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Professional Indemnity Claims: when should I notify my insurer?

... service to your clients, your Professional Indemnity (PI) insurance is no doubt one of ... much needed financial assistance for legal and compensation ... 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 ...

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How the cost of Professional Indemnity insurance is calculated

... how the cost of a Professional Indemnity (PI) insurance policy is calculated and why one ... that impact the cost of Professional Indemnity insurance ... 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 ...

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The difference between public liability and professional indemnity insurance

... Professional Indemnity and Public Liability insurance ... legal action they offer different forms of protection. Public Liability 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 ...

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

Buying any insurance, can be a confusing and ... it comes to getting your Professional Indemnity Insurance, it can be even more ... comes time to get ... are required to provide information on your professional indemnity insurance. Investigate and make sure to look ... to your business and may need to consider a cyber liability policy. It's important to look at the whole scope ...

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What do you need to know about Professional indemnity insurance?

Professional Indemnity Insurance (PI) can be ... we explain what professional indemnity insurance is and why it ... business. What is Professional ... need to look at your policy wording to look at what specifically is covered). Misconceptions Around Professional Indemnity Insurance A common misconception professional indemnity insurance claims only arise because the ...

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Understanding Insurance, Part Two: Professional Indemnity Insurance

... . Fortunately, this is where Professional Indemnity insurance can provide protection when you ... part two of our Understanding 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 takes is one dissatisfied client for you to potentially ...

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Why Do Marketing Consultants need Professional Indemnity Insurance?

... investing in the right business insurances can save your business when ... ... Professional Indemnity Insurance will also assist with the legal costs associated with responding to or managing claims which are covered by the policy ... back on your feet. Cyber Liability insurance* When you are dealing ...

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Professional Indemnity Insurance

... , if not more. Even if you are not found liable, the legal costs of defending yourself could seriously affect your business.Professional Indemnity Insurance (PI) is designed to protect you and your employees by providing ...

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What is Professional Indemnity Insurance?

What is Professional Indemnity Insurance? Professional Indemnity insurance is designed for professionals who provide advice or a service to their clients. If someone alleges that you've made a mistake, overlooked a ...

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Types of small business insurance in New Zealand

... is Small Business Insurance. But what kind of insurance do you actually ... 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 do you actually need? There's no 'one-size-fits-all' ...

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

... common issues with Business Insurance is that policy owners often fail to ... of what's in your policy is great (that's why ... ... . 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 ...

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Key things to look out for when Growing Your Small Business

... management, however, and a tailored insurance [] There comes a time when every successful enterprise needs to ditch the baby steps, put it all on the line, and take a giant leap forward. At that point, the decisions you make will determine whether the next phase ...

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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 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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Cyber Liability Insurance - the Safety Net Small Businesses Need

... this year that cybercrime over NZ computers and networks has more ... ... Cyber Liability insurance provides a crucial safety net for SMEs in NZ, as it helps cover businesses against the expenses and legal ... , a good Cyber Liability policy as part of a broader business insurance plan will go ...

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Cyber Liability Insurance

... stolen, the costs of repairing the damage and the legal costs associated with a data breach can have a ... annually* Cyber Liability Insurance is designed to protect your business against the expense and legal costs arising ...

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Insurance for Consultants

... choosing-the-right-business-structure/becoming-a-sole-trader/ Insurance for Consultants Professional Indemnity Giving advice or providing recommendations doesn't come without risk. That's why Professional Indemnity (PI ...

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Insurance for Immigration Advisers

... Professional Indemnity (as at July 2017). Insurance for Immigration Advisers Professional Indemnity Insurance Professional Indemnity (PI) insurance ... professional indemnity policies specifically designed to meet the law ...

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

... and leading provider of online professional indemnity insurance, has announced today the launch ... online platform: www.BizCover.co.nz. Following ... policies sold in the past two years), BizCover.co.nz provides professional indemnity insurance ... appropriate cover in just minutes, and receive their policy documentation instantly after purchase, without hassles, forms ...

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BizCover expands its insurance offer and launches a new look

... to compare and buy professional indemnity and business insurance online Sydney, Australia - ... and leading provider of online professional indemnity ... no delays on their policy documentation. BizCover's 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 ...

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Insurance Options for Retailers

... wrong. Having the appropriate retailers insurance in place to protect your ... ... 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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Things you didn't know about small business insurance

Getting the insurance sorted for your small business ... , compare quotes and buy the insurance that suits your business. But ... business insurance ... you work from home, your home and contents insurance policy might not cover all the liabilities related to your ... may require you to have Professional Indemnity cover. Make sure your policy stays relevant and on the move ...

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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 ... A comprehensive business insurance policy for any engineering ...

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Insurance for Mortgage Brokers

... result in your client suffering a financial loss. Without professional indemnity insurance coverage, you could find yourself personally liable for any associated legal bills and the full cost of any claim made against ...

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Insurance by Professions

... 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 ...

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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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Insurance for Beauty Salons

... policy and in the bat of an eyelash you can be covered instantly. Did you Know? To be a member of The New Zealand Association of Registered Beauty Professionals, it is compulsory to hold Professional Indemnity insurance ...

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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, storms ... to the policy wording. ... 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 ...

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Insurance options to protect your cleaning business

... your business has the right insurances in place for when things ... ... Even if you are flying solo as a cleaning business, Public Liability insurance is still something you need to ... any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording ...

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Business Insurance

... include Public Liability Insurance to ensure you are left financially sound for the costs of a legal claim should a ... breakdown caused by an event defined in your policy. Money Covers money belonging to your business that ...

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Public Liability Insurance

... about is paying hefty legal costs should an unwanted accident occur. Public Liability Insurance, often referred to ... 2 million, $5 million, and $10 million. Policies are typically tailored to suit the type of industry ...

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

... feel about their expensive, archaic policies and encouraged them to get ... previously victims of their old policies, that have decided to take ... a very dramatic fashion - said she'd throw her old policy into the log burner, all the while sipping on a cabernet ... old policy. Thankfully with BizCover, there's no nasty paper policies. Just hassle-free insurance, online ...

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Understanding Insurance, Part One: Public Liability Insurance

... understand the importance of business insurance and the different kinds of ... off our series of Understanding Insurance [] ... party, resulting from your business activities. Public Liability insurance covers you: If you work from a home- ... not provide cover Legal and defence costs A Public Liability Insurance policy will typically not cover ...

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What does Public Liability Insurance Cover?

Public Liability Insurance protects you and your business ... ... financial repercussions can be devastating. If one considers the legal defence costs alone, these could put you out of ... you face the risk of legal action. Public Liability Insurance protects you against claims from ...

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Employers Liability Insurance

... we plan, accidents do occur. Employers Liability insurance protects you against settlements or damages, including ... injury to employees in the course of employment Legal costs incurred as a result of defending these ...

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Statutory Liability Insurance

Statutory Liability Insurance For Your Business New Zealand businesses are facing increased exposure to statutory ... actions in the workplace. Statutory Liability Insurance protects you, your business and your employees ...

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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 businesses ... management plan, as it provides protection against the expense and legal costs associated with data breaches. Having cyber can help ... loss of sales. Having a Cyber Insurance policy can provide you cover for the following ...

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BizGiver launch in NZ: Granting a $2000 wish this spring

Ask any small business owner about the most difficult aspect of running a business and you'll most likely get a range of answers. However, there is common one thing that ... business, and they need not be a policy holder with BizCover's insurance service to win. “So much of ... less, even if you're a one-man band. Have a valid NZ company number- to validate that you are an actual business. Wish ...

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Diwali Customer Spotlight - Kavita's Kitchen NZ

The origin of Diwali stems from celebrations that would occur to mark the last harvest before winter. In Indian agricultural society, as the end of the financial year ... Zealand-based customers - and the latest recipient of the NZ BizGiver Grant - Kavita Anand. Earlier this year, Kavita ... to start her own business - Kavita's Kitchen NZ. Family-owned and based in Wellington, Kavita credits ...

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What is Public Liability Insurance?

... insurance company will provide much needed funds to cover your legal costs and any compensation claims, leaving your Most public liability policies ... the right amount of Public Liability insurance, or worse, didn't have ...

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It's Time for an Insurance Health Check!

The end of financial year is a time for people to plans for the new financial year ahead. It's also a great time for business owners to take stock and do a bit of planning ... may be considerations for your insurance. Firstly, do you have the ... 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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5 Money Saving tips for Small Business in NZ

Most small business owners are conscious of their cash flow. Whether you are just starting out or have been in business a while, you'll want to make sure every dollar Most small business owners are conscious of their cash flow. Whether you are just starting out or have been in business a while, you'll want to make sure every dollar goes as far as possible. Here are 5 tips to help you ...

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Insurance for Painters

... own insurance, it is likely you are not covered by their policy. Public liability policies usually ... or in the event of a fire and other perils. The policy can be completely tailored to meet your specific needs and ensures ...

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Insurance for Hairdressers

... the operation of your business. A Public Liability policy will cover third party property damage and or injury ... to conduct repairs or re-build. Business Interruption insurance can cover the loss of income and some of ...

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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! While ... dreams away. With the appropriate level of Public Liability insurance in place, you are providing a financial safeguard ... insurance, cover will be subject to the terms, conditions and exclusions contained in the policy ...

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Insurance for Tradesmen

... comes down to the nuts and bolts of getting your business insurance sorted out, you can sit back and relax while the BizCover ... wall and hard place by not having Public Liability insurance. It's a crucial form of cover to ...

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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 ... Cyber Liability insurance cover? Cyber Liability is designed to cover your business against the expenses and legal ... which could be in breach of the law: https://www.netsafe.org.nz/ The impact of falling victim to a ...

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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 ... payment for compensation and legal expenses. Ensure your Public Liability insurance policy has adequate cover to ... access systems and data. Therefore, a Cyber Liability insurance policy can act as your safety net against ...

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Tips for making a Stress-Free Claim for your business

... quickly as possible. Making an insurance claim can be stressful - ... ... back up and running as quickly as possible. Making an insurance claim can be stressful - but it doesn't need ... the Terms If you find sitting down to read your insurance policy cover to cover daunting, don't worry, you're ...

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The Art of Celebrating a Win this Winter

In the insurance world, we focus on loss ... ... or your staff happy. If it feels good and it's legal, go for it because that's the point; feeling good about ... t always focus on the negatives. In fact, we see insurance as a hugely positive part of your business plan. But ...

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Customer Spotlight: Mosh

... , we can look after their insurance needs. Today we're looking ... ... butcher shop, your favourite café or the nation's leading social media agency, we can look after their insurance needs. Today we're looking at one of our most distinguished customers, Mosh. Based in Auckland, Mosh is ...

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Introducing our newest cover option: Personal Perishables Cover

... new product: Personal Perishable Insurance. Personal Perishables Insurance covers working individuals for ... ... new type of cover will revolutionise the way insurance covers business individuals. In the past it has ... claims and never at a micro level. This means that insurance and help can be given to business people where they ...

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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 ... it's worth considering cyber insurance for your business. Most cyber insurance policies will not only cover your ... blogs.business.microsoft.com/en-nz/2017/02/27/cyber-crime-on-the-rise-in-nz/ This is general advice ...

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10 Amazing Facts About Small Businesses in New Zealand

With New Zealand ranking #1 in the World Bank's 2017 Doing Business Report this year, it has proven to be an attractive place for small business owners. We have put together ... Kiwi to start a small business: 1. Small business in NZ have good access to financing, with 86% of those who ... your insurance cover regularly. Getting insurance has never been easier - get quotes from top NZ insurers in ...

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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 ... can do to improve its recycling efforts check out recycle.co.nz for more details. Make the switch Get into the habit ... Educate your staff about recycling and environmental policies within your workplace. This could be as ...

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World Chocolate Day Customer Spotlight - The Cookie Project

Here at BizCover, any opportunity for us to brag about how awesome our customers are, we'll take it. With today being World Chocolate Day, what better time is there to ... are the only commercial cookies using the best butter in NZ by Lewis Road Creamery. It is free of preservatives, ... (who also hire Kiwis with disability) to create NZ's very first Edible Cookie Cup. You'll be able ...

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International Cookie Day Customer Spotlight - The Cookie Project

Here at BizCover, any opportunity for us to brag about how awesome our customers are, we'll take it. With today being International Cookie Day, what better time is there ... the most delicious butter cookies (or shortbread) that NZ has to offer by collaborating with iconic Kiwi ... are the only commercial cookies using the best butter in NZ by Lewis Road Creamery. It is free of preservatives, ...

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Masters of maintenance kick start their new business with BizGiver Grant

Wellington-based new kids on the building block JAW Maintenance, are off to a winning start as receivers of the $2000 BizGiver Grant. Can they fix it? Yes, they can! ... winner of the BizGiver Grant! You've got to be in it to win it, so head over to bizcover.co.nz/bizgiver and share your small business wish (maybe you need new equipment, extra training for staff, or some new tools) to be ...

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Customer Spotlight: The Goat Farm

Here at BizCover we take great pride in shining a light on some of the customers we serve and being able to showcase the amazing work they do. Today we're looking at ... , and this year shot video content in London of the blending session which has been widely used in editorial media in NZ, Australia and the UK. And now they're working on a gin! Vaughn also had some sage advice to offer ...

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Tips On How To Better Your Business This Year

With 2019 only just getting underway, what better time is there to whip your business into shape for a successful year. Taking the time to review some of your existing ... business insurance policies in place to protect it from unexpected risks. Reviewing your insurance ... the right path when it comes to sorting out your business insurance. A few small changes to your small business can have ...

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Customer Spotlight: TwoBlackLabs

TwoBlackLabs create tailored services to assist clients by managing and making their business' unique security and privacy risk needs easier. They also specialise in ... to ensure that in the event of a claim my business can continue, and my family are not impacted. Insurance allows me to meet my contractual obligations with certain customers” Find out more about TwoBlackLabs here.

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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 get ... has to do it!” Having a large supply of valuable bottles has also motivated McBride to ensure that he has insurances in place to protect his Scotchbox stock. “I chose to insure my business because I want to be protected ...

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Managing the work-life balance see-saw: Secret tips for small business owners.

Owning your small business can feel a bit like a balancing act with the everyday responsibilities of running the show, whilst trying to maintain a healthy lifestyle, ... off your day by setting reminders and scheduling those important tasks, like reminding you when is your insurance up for renewal again. Intrigued? These are some of the impressive capabilities these devices can perform ...

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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 ... long run. At BizCover, we're big believer in saving time and that's why we offer a hassle-free business insurance experience. Jump online or give us a call to receive multiple quotes in minutes from some of New Zealand’s ...

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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

  • Was an easy experience to update and re new policy

    Jamie Ewen
    Information Technology

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

    Andrew Barrell
    Other

  • 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

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

    Carol Freebairn
    Trades & Services

  • 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

  • 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

  • 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

  • Highly recommended way of doing business insurance with out hassles and cost effective

    Peter Digby
    Manufacturing

  • 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

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

    Janette Wallbutton
    Real Estate

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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.