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The difference between public liability and professional indemnity insurance

... between Professional Indemnity and Public Liability insurance as the two types ... different forms of protection. Public Liability Insurance VS Professional ... client making a claim against you. A Public Liability claim could result from Accidental damage to a third ... are: health practitioners, IT contractors, management consultants, accountants and real estate agents. ...

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What does Public Liability Insurance Cover?

Public Liability Insurance protects you and your ... ... considers the legal defence costs alone, these could put you out of business. With the right Public Liability cover in place, the insurance company will provide the funds to cover your legal costs and any compensation ...

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How much does Public Liability Insurance cost?

... will usually cost. However, fortunately when it comes to Public Liability insurance the cost does not rise too significantly with an increase in the amount of coverage. For example, the average cost of $1 million worth ...

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What is Public Liability Insurance?

... empty 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 ...

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Understanding Insurance, Part One: Public Liability Insurance

As a small business owner, there is a lot to think about when running your own business. Whether its balancing the books, creating marketing plans or connecting with ... cover any legal defence costs you incur as a result of defending yourself. Why do I need Public Liability Insurance? While you may take all the care in the world to create a safe environment, the ...

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How Plumbers Can Protect their Business with Public Liability Insurance*

As a plumber you are faced with different challenges every day, one minute you're fixing a burst pipe, next youre unplugging a drain, no two days are ever the same! ... and 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 ...

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Public Liability Insurance

... and circumstances Get the cover that's right for your business With BizCover there are 4 levels of Public Liability cover to choose from, being $1 million, $2 million, $5 million, and $10 million. Policies are typically ...

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Key things to look out for when Growing Your Small Business

... financial breakdown. With smart risk management, however, and a tailored insurance ... ... the business as much as you do. Give management the space and the autonomy to lead effectively. Let ... of themselves, but the primary insurances - public liability and professional indemnity - are crucial. Ignore them ...

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

One of the most common issues with Business Insurance is that policy owners often fail to understand what it does protect you against, and the risks that still remain ... Cover The first step to knowing what your coverage includes is to understand its purpose. This will ... with how much you're covered for. Using Professional Liability as an example again, you could be covered for ...

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Preparing your store for the holiday season ahead

The holiday season is upon us, which is an important time for retail businesses. It can provide a much needed boost in sales, but on the flip side it can also mean an ... once it's occurred Investing in an effective inventory management system to keep track of your stock Reduce ... access systems and data. Therefore, a Cyber Liability insurance policy can act as your safety net ...

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

You shouldn't think of insurance just as an expense, instead think of it as a protection plan, protecting your livelihood should an unforeseen (and rather costly) event ... even personal assets might be on the line. Having a Employers Liability policy in place can cover you not only for your legal and ... is an important part of your risk management plan as it provides protection against the ...

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Types of small business insurance in New Zealand

If you own a small business, there's no denying one the most important things you need to protect your assets is Small Business Insurance. But what kind of insurance ... against claims arising from an act, omission, or beach of duty in the course of your work. Your Public Liability policy does not provide protection if there is financial loss only or if the cause of the loss was a ...

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Insurance Options for Retailers

Running a retail store can be a complicated business, with no two days ever the same and many different potential challenges. Regardless if you a have gift store or ... external glass and signage you own or for which you are legally responsible, at the insured premises. Cyber Liability* Like most small businesses, there's a high chance you rely on the convenience of the internet ...

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

Buying any insurance, can be a confusing and time consuming process. And when it comes to getting your Professional Indemnity Insurance, it can be even more so. Here ... price rise between $1 million and $2 million coverage is minimal. The things you will need to ... see a significant human resource risks which will require a management liability policy to cover. Or you may have a large ...

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

... hold and maintain a Professional Liability Insurance package. #1 Protect against ... ... Act, Privacy Act, Resource Management Act. Statutory Liability insurance protects you and your employees ... Professional Indemnity, Public Liability, Statutory Liability and Employers Liability coverage. To obtain your ...

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It's Time for an Insurance Health Check!

... and ensuring financial and risk management strategies still [] ... direction of the business and ensuring financial and risk management strategies still meet the needs of the business. While ... to consider increasing the level of public liability insurance that you hold. Are there statutory ...

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Insurance for IT Professionals

... you can compare quotes from leading NZ insurers and find the coverage you need, in minutes. Did you Know? For some IT ... toll on your business' reputation. Cyber Liability Insurance covers the costs which can be ...

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Help Protect your small business' reputation

When it comes to running a small business, your brand and its reputation are priceless. No doubt you've spent countless hours establishing your name by building strong ... offers coverage for public relations expenses to help prevent or minimise reputational damage whilst your business is under scrutiny. Employers Liability Insurance Being the director or part of a management team ...

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

Auckland, New Zealand - February 8, 2011. BizCover, the pioneer online insurance marketplace in Australia and leading provider of online professional indemnity insurance ... management ... Liability, Statutory Liability, Employers Liability, Employment Dispute Liability and other associated insurance products. To obtain a quote for professional indemnity insurance, and get instant coverage ...

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Insurance for Consultants

... structure & change management Public relations Risk Management Strategic business planning Title / Legal Searchers Translator Workflow processes & procedures Public Liability Public Liability insurance is a ...

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Insurance for Accountants & Tax Agents

... or an inadvertent error with Cyber Liability insurance, which provides coverage for expenses like data and recovery costs, fines and penalties, and PR and crisis management costs. GET INSTANT QUOTES Claim example ...

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Understanding Insurance, Part 4: Cyber Liability Insurance

... series we explore how Cyber Liability insurance can protect your business ... ... and penalties Extortion costs PR and crisis management costs What is typically not covered by Cyber Liability insurance? Replacement equipment  Property damage  Prior known ...

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Cyber Liability Insurance - the Safety Net Small Businesses Need

At long last, the wider public is starting to realise that hackers aren't hooded movie villains - they're real people doing real damage across the globe, especially ... community could be just as harmful. This is where Cyber Liability insurance provides a crucial safety net for SMEs in NZ, ... and investigation costs PR & crisis management costs Extortion costs Penalties and ...

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Cyber Liability Insurance

... of Cyber crime is $650 million annually* Cyber Liability Insurance is designed to protect your business against the ... and penalties Extortion costs PR and crisis management costs Claims Examples Website hijacked and ...

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Statutory Liability Insurance

... positions being held more accountable and responsible for their actions in the workplace. Statutory Liability Insurance protects you, your business and your employees, including directors, trustees and managers, against ...

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Employers Liability Insurance

... to ensure a safe working environment, and no matter how much we plan, accidents do occur. Employers Liability insurance protects you against settlements or damages, including defence costs, as a result of an employee ...

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Insurance for Mortgage Brokers

... your policy. Statutory Liability Statutory liability insurance helps defend your business and your employees against specific unintended breaches of New Zealand Acts of Parliament. It includes coverage for the costs ...

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BizCover expands its insurance offer and launches a new look

BizCover launches a new website making it easier for Australian customers to compare and buy professional indemnity and business insurance online Sydney, Australia ... partners include Australia's leading insurers, QBE, Chartis, Vero and DUAL. To get a quote for professional indemnity, public liability or business insurance, and get instant coverage, please visit: www.bizcover.co.nz.

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Insurance for Architects & Designers

... is out of action due to an insurable event. Cyber Liability As an architect or designer, your plans, designs are ... costs, business interruption costs and PR/crisis management costs. Could this happen to your business? ...

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Cyber Insurance - Is it worth it?

Many businesses think their business is too small to attract cyber criminals. Yet, when it comes to cyber theft, size doesn't matter. Hackers are on the lookout for ... should be an important part of your risk management plan, as it provides protection against the expense ... data breach alone. Cyber insurance will also provide coverage for regulatory defence, penalties and fines. Is cover ...

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What Photographers Need to Know About Business Insurance

The photography industry is an exciting one with no two days ever the same. Whether you work in a studio or you're out and about shooting on location, photography is ... limits Property (Contents)* Property insurance provides coverage for loss or damage to your ... -attack is something to consider. Cyber Liability Insurance protects your business against the expense ...

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Understanding Insurance, Part 3: Business Insurance

In part three of our guide to understanding insurance, we take a look at Business Insurance, the different kinds of cover available and how it can help protect your ... can quickly add up if you ha ve to replace them all. Business I nsurance offers flexible coverage options so you can protect the things that matter most to your business. Depending on the location ...

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Things you didn't know about small business insurance

Getting the insurance sorted for your small business can be pretty straightforward, jump online, compare quotes and buy the insurance that suits your business. But there ... is that your personal insurance may not cover your business liabilities or property. If you work from home, your ... the move It's wise to review and update your coverage every year. No doubt your business is on the ...

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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 a fresh unrelated incident there will be no coverage. Your insurer does not have to prove that you ... that you have complied with the requirements Never admit liability or attempt to resolve a complaint on your own ...

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Insurance for Real Estate Agents

... may include the sale of real estate, poor property management, allegations of misleading or misrepresentation or a breach of statutory rules. Public Liability This insurance is an essential component of any business ...

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How to protect your small business from cybercrime

Unfortunately, there's no off season for cyber criminals who are always on the prowl, leaving no small business immune especially when it comes to obtaining financial ... protecting your business. What is Cyber Liability insurance cover? Cyber Liability is designed to cover your business ... penalties Extortion costs PR and crisis management costs What is not covered? ...

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What does Professional Indemnity Insurance cover?

... slander resulting in public relations and reputation management costs Damages for loss of important ... legal fees to defend against the claim of liability. Professional Liability insurance can cover the cost of the claim ...

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What is Professional Indemnity Insurance?

... cover are: health practitioners, IT contractors, management consultants, accountants and real estate agents. ... of cost. The surveyor's insurer recognised his liability and made a quick settlement offer. Interestingly, the ...

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What do you need to know about Professional indemnity insurance?

Professional Indemnity Insurance (PI) can be difficult to comprehend, but only at first. In this article, we explain what professional indemnity insurance is and why ... seat. A lot of practices, even the ones with clean claims records, should be cautious. Increasing the amount of coverage if is appropriate, may be necessary from time to time depending on the size of a job contract or ...

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Tips for making a Stress-Free Claim for your business

In the aftermath of a disastrous event, we understand how important it is to get your business back up and running as quickly as possible. Making an insurance claim ... up to date, especially your contact details and business address. If you have coverage for contents it is a good time to make sure you have enough coverage and that you have included new and valuable items on your policy ...

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Conquering Stress and a Heavy Workload

Stress and overworking can affect your overall productivity as a small business owner. Here are some of the best stress-busting techniques for 2019. Some level of stress ... as well as health and mental health status, which in turn help control your stress. Smarter time management Overworking and working excessively long hours could take a toll on your health. One way to address ...

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Insurance for Bookkeepers

... and Tracking the Value of Assets & Liabilities Recording, Monitoring and Tracking Income and Expenses ... of reasons, which are set out below: Risk management tool to assist in providing financial protection for a ...

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Understanding Insurance, Part Two: Professional Indemnity Insurance

There's a great deal of responsibility and care required when you provide specialist advice and services for a living. No matter how professional you may be, all it ... to consider when determining how much cover you may need: Does your profession have statutory coverage requirements? If you are a member of an industry association or professional body, are you ...

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Insurance for Allied Health Professionals

... your home or business, or if you visit their premises, you should seriously consider taking out public liability insurance for your protection. Claim example A yoga instructor hired premises in a busy centre to run a ...

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Insurance for Engineers

... to someone on your premises or where you conduct your business. Some large projects might insist on Public Liability being in place before you go on site. Business Insurance Most businesses will have assets of some sort ...

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Why Do Marketing Consultants need Professional Indemnity Insurance?

Your clients rely on you for your marketing expertise and advice to help increase their leads and increase their profits. But when things don't go to plan and accusations ... you or you 're out on the road meeting them, you may need to consider Public Liability insurance. Public Liability insurance is  designed to provide protection for you and your business in the event a customer ...

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Why Do Marketing Consultants need Professional Indemnity Insurance?

Your clients rely on you for your marketing expertise and advice to help increase their leads and increase their profits. But when things don't go to plan and accusations ... you or you 're out on the road meeting them, you may need to consider Public Liability insurance. Public Liability insurance is  designed to provide protection for you and your business in the event a customer ...

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Insurance options to protect your cleaning business

If you work as a cleaning contractor or operate a small cleaning business, you know how important it is to have an eye for detail, ensuring you make your clients happy ... shower screens . If a third-party was to make a claim against your business for negligence, Public Liability insurance provides peace of mind knowing that you have protection in place for your legal expenses and ...

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7 Ways You Can Protect Your Business and Personal Information Online

The world today is digital, where you can now do everything, from reading books, listening to music, booking a taxi, pre-ordering your groceries for delivery and even ... passwords are going to be hard to remember or manage, there are a number of great password management softwares available that can do this for you securely (Such as 1Password and LastPass ). Security Questions ...

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Insurance for Recruitment Consultants

... services, for example: occupational health & safety human resources employee relations change management psychological testing training & induction Professional Indemnity Insurance for Recruitment Professionals PI ...

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Find your business motivation this Easter with these tips

Feel like it's all work, no play? Lost that mojo and spark? As a small business owner, you're not alone when it comes to experiencing motivational burnout. To help get ... of me, I know I can always learn something new and continually improve. Plan ahead – I have project management software to keep myself and staff on track. Set goals and celebrate- I make sure I'm always ...

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A Guide to Going Green This World Environment Day

This June marks 45 years since the United Nations launched World Environment Day, an initiative raising much-needed awareness of environmental issues across the globe ... instead of printing them out . Dropbox and Google Docs are two of the most popular online file management systems and offer both free and paid plans. Use social media and emails to market your business ...

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Insurance for Hairdressers

... Hairdressers At BizCover, we offer an extensive range of insurance products to cover many types of risks and liabilities, meaning that you can focus on running your business without the worries of what could happen if an ...

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Take Back Your Time With These Apps

Time. It's something we could all do with a little bit more of, especially when you run your own business. One of the biggest skills you gain as a small business owner ... , so do your plan options with paid options available for larger scale businesses. Strong time management skills are essential e specially when it comes to dealing with customers and clients. Setmore can ...

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Insurance by Professions

... insurance offer includes Professional Indemnity insurance, Public Liability Insurance, Statutory Liability Insurance, Cyber Liability Insurance and Employers Liability Insurance for a variety of occupations. You ...

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Insurance for Painters

... usually cover only the insured and their employees, not subcontractors. Insurance for Plumbers Public Liability Public Liability is perhaps the most important insurance option for painters to consider. It will protect ...

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Insurance for Personal Trainers

... and accusations are can be made, however right or wrong they may be. Having a combined Professional Liability package provides the financial protection you need against losses which may be incurred for any action taken ...

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Insurance for Tradesmen

... accidentally lost control and damaged the side of his client's house. Fortunately, the landscaper had Public Liability cover and his insurer quickly agreed that the third-party property damage arose out of the operation ...

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Insurance for Beauty Salons

... you are renting your beauty salon space, check if your landlord requires you to have a particular level of Public Liability cover. How much would it cost to replace your stock, contents and salon equipment if it was lost ...

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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 ... of the sale of property the agent must communicate it as soon as the information arises or face possible liability for any issues. For example, if the agent was aware of a plumbing issue and flooding in the lower ...

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Customer Spotlight: Scotchbox

Scotchbox is all about sampling Whisky and other spirits that aren't easy to find, or, you perhaps wanted to try but didn't want to buy a bottle. With Scotchbox you ... his Scotchbox stock. “I chose to insure my business because I want to be protected from public liability, selling food and drink to consumers and alcohol specifically I could be responsible for issues or problems that ...

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Business Insurance

... your business needs and provide protection for your contents, stock and other assets. And you can include Public Liability Insurance to ensure you are left financially sound for the costs of a legal claim should a third ...

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4 Areas You May Not Have Thought Business Insurance Covers

You work hard to build your business. So it's vital to protect your business assets and revenue against potential risks that may impact your business, such as fire, ... . You can tailor 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 ...

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

We recently launched a campaign that showed how small business owners really feel about their expensive, archaic policies and encouraged them to get them out of their ... , to shred their old policy. Dave, our resident tradie, showed no mercy when he subjected his old public liability policy to his bandsaw. Jill, the café owner, gave the fruit and veg a break and instead blended up ...

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Reviews related to management liability coverage

  • 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

  • You made the purchasing of public liability cover simply easy and straight forward

    Peter McLaughlin
    Trades & Services

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Get the cover that's right for your business

With BizCover there are 4 levels of Public Liability cover to choose from, being $1 million, $2 million, $5 million, and $10 million.

Policies are typically tailored to suit the type of industry your business operates within. However, the amount of cover required will vary from one business to another. When deciding on how much cover you need for your business, consider the following factors:

  • Do any of your contracts require a minimum level of cover?
  • Has your industry body set a minimum level of cover for membership?
  • Does your business or trade license require a minimum amount of cover?
  • Do the terms of your lease require a minimum level of cover?
  • Finally, think about what your level of risk and exposure could be. What kind of accidents could occur, and what could be the potential cost of a claim?