PI Insurance NZ Solo Practitioner
What does Professional Indemnity Insurance Cover?
GET QUOTES & BUY What Does Professional Indemnity Cover? What does Professional Indemnity Insurance cover? What does Professional Indemnity Insurance cover? Professional Indemnity (PI) insurance is an important form of ...
read moreHow much does Professional Indemnity Insurance cost?
GET PROFESSIONAL INDEMNITY INSURANCE How much does Professional Indemnity Insurance cost? How Much Does Professional Indemnity Insurance Cost? Average Small Businesses Pay $112.28 Per Month Buy Online Instantly – No ...
read moreProfessional Indemnity
Professional Indemnity Insurance Spending too much time finding the right Professional Indemnity cover? At BizCover, we will get you sorted No Hassle, No Paperwork, No Delay Spending too much time finding the right ...
read moreWhat is Professional Indemnity Insurance?
GET PROFESSIONAL INDEMNITY INSURANCE What is Professional Indemnity Insurance? What Is Professional Indemnity Insurance? Compare Quotes from Leading NZ Insureres Buy Online Instantly – No Paperwork Over 42,000 Policies ...
read moreDo I need Professional Indemnity Insurance Insurance?
GET PROFESSIONAL INDEMNITY INSURANCE Do I need Professional Indemnity Insurance? Do I need Professional Indemnity Insurance? Need business insurance? Compare quotes from NZ insurers, then buy online in minutes. Why is it ...
read moreBizCover & NZTA
... you an additional 10% off any policy you purchase from AIG. Just enter code ' NZTATEN ' in the Partner Code field during checkout. Protect your business today. Professional Indemnity Insurance for Tutors We're not trying ...
read moreProfessional Indemnity Claims: when should I notify my insurer?
... or a service to your clients, your Professional Indemnity (PI) insurance is no doubt one of the most vital ... legal and compensation costs in the event of action taken against your business. Like all insurance policies ...
read moreHow the cost of Professional Indemnity insurance is calculated
... Professional Indemnity (PI) insurance policy is calculated and why one profession can often cost more than another? We look some of the key factors that that impact the cost of Professional Indemnity insurance. Insurance ...
read moreBusiness Risk: What Isn't Covered and Why it Matters
... . You don't need to know your policy by heart but having a rough 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 ...
read more6 Essential Types of Business Insurance in New Zealand
If you own a small business, there's no denying one of the most important things you need to protect is your business assets with Small Business Insurance . But what kind of insurance do you actually need? There's no ' ...
read moreInsurance for Shop Owners
... of your professional services Known claims and circumstances Cyber Liability insurance* As a shop owner, it is likely ... to consider Professional Indemnity insurance*. Professional Indemnity (PI) insurance is an important ...
read moreInsurance for Immigration Advisers
... . PI Insurance will also assist with the legal costs associated with responding to or managing claims which are covered by the policy. Below is an example of some of the other things your Professional Indemnity insurance ...
read moreInsurance for Consultants
... Many consultants consider these and other policies: Professional Indemnity Giving advice or providing recommendations doesn't come without risk. That's why Professional Indemnity (PI) insurance is designed to provide the ...
read moreWhat does Public Liability Insurance Cover?
GET QUOTES & BUY What does Public Liability Insurance cover? What does Public Liability Insurance cover? Need business insurance? Compare quotes from NZ insurers, then buy online in minutes. What is Covered? When would I ...
read morePublic Liability Insurance
... 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 ...
read moreTurn 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 ...
read moreWhat does Professional Indemnity Insurance cover?
Professional Indemnity 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 ...
read moreAn Accountants Guide to Understanding Public Liability Insurance
... typically covers and excludes. Let's see what Professional Indemnity insurance typically provides cover for. Professional Indemnity Professional Indemnity (PI) insurance is an important form of protection for businesses ...
read moreAn Accountants Guide to Professional Indemnity Insurance
Crunching numbers and helping your clients with their accounting queries is all in a day's work as an accountant. But even with all the years of experience, training and education, mistakes can happen when you least ...
read moreAn Engineers Guide To Understanding Professional Indemnity Insurance
... . PI Insurance will also assist with the legal costs associated with responding to or managing claims which are covered by the policy. What a policy typically covers Each Professional Indemnity insurance policy will ...
read moreA Graphic Designers Guide To Professional Indemnity Insurance
... advice. PI Insurance will also assist with the legal costs associated with responding to or managing claims which are covered by the policy. What it typically covers While each Professional Indemnity insurance policy is ...
read moreBusiness Insurance Health Check Part 2
... business activities. Professional Indemnity insurance* : Professional Indemnity (PI) insurance is an ... in the wording, anywhere in New Zealand. Cyber Liability insurance* : Covers you for losses from claims arising ...
read more4 Things To Check Before Buying Your Business Insurance
... business activities. Professional Indemnity insurance* : Professional Indemnity (PI) insurance is an ... in the wording, anywhere in New Zealand. Cyber Liability insurance *: Covers you for losses from claims arising ...
read moreWhat Is The Difference Between Public Liability And Professional Indemnity Insurance?
... advice. PI Insurance will also assist with the legal costs associated with responding to or managing claims which are covered by the policy. Unlike Public Liability insurance, Professional Indemnity insurance is designed ...
read moreInsurance for Contractors
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... PI Insurance will also assist with the legal costs associated with responding to or managing claims which are covered by the policy. What does Professional Indemnity insurance ... Zealand. Cyber Liability insurance* Design ...
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... PI Insurance will also assist with the legal costs associated with responding to or managing claims which are covered by the policy. Here are some examples of the common scenarios when a Professional Indemnity insurance ...
read moreWhy Do Marketing Consultants need Professional Indemnity Insurance?
... how Professional Indemnity insurance * and other business insurances can help safeguard your marketing consultancy business. Professional Indemnity * Explained Professional Indemnity (also known as PI) insurance is ...
read moreStatutory Liability Insurance
... policy. To find out how much Statutory Liability insurance may cost your business get a quote today What is the difference between Professional Indemnity and Statutory Liability Insurance*? These two types of insurance ...
read moreThings to consider when purchasing business insurance
... insurance products available: Professional Indemnity insurance *: ... Insurance policy can also cover your portable equipment, and loss of revenue due to business interruption in specified circumstances. Cyber Liability ...
read moreA Tradies Guide To Getting Your Business Insurance Sorted
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read moreA Management Consultants Guide to Professional Indemnity Insurance
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read moreWhy Engineers Might Consider Professional Indemnity Insurance
... Professional Indemnity insurance? Professional Indemnity insurance provides indemnity for professional errors and negligence. Importantly, it provides legal ... profession that requires practitioners to be registered with ...
read moreA Management Consultants Guide to Professional Indemnity
... pearls of wisdom to others. Professional Indemnity (PI) insurance is an important form of ... insurance provider for more information. Professional Indemnity insurance policies usually cover the following events: Legal ...
read moreInsurance for Sole Traders
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read moreInsurance for Carpenters
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read moreUnderstanding 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 . N o matter how professional you may be, all it takes is one dissatisfied client for you to ...
read more5 Things for Accountants to Consider When Applying for Professional Indemnity Insurance
... policies may also provide coverage for the following: Damages and claimant costs awarded against the insured Legal ... to arrange an appropriate type of Professional Indemnity insurance policy for your business. There are ...
read moreCyber Liability Insurance
... costs of repairing the damage and the legal costs associated with a data breach can ... Cyber Liability insurance policy cost? Like other business insurance policies, the cost of your actual Cyber Liability insurance policy ...
read moreCyber Liability Insurance Explained
... Cyber Liability insurance typically cover? Cyber liability insurance is a type of business insurance which protects your business against both the legal ... one size fits all Cyber Liability insurance policy, so the actual ...
read moreWhat do you need to know about Professional indemnity insurance?
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read moreAn Accountants Guide to Understanding Cyber Liability Insurance
... ) • Legal costs from any ensuing civil action taken against you or your company What is typically covered by a Cyber Liability insurance policy? If you are unsure of what your specific Cyber Liability insurance policy ...
read moreA Designer's Guide To Understanding Cyber Liability Insurance
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read moreUnderstanding Insurance, Part 4: Cyber Liability Insurance
... is Cyber Liability insurance? Cyber Liability Insurance protects your business against the expense and legal costs ... a cyber incident? To understand if a Cyber Liability policy would be beneficial to your business, ask ...
read moreThe difference between public liability and professional indemnity insurance
It's important to understand the difference between Professional Indemnity and Public Liability insurance as the two types of cover can often cause confusion. Whilst both covers protect your business against legal action ...
read moreUnderstanding Cyber Liability Insurance – A Guide For Engineers
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read moreBizCover adds Ando Insurance to its NZ business insurance platform
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read moreTradie Guide to Professional Indemnity Insurance
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read moreCyber Insurance - Is it worth it?
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read moreWhat is Public Liability Insurance?
GET QUOTES & BUY What is Public Liability Insurance? GET QUOTES & BUY What is Public Liability Insurance? What Is Public Liability Insurance? Need business insurance? Compare quotes from NZ insurers, then buy online in ...
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... Cyber Liability* Cyber liability insurance is a type of business insurance product which covers your business against both the legal ... things like your home and contents insurance policy may not extend to provide cover for ...
read moreWhat Is Inside A Business Insurance Pack?
We'll give you a hint, it's not fish and chips! A Business Insurance* pack offers a variety of different insurance options for the unique needs of small business owners out there. To help you get a better understanding ...
read moreDo I need Business Insurance
GET BUSINESS INSURANCE Do I Need Business Insurance? Do I need Business Insurance ? From accountants to tradies, hairdressers and personal trainers, no matter what kind of business you run, there is always some element ...
read moreInsurance for Engineers
... Insurance for Engineers Professional Indemnity Professional Indemnity provides indemnity for professional errors and negligence. Importantly, it provides legal ... Liability policy. The policy covers your legal defence costs ...
read moreHow much does Public Liability Insurance cost?
... data being based on stand-alone Public Liability policies, as opposed to the Liability packages that we have negotiated with our insurers to combine Professional Indemnity and Public Liability cover which offer much more ...
read moreInsurance for Beauty Salons
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read moreWhat does business insurance cover
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... is located can affect the pricing of your business insurance premium. Some areas may be deemed a higher risk ... business premises When you take out your business insurance policy, there are usually a series of questions that ...
read moreHow to Protect your Business from Breaches of the Law
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read moreWhat Photographers Need to Know About Business Insurance
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read moreWhy businesses in New Zealand need to consider Statutory Liability insurance
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read moreWhat every New Zealand tradie needs to know about insurance
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read moreHow Accountancy Insurance Protects Your Business
Due to the nature of the work they perform and the regulatory and compliance environment they operate in, accountants are often process driven and risk-averse by nature. Minor accounting errors can cause havoc to a ...
read moreRetailer Insurance
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read moreAn Engineers Guide To Understanding Public Liability Insurance
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read moreSmall Business Insurance: Why you might want to ensure you're covered!
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read moreDo I need Public Liability Insurance?
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read moreUnderstanding Employers Liability Insurance
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read morePublic Liability Insurance Explained
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read moreInsurance For Cafes and Restaurants
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read moreBusiness Insurance FAQs
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read morePortable Equipment Insurance, A Guide For Contractors
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read moreReviews related to PI Insurance NZ Solo Practitioner
-
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
What does Professional Indemnity insurance cover?
- Damages and claimant costs
awarded against the insured - Legal and defence costs
- Claims investigation costs
- Inquiry attendance costs
- Public relations costs
- Intentional damage
- Known claims and circumstances
- Fraud and dishonesty
- Bodily injury / property damage
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 – the riskier the industry or business, the higher the premium is likely to be
- 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 quickest and easiest way to find out how much a policy would cost for your business is to simply click on the button below to compare quotes.
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No Hassle, No Paperwork, No Delay
A quantity surveyor went to an onsite meeting and misunderstood the verbal description and specifications of the building project. When the time came to pay, the estimate was out by many thousands of dollars.
The Project Manager looked to the quantity surveyor who had made the error and asked him to pay for the variation of cost. The surveyor’s insurer and made a quick settlement offer.
The potential liability in this case was greater than the fees actually earned for the job. Remember, a $1,000 fee contract can potentially generate millions in liability if something goes wrong.**
Could this happen to your business?
While we may strive for perfection, making mistakes is a part of the human condition. But since your clients rely on your advice, a mistake in your line of work could be costly. Professional Indemnity Insurance allows you to cover yourself if, and when, you do slip up in your day-to-day operations.
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.
Why choose BizCover?
As one of New Zealand’s leading online SME business insurance platform, our task is to make Professional Indemnity insurance a stress-free experience. But if you are still not convinced, here are a few other reasons why you should choose BizCover for your PI Insurance.
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Frequently asked questions
It’s a common misconception that Professional Indemnity insurance is only for accountants or, lawyers.. While these professions often do require PI cover, there are many fields that may need the protection Professional Indemnity insurance provides. If your job directly involves providing your professional advice or service, you have a duty of care to your customers.
An example of some professions that may require PI cover are: health practitioners, IT contractors, management consultants, accountants and real estate agents among many others.
Professional Indemnity cover may be necessary for:
- Anyone who provides paid professional advice or services to any business or individual
- Contractors who work for the government or other organisations whereby insurance is mandatory as a condition of the contract
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.
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.
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.
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.
Have a question? Here to help
Visit our Contact Us page, where you can find out how to get in touch with one of our business insurance professionals.
 | Sales Team Enquiry 0800 249 268 Regular Hours: Mon – Fri 9:00 AM – 9:00 PM | Sat 11:00 AM – 7:00 PM |
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.
*This information is a general guide only and does not take into account your objectives, financial situation or needs. 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. BizCover Limited is owned by BizCover Pty Ltd (ABN 68 127 707 975)*
* The provision of the claims examples are for illustrative purposes only and should not be seen as an indication as to how any potential claim will be assessed or accepted. Cover for a claim will depend on the specific circumstances around the loss and would be subject to the terms and conditions of the policy concerned. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained in this article is general only. Coverage for claims on the policy will be determined by the insurer, not BizCover, and will depend on the specific facts and circumstances involved.
