Executive Indemnity Insurance

Why Do Marketing Consultants need Professional Indemnity Insurance?

... that is involved in a court case which can proceed for months if not years . Having Professional Indemnity insurance means you can focus on getting back to business doing what you do best without worry and only limited ...

Why Do Marketing Consultants need Professional Indemnity Insurance?

How the cost of Professional Indemnity insurance is calculated

... more than another? We look some of the key factors that that impact the cost of Professional Indemnity insurance. Insurance policy pricing is generally calculated on risk factors and put simply, the higher the level of ...

The difference between public liability and professional indemnity insurance

... out of court or awarded by the court. With the right Public Liability or Professional Indemnity cover, your insurance company will provide much needed funds to cover your legal costs and any compensation claims, leaving ...

What do you need to know about Professional indemnity insurance?

... may need to draw funds from their own pockets and that is never a good thing. With professional indemnity insurance you do not have this problem. Cover may be mandatory! Whilst you can generally choose what sort of ...

7 Things for Accountants to Consider When Applying for Professional Indemnity Insurance

... . To be a member of Chartered Accountants ANZ you are required to provide information on your professional indemnity insurance . Investigate and make sure to look into what is required of your business by the relevant ...

What does Professional Indemnity Insurance Cover?

... might be a financially sound decision to protect your business and take out Professional indemnity insurance. * As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy ...

Professional Indemnity Insurance

... hassle, no paperwork, no delays What’s included? Get the right cover Professional Indemnity Insurance cost Professional Indemnity Insurance For Your Business When operating a business, your primary goal is to provide a ...

Do I need Professional Indemnity Insurance Insurance?

... if you are at fault or not, to potentially destroy your business for good. That's where Professional Indemnity insurance comes in to play. If a client makes a claim against your business for an omission or mistake which ...

What is Professional Indemnity Insurance?

... front of the judge, make sure it's not costing you an arm and a leg! Do I really need Professional Indemnity Insurance? If you are being paid to provide your professional advice or service you have a duty of care to your ...

Understanding Insurance, Part Two: Professional Indemnity Insurance

... expert advice and services you have a duty of care to your clients and this is where the Professional Indemnity insurance comes into play. If a claim were to be made against you , having adequate cover in place could ...

How much does Professional Indemnity Insurance cost?

... the below graph though, over a third only pay between $45 and $74 per month. The cost of Professional Indemnity insurance depends on a number of key factors including: The type of business you operate - the riskier the ...

Understanding the risks for Real Estate Agents

In the Real Estate Industry , Professional Indemnity Insurance provides essential financial protection against potential losses arising out of acts, errors and omissions from professional services provided. The REINZ ...

Help Protect your small business' reputation

... reputation too. And let's face it, we are all human and mistakes do happen. Fortunately, Professional Indemnity insurance is designed to protect your business should you or your staff make an error, omission, or, breach ...

BizCover & NZTA

... . Just enter code ' NZTATEN ' in the Partner Code field during checkout. Protect your business today. Professional Indemnity Insurance for Tutors We're not trying to teach you any lessons here, but without Professional ...

6 Essential Types of Business Insurance in New Zealand

... a breach of professional duty, so it's important you know the difference. Professional Indemnity Insurance is applicable to many professions, such as chiropractors, consultants, engineers, architects, real estate agents ...

Professional Indemnity Claims: when should I notify my insurer?

If you are a professional who provides advice or a service to your clients, your Professional Indemnity (PI) insurance is no doubt one of the most vital covers you have for your business. If things don't quite go to plan ...

Small Business Insurance: Why you might want to ensure you're covered!

... ? In New Zealand for some business sectors you'll find certain types of insurance is required. For example you'll find Professional Indemnity might be compulsory if you are part of a professional association. If you ...

Key things to look out for when Growing Your Small Business

... needs. The little things might be able to take care of themselves, but the primary insurances - public liability and professional indemnity - are crucial. Ignore them at your peril. So What Can You Do? Insure your ...

Business Risk: What Isn't Covered and Why it Matters

... idea of what's covered will certainly come in handy. For example, if you purchase Professional Indemnity (PI) insurance you should know that you're covered for any damages claims awarded against you, plus defence costs ...

Insurance for Recruitment Consultants

... Recruitment services e.g. placement of candidates, executive search Employment consulting services, for example: On ... & induction Professional Indemnity Insurance for Recruitment Professionals PI insurance is designed to ...

6 Ways your small business can benefit with online marketing

... your business from the basics like Public Liability * to Professional Indemnity insurance *. We also provide coverage for things like Business Insurance * and Cyber Liability * to help protect your business from unwanted ...

How To Start A Small Business

... on the market. Some of the typical kinds of business insurance include: Public Liability insurance Professional Indemnity insurance Business Insurance Cyber Liability Start your new business journey with peace of mind ...

BizCover expands into New Zealand and launches BizCover.co.nz

... (over 10,000 policies sold in the past two years), BizCover.co.nz provides professional indemnity insurance for over 100 different professions from New Zealand's leading insurers. BizCover provides a simple, secure ...

Turn your side hustle into a small business

... your side hustle is involved with providing professional advice or services is Professional Indemnity insurance*. Professional Indemnity Insurance (PI) is designed to respond to claims against your business for losses as ...

BizCover expands its insurance offer and launches a new look

... BizCover. BizCover.com.au is already renowned for providing quick and easy online professional indemnity and public liability insurance for over 200 professions. The new website enhances this offer by giving BizCover's ...

Video Centre

... work? Important things you need to know about Liability Insurance What is Public Liability Insurance? What is Professional Indemnity Insurance? What is underinsurance? How can I get my business covered? How can I ...

Insurance for IT Professionals

... as to which cover should respond to the claim. Insurance for IT Professionals Professional Indemnity Insurance Professional Indemnity (PI) insurance provides essential financial protection for IT Professionals against ...

Insurance for Mortgage Brokers

... Mortgage Broker must have at least $1 million of cover. Insurance for Mortgage Brokers Professional Indemnity Insurance Professional indemnity insurance protects professionals, like Mortgage Brokers, who offer advice and ...

Insurance for Immigration Advisers

... a minimum of $250,000 Professional Indemnity (as at July 2017). Insurance for Immigration Advisers Professional Indemnity Insurance Professional Indemnity (PI) insurance provides essential financial protection for ...

Insurance for Consultants

... Giving advice or providing recommendations doesn't come without risk. That's why Professional Indemnity (PI) insurance is designed to provide the essential financial protection you need as a Consultant, to safeguard ...

Insurance for Bookkeepers

... details with others can result in the Bookkeeper being sued. Insurance for Bookkeepers Professional Indemnity Insurance Professional Indemnity Insurance is for businesses and professionals in fields where their customers ...

Insurance for Architects & Designers

... to meet the conditions of many clients as well as tender processes. BizCover's professional indemnity insurance offer covers occupations such as: Architect Interior designer Public Liability Do you need it? If ...

Insurance for Real Estate Agents

... complaints and inquiries to the Real Estate Agents Authority (REAA). Insurance for Real Estate Agents Professional Indemnity Professional Indemnity insurance is designed to protect your business against legal claims and ...

Insurance for Accountants & Tax Agents

... processes. Even the best of us can have a bad day with the books. That's why Professional Indemnity insurance is designed to protect you and your business from any losses which may arise from any errors and omissions ...

Insurance by Industry

... is why our comprehensive insurance offer includes Professional Indemnity insurance, Public Liability Insurance, Statutory Liability Insurance, Cyber Liability Insurance and Employers Liability Insurance for a variety of ...

BizCover and NZ Qualified Bookkeepers Association

... party due to alleged or actual negligence in your professional services or advice. Your Professional Indemnity insurance will meet the associated compensation payable to a third party together with your defence costs ...

Insurance for Travel Agents and Tour Operators

... your earnings and not gross ticket prices. Professional Indemnity Insurance for Travel Agents and Tour Operators Professional Indemnity (PI) insurance provides essential financial protection for Travel Agents and Tour ...

Insurance for Marketing and Multimedia professionals

... Sign Writers Public Relations Consultants Professional Indemnity Insurance for Marketing and Multimedia professionals Professional Indemnity (PI) insurance provides essential financial protection for Marketing ...

Insurance for Beauty Salons

... into an ugly mess – and not the type a tad of concealer can fix. Professional Indemnity Insurance is designed to protect your business against claims for negligence or professional misconduct. It protects businesses ...

Insurance for Shop Owners

... provide professional advice or services you may want to consider Professional Indemnity insurance. Professional Indemnity (PI) insurance is an important form of protection for businesses that provide specialist services ...

How much does Public Liability Insurance cost?

... through best i have ever used Cameron H. Electrician/Electrical Services Would like to know about indemnity Insurance as well. Navpreet C. Horticultural Services very easy to arrange Tony P. Tiler / Tiling Contractor ...

Public Liability Insurance

... injury that is not covered by the Accident Compensation Commission (ACC). Professional Indemnity Professional Indemnity (PI) insurance is an important form of protection for businesses that provide specialist services or ...

Why do brilliant business ideas sometimes fail?

... Public Liability insurance * Professional Indemnity insurance * Business Insurance * Building insurance * Contents insurance * Business Interruption insurance * Portable Equipment insurance* Cyber Liability insurance* It ...

6 Reasons why some small businesses fail

... : Public Liability insurance* Professional Indemnity insurance * Business Insurance* Building insurance* Contents insurance* Business Interruption insurance* Portable Equipment insurance* Cyber Liability insurance* Don't ...

What Photographers Need to Know About Business Insurance

... also covers any legal costs that you may incur while defending yourself. Professional Indemnity insurance * No matter how much care you may take as a photographer, a client can claim that you were negligent in the ...

Statutory Liability Insurance

... your business get a quote today What is the difference between Professional Indemnity and Statutory Liability Insurance*? These two types of insurance are designed to cover different risks that your business may face ...

BizCover and Boost Your Business

... choosing the types of policies relevant to your business. Protect your business today. Professional Indemnity insurance* Protects your business and your staff against any financial losses or legal action taken against ...

Priceme

... or personal injury not covered by the ACC that arise due to your business operations. Professional Indemnity insurance* Protects your business and your staff against any financial losses or legal action taken against ...

Business Insurance FAQs

... Do I need public liability insurance? What is Professional Indemnity Insurance? What does professional indemnity insurance cover? Do I need professional indemnity insurance? What is Business Insurance ? What is Business ...

No Dramas

... can compare policies and get covered quicker than you think. These are some insurance options you might want to consider: Professional Indemnity Insurance* Covers you for losses claimed by a third party due to alleged ...

A Tradies Guide To Getting Your Business Insurance Sorted

... is, it can also land you in hot water if your advice doesn't exactly go to plan. Professional Indemnity (PI) insurance is designed to respond to claims against your business for losses as a result of actual or alleged ...

Massage Therapy Insurance: here's why you need it!

... to clients in relation to their wellbeing, or even an allegation of professional misconduct. Professional Indemnity insurance provides essential protection against financial losses for legal action taken against you as a ...

Why You Should Review Your Business Insurance

... alleged negligent acts or omissions in the provision of your professional service or advice. Professional Indemnity Insurance will also assist with the legal costs associated with responding to or managing claims which ...

4 Areas You May Not Have Thought Business Insurance Covers

... a policy to suit your needs and include other essential covers such as Public Liability and Professional Indemnity insurance to ensure you are not left financially responsible for the costs of a legal claim should a ...

Things to consider when purchasing business insurance

... . This is a quick snapshot of some of the different types of business insurance products available: Professional Indemnity insurance *: is an important form of protection for businesses that provide specialist services ...

Insurance for Engineers

... or misrepresentation and breaching the Engineers' Code of Ethics. Insurance for Engineers Professional Indemnity Professional Indemnity provides indemnity for professional errors and negligence. Importantly, it provides ...

Insurance for Allied Health Professionals

... & Public Liability cover with our exclusive member rates. Insurance for Allied Health Professionals Professional Indemnity Professional Indemnity (PI) insurance provides essential financial protection for Allied Health ...

Insurance for Personal Trainers

... for Personal Trainers GET INSTANT QUOTES Combined Professional Indemnity and Public Liablity Insurance Quick and easy online process, no paperwork, get covered in minutes Broad Cover Why do Personal Trainers need ...

What is Public Liability Insurance?

... pockets (and some) because you tried to save a bit of cash by not purchasing the right amount of Public Liability insurance, or worse, didn't have any at all. If the risk to your businesses is such that you would go out ...

What is Business Insurance

... our Contact Us page, where you can find out how to get in touch with one of our business insurance professionals. You can also access quick links to our self-service portal, where you can download your Certificate of ...

What does business insurance cover

Do I need Business Insurance

... , so you're not left with a hole in your back pocket. Mortgage Brokers with a home office Business Insurance is designed to provide cover for your contents and other physical assets (including your building if you own it ...

What does Public Liability Insurance Cover?

Do I need Public Liability Insurance?

Cyber Liability Insurance

Insurance For Cafes and Restaurants

... and customers the potential risk for something to go wrong is a reality. At BizCover we offer a menu of insurance options from some of New Zealand's leading insurers to help you suit your unique food business needs, so ...

Introducing Work From Home Insurance

... with an inappropriate screen name Work as we know it may never be the same. Get your work from home insurance before your next meeting goes wrong—available April 1st only. *Don't get caught on April Fool's Day Protect ...

Insurance for Photographers

Insurance for Hairdressers

... having to close your doors for days, weeks or even months to conduct repairs or re-build. Business Interruption insurance can cover the loss of income and some of the increased costs of running your business as a result ...

Insurance for Painters

... bear this cost out of your own pocket. These expenses can add up over time and dig into your savings. Business Insurance can cover the cost of your tools and portable equipment if it is lost or stolen, or in the event of ...

Tool and Portable Equipment Insurance

Employers Liability Insurance

Business Insurance

... relate to your business. You should check your policy details to check on coverage. How do I make a claim on my insurance policy? If you need to make a claim, don't stress! We're here to help you through the process and ...

Insurance for Tradesmen

... no two days on the job are the same, and when a spanner gets thrown into the works, that's where business insurance can help save the day. Maybe you're running a one-man band or have a hive of workers helping you get ...

Retailer Insurance

Insurance for Plumbers

... of a plumber's association you may be required to hold a minimum level of Public Liability insurance. Insurance for Plumbers Public Liability* Don't risk letting an expensive claim for property damage flush your business ...

Insurance for Handyman

... policy that meets your business's needs. Get covered against wide-ranging risks in minutes. An easier way to get the right insurance cover is just to give us a call - and we will do the rest. Did you know? Your level of ...

Insurance for Cleaners

... used. While you’re busy cleaning, let us take care of all the messy bits of searching for cleaner's insurance. In just a few clicks or a phone call you can receive multiple quotes from some of New Zealand's leading ...

It's Time for an Insurance Health Check!

... your business mean that there may be considerations for your insurance . Firstly, do you have the right types of ... to wait until your policy anniversary for your Limit of Indemnity to be restored and to make a new claim.. ...

Things you didn't know about small business insurance

... government, they may require you to have Professional Indemnity cover. Make sure your policy stays relevant ... your business is on the move and changing and so your insurance needs will also be changing and you'll want to ...

Understanding Employers Liability Insurance

... challenges and to be in business for the long run. Things like Public Liability, Professional Indemnity and other Business Insurance options*, help protect different areas of your business. There isn't a one size fits ...

Tear and Share: Our customers get even with their old insurance policies

... the way he'd say RIP to his old policy. Thankfully with BizCover, there's no nasty paper policies. Just hassle-free insurance , online, with all your documents emailed to you instantly. Switch & save on your business ...

Public Liability Insurance: 5 Tips for choosing the best policy for your business

... and the policy features. There are many options for small business owners when it comes to shopping and choosing insurance policies. Gone are the days of having to ring around and wait for days for the brokers to get ...

Cyber Insurance - Is it worth it?

... or vendor relationships and processes customer-sensitive (non public) information, you need it. Isn't my other insurance cover enough? Take time to review your current policies—especially the exclusions—and you'll likely ...

Insurance options to protect your cleaning business

... you make your clients happy with squeaky – clean results. It's also important that your business has the right insurances in place for when things get messy. You've worked long and hard to build your business and that's ...

How Plumbers Can Protect their Business with Public Liability Insurance*

... the last thing you need is a claim to flush your dreams away. With the appropriate level of Public Liability insurance in place, you are providing a financial safeguard to help you stay around for the long haul. What are ...

Insurance Options for Retailers

... store or a bakery, there is always the potential risk for things to go wrong. Having the appropriate retailers insurance in place to protect your retail store is a smart move when it comes to managing the risk of your ...

How Cyber Insurance Protects Small Businesses

... in exchange for a release of the information or a return to service. Let's take a look at Cyber Liability insurance * and how it can help to protect your small business from some of the unwanted challenges of the online ...

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Reviews related to Executive Indemnity Insurance

It was so easy and great time saver, prompt delivery to obtain the Public Liability and Professional Indemnity I require as an Occupational Health and Safety Consultant and Practitioner. Other quotes took well over a week to come back to me. Definitely r

Patricia Copp
Consultancy Occupations
Highly recommended way of doing business insurance with out hassles and cost effective

Peter Digby
Manufacturing
IT WAS NICE AND EASY TO RENEW THE INSURANCE- THANK YOU FOR A TROUBLE FREE EXPERIENCE

Janette Wallbutton
Real Estate
Easy to deal with; did as they said. ie when I asked them to call back they did. Normally choosing insurance is a big headache but this was so straightforward and pleasant. I would definitely recommend them. A

Alisa Drewett
Medical
I found getting insurance from BizCover exceptionally easy, did it over the phone,the representative that I was dealing with explained everything clearly and walked me through the whole process from start to finish.

Tina Buckler
Allied Health
Compared to the other quotes I was getting and poor customer service I was dealing with, BizCover were friendly and helpful, patient as I said I wasn't ready yet due to waiting for other insurance brokers who were terrible, BizCover kept trying to call bu

Layla Dowthwaite
Consultancy Occupations
I did fill this in before - don't know what happened to it. I thought the on-line service was good. The real proof about the value of any insurance product though is what happens when you have to claim!

Alison McDonald
Consultancy Occupations
Nice and fast, but not immediately obvious where to download insurance certificate.

Charles Brooks
Consultancy Occupations
Extremely easy, user-friendly online purchase process, really good. But like all insurance the value isn?t known until you need to make a claim. I hope if that?s ever needed, that process and customer service is equally as good.

Angela Clarke
Information Technology
They have competitive pricing but when selecting your insurance product you are completely on your own as the consultants do not provide any advice or recommendation regading the suitability of cover. That is of some concern if the kind of work you do isn

Monique Princen
Information Technology
The representative said that he wasn't sure if the situation I described was included in the insurance I selected and he would need to check with the under writer and call me back. I thought "yeah right" but he did call back very quickly and then my cover

Quentin Duff
Trades & Services

Independent feedback from our customers rated our service at excellent.

What is covered?

Damages and claimant costs awarded against the insured
Legal and defence costs
Claims investigation costs
Inquiry attendance costs
Public relations costs

What is NOT covered?

Intentional damage
Known claims and circumstances
Fraud and dishonesty
Bodily injury / property damage

Get the cover that is right for you

BizCover offers Professional Indemnity policies from a range of insurers with cover limits from $250K to $10M. When determining how much cover you need, consider the following:

Are there any statutory requirements for your profession?
Are you a member of a professional body or association with a set requirement to hold PI insurance? If so, how much cover do they require you to have?
Do any of your work contracts specify that you must hold a certain level of PI insurance?
What is the value of the jobs that you perform?
What are the potential risks (i.e. what could go wrong?) and what are the potential costs to rectify any mistakes?
What would the legal and investigation costs add up to if any action was taken against you?

Ensure you review your insurance regularly to assess your exposure risk and increase your level of cover accordingly.

Protect your business today.

GET INSTANT QUOTES

FAQs

How much does Professional Indemnity Insurance Cost?

The cost of Professional Indemnity insurance depends on a number of key factors including:

The type of business you operate
Your business size and turnover
The amount of insurance cover you require
The individuals being covered – are they qualified for the job they are performing
Previous claims history

The simplest and most accurate way to find out how much a Professional Indemnity policy would cost for your business is to compare quotes to cover your business and its unique insurance needs.

What is difference between Professional Indemnity and Public Liability Insurance?

Public Liability insurance protects you and your business against the financial implications if you are found liable for loss or damage to other people’s property, or cause illness or injury that is not covered by the Accident Compensation Commission (ACC).

Professional Indemnity Professional Indemnity (PI) insurance is an important form of protection for businesses that provide specialist services or professional advice. It is designed to respond to claims against your business for losses as a result of actual or alleged negligent acts or omissions in the provision of your professional service or advice. PI Insurance will also assist with the legal costs associated with responding to or managing claims which are covered by the policy.

When should I notify the insurer for Professional Indemnity Claim?

Like other insurance policies there are a number of important conditions and obligations under your insurance contract that you need to understand.

Professional Indemnity insurance is issued on a ‘claims made and notified’ basis, meaning the policy responds to claims first made against the insured during the active policy period, and notified to the insurer during the policy period. In a nutshell for a claim to be considered, your policy must have been active at the time the allegation was made against you, and when the claim is lodged.

What is notification and why is it important?

One of the vital conditions of a Professional Indemnity policy is that you may be required to give information around any circumstances that may give rise to a claim to your insurer. You have an obligation to inform your insurer as soon as practically possible once you become aware of any situation which could possibly result in a claim.

Failure to notify your insurer as soon as reasonably possible could lead to your claim being denied. So, even if you’re unsure whether it’s worthy of letting them know or not, it’s in your best interests to do so.

* * As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this web page is general only and should not be relied upon as advice.

Need Help?

Visit our Contact Us page, where you can find out how to get in touch with one of our business insurance professionals.

You can also access quick links to our self-service portal, where you can download your Certificate of Currency, update your payment details, amend your cover and download your policy documents.

Executive Indemnity Insurance

Executive Indemnity Insurance

Reviews related to Executive Indemnity Insurance

Related insurance topics:

What is covered?

What is NOT covered?

Get the cover that is right for you

Protect your business today.

FAQs

How much does Professional Indemnity Insurance Cost?

What is difference between Professional Indemnity and Public Liability Insurance?

When should I notify the insurer for Professional Indemnity Claim?

What is notification and why is it important?

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