate Advisors

Private Equity

Fund Managers

Corporate Secretaries

Engineers

Property Consultants

Design & Construct

Public Relations

Property Consultants

Mining Consultants

Oil & Gas Consultants

IT Consultants

Technology Firms

Allied Health

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

Key considerations in the price paid include:

  • Profession/occupation
  • Scope of advice being given
  • Turnover
  • The number of employees
  • Limit chosen
  • Claims history

Professional Indemnity Insurance Team

travis kenzle

Managing Director
nick george

Executive Broking Manager
tyler speers

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

Get in Touch with our Brokers:

Click the button below to find out more about our people, their experience and their accomplishments.

Get in Touch