PI Insurance NZ Solo Practitioner

PI Insurance NZ Solo Practitioner

GET INSTANT QUOTES Multiple quotes from some of NZ’s leading insurers Compare and buy online No hassle, no paperwork, no delays

Professional Indemnity Insurance

Professional Indemnity Insurance GET INSTANT QUOTES Multiple quotes from some of NZ's leading insurers Compare and buy online No hassle, no paperwork, no delays What’s included? Get the right cover Professional Indemnity ...

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What is Professional Indemnity Insurance?

GET PROFESSIONAL INDEMNITY INSURANCE What is Professional Indemnity Insurance? What is Professional Indemnity Insurance? Professional Indemnity insurance is designed for professionals who provide advice or a service to ...

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BizCover & 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 ...

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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 relationships with your customers and clients, but ...

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Insurance 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 ...

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Insurance 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 ...

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Insurance 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 ...

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Public 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 ...

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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 ...

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Statutory 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 ...

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What does Public Liability Insurance Cover?

GET PUBLIC LIABILITY INSURANCE What does Public Liability Insurance cover? What is Covered? When would I need Public Liability insurance? What could cause a claim? What is typically NOT covered by Public Liability ...

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Cyber 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 ...

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Cyber 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 ...

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Insurance for Mortgage Brokers

... Without professional indemnity insurance coverage, you could find yourself personally liable for any associated legal bills ... cybercrime covered under your policy. What is covered? A Cyber Liability policy can help protect ...

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Cyber Insurance - Is it worth it?

... be coveredby your Business Interruption policy.This is where Cyber Liability insurance provides cover. Cybercrime is a ... New Zealand, make sure that you check the legal requirements when it comes to privacy and security of ...

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How Cyber Insurance Protects Small Businesses

... and even the best security systems are vulnerable to infiltration. However, a good Cyber Liability policy as part of a broader business insurance plan will go a long way towards ensuring small and medium sized businesses ...

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Retailer Insurance

... , natural catastrophes or vandalism. Building : The policy covers the building and structure of your shop ... claims. However, with Cyber Liability insurance in place, you may be covered for legal costs and expenses related ...

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Business Insurance

... 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 ...

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Insurance Options for Retailers

... ) caused by your products Some Public Liability insurance policies include cover for Product Liability cover. Money ... daily tasks of running your business. Cyber Liability insurance is designed to help protect your retail ...

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What is Public Liability Insurance?

GET PUBLIC LIABILITY INSURANCE What is Public Liability Insurance? Do I need Public Liability Insurance Claim Example What is Public Liability Insurance? Public Liability insurance protects you and your business against ...

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Do 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 ...

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Insurance 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 ...

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Insurance by Industry

GET INSURANCE QUOTES Insurance by Professions Insurance by Professions BizCover understands the insurance needs of professionals, which is why our comprehensive insurance offer includes Professional Indemnity insurance, ...

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Insurance for Photographers

... negligent business activities. Public Liability insurance also picks up legal costs that you may incur ... , both in your studio and work vehicle? Your policy wording is likely to explain how your portable property is ...

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Insurance for Beauty Salons

Insurance for Beauty Salons GET INSTANT QUOTES Combined Liability Package Instant online purchase - no paperwork Meets requirements of NZ Association of Registered Beauty Professionals Insurance for Beauty Salons ...

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Insurance for Handyman

... or other insured event occurs. A Business Insurance policy can also cover your portable equipment, ... how to get in touch with one of our business insurance professionals. You can also access quick links to our self ...

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How 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 ...

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What is Business Insurance

GET BUSINESS INSURANCE What Is Business Insurance? What is Business Insurance? Business Insurance is an insurance package designed to provide cover for your business contents, stock, tools and commercial premises when an ...

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Employers Liability Insurance

... cover the costs of an ensuing legal claim? Or would those legal costs have the potential to bankrupt ... Latin, look elsewhere. How do I make a claim on my insurance policy? Are you an employer that needs to make a claim? ...

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Do I need Public Liability Insurance?

... Liability insurance a legal requirement? Do I need Public Liability Insurance Insurance? Public Liability insurance* is ... differing amounts. How much does it cost? No two policies are the same, and the same goes for pricing ...

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Business Insurance FAQs

GET BUSINESS INSURANCE Business Insurance FAQs Business Insurance FAQs Got questions about Business Insurance? We've got the answers! Check out our library of FAQ's designed to make insurance easy to understand. What is ...

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What does business insurance cover

GET BUSINESS INSURANCE What Does Business Insurance Cover? What does business insurance cover? Every business is different, with their own unique insurance needs and exposures to risk. From coverage for stock to shop ...

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Why You Should Review Your Business Insurance

... Professional Indemnity Insurance will also assist with the legal costs associated with responding to or managing claims which are covered by the policy. Business Insurance ... Equipment * Cyber Liability Insurance* - Covers ...

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Understanding Employers Liability Insurance

... policy: What is typically covered? Costs of settlement or damages arising from claims for personal injury to employees in the course of employment Legal ... , Professional Indemnity and other Business Insurance options ...

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Public Liability Insurance Explained

... third parties where the ACC does not provide cover Legal and defence costs What is typically NOT covered? ... may be required to have an active Public Liability insurance policy to work on certain contracts. Be sure to always ...

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Insurance for Plumbers

... a result of your business activities. It covers your legal and defence costs, as well as compensation awarded to ... theft or even accidental damage). A Business Insurance policy can also cover your portable equipment, and ...

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Insurance For Cafes and Restaurants

... the course of the Insured’s business. The policy will meet fines and penalties payable in specified circumstances and related legal expenses. FAQ's How much does Restaurant and Café Insurance cost? No matter if you are a ...

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Insurance for Painters

... parties where the ACC does not provide cover Legal and defence costs What is typically NOT covered? ... you list on your Tool and Portable Equipment insurance policy The nature of your business activities The location of ...

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Insurance for Cleaners

... parties where the ACC does not provide cover Legal and defence costs What is typically NOT covered? ... size fits all business insurance policy for cleaners. The actual cost of your business insurance policy will depend on a ...

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Tool and Portable Equipment Insurance

Tool and Portable Equipment Insurance GET INSTANT QUOTES Multiple quotes from some of NZ's leading insurers Easy online purchase-no paperwork required Public Liability and Tool Insurance What's typically NOT covered*? ...

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Introducing Work From Home Insurance

... Daily allowance during your time away • Change of legal name (if necessary) No longer worry that your ... with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The ...

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Insurance for Tradesmen

... gets thrown into the works, that's where business insurance can help save the day. Maybe you're running a ... , look elsewhere. How do I make a claim on my insurance policy? Are you a tradie that needs to make a claim? ...

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Insurance for Hairdressers

... third parties where the ACC does not provide cover Legal and defence costs What is typically NOT covered? ... covered under your policy. Why do hairdressers need business insurance? Business insurance is there to provide ...

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Complete Guide to Business Insurance

There are many moving parts that help to keep your business running. Things like your office furniture, portable equipment, stock and even your business premises are all things you rely on and being without them is a ...

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It's Time for an Insurance Health Check!

... there may be considerations for your insurance . Firstly, do you have ... insurance is written on a claims made basis, which means that the policy provides cover only for claims made during the policy period. Having a policy ...

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What does Public Liability Insurance Cover?

No matter how big or small your business is, accidents can and do happen. Public Liability insurance* provides peace of mind for claims for third party property damage or personal injury. If you deal with people in any ...

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BizCover and NZ Retail

... gradual impairment injuries)). Cyber Liability* Cyber Liability** insurance is designed to help ... purchase a new business insurance policy with AIG or DUAL, excluding business insurance package policies. Cannot be used in ...

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Reviews 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

  • Got my PI cover sorted within 15 mins over the phone.

    Kaushalya Samarasekera
    Information Technology

  • All questions answered Options of various policies explained thoroughly

    Rangi Monga
    Allied Health

  • very easy to renew policy, no dramas or hold-ups. I didn't have to waste my time with petty details.

    Andrew Barrell
    Other

  • Was an easy experience to update and re new policy

    Jamie Ewen
    Information Technology

  • Prompt response to my initial enquiry and subsequent questions about the policy.

    Carol Freebairn
    Trades & Services

  • 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.

Real-life claim example

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.

Protect your business today.

Frequently Asked Questions (FAQs)

Do I really need Professional Indemnity Insurance?

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 practitionersIT contractorsmanagement consultantsaccountants 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

 

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.

Why choose BizCover for your Professional Indemnity Insurance?

At BizCover, our task is to make Professional Indemnity insurance a stress-free experience. Our platform is designed to help you compare quotes and get the right cover you need so you can get back to more important things like running your business. But if you are still not convinced, here are a few other reasons why you should choose BizCover for your PI insurance.

New Zealand’s number one online insurance company

We take pride in the 10,000 small businesses we have helped already… and counting.

Clear and competitive pricing

Our platform is as clear as the Aotearoa air and as competitive as the All Blacks. You can compare and choose from a range of competitive prices right there on your screen.

Built for small business

We know insurance and what makes small businesses tick.

We won’t confuse you with jargon

We’re not fans of complicated insurance speak, so we talk to you in plain English. If you want to brush up on your Latin, look elsewhere.

How do I make a claim on my insurance policy?

Need to make a claim? No dramas! We’re here to assist you through the process and get you back to business. Simply download, complete the Claim Notification Form and return to [email protected] We’ll manage the process with the insurer for you, while our dedicated claims consultants keep you informed every step of the way. Alternatively, if you would like to contact us by phone, our customer service team are here to help you on Ph. 0508 249 268.

*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.

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. 

 

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