Professional Indemnity Insurance For Project Managers

Professional Indemnity Insurance For Project Managers

What is Professional Indemnity Insurance?

... the estimate was out by many thousands of dollars. The Project Manager looked to the quantity surveyor who had made the error ... liability and professional indemnity insurance - Public Liability and PI insurance are both ...

read more

Professional Indemnity

... the estimate was out by many thousands of dollars.The Project Manager looked to the quantity surveyor who had made the error ... Commission (ACC). Professional Indemnity Professional Indemnity (PI) insurance is an important ...

read more

BizCover & NZTA

... during checkout. Protect your business today. Professional Indemnity Insurance for Tutors We're not trying to ... omissions involving a breach of your professional duty. Having the right PI cover offers you peace of mind ...

read more

Insurance for Mortgage Brokers

... was very professional and easy to follow from original contact to completion Brian L. My workmate (the Project manager that I’m working with) recommended you; he said it was so easy to select the insurance required and ...

read more

How Accountancy Insurance Protects Your Business

... reducing the risks to your accounting firm via the following types of business insurance. Professional Indemnity insurance : Business insurance designed to protect you and your business from any losses which may arise ...

read more

Tradie Guide to Professional Indemnity Insurance

... may lead to financial loss for a client. And this is where Professional Indemnity insurance can reduce your risk. Professional Indemnity insurance protects you against third-party claims, including the costs involved in ...

read more

Insurance for Immigration Advisers

... fundamental types of cover any immigration advisor needs to consider is Professional Indemnity insurance. Professional Indemnity (PI) insurance is an important form of protection for businesses that provide specialist ...

read more

Insurance for Consultants

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

read more

Insurance for Bookkeepers

... in minutes Opportunity to compare and buy PI policies from NZ leading insurers Insurance for Bookkeepers Professional Indemnity insurance compliant with professional association requirements Opportunity to compare and ...

read more

Insurance for Architects & Designers

... to require professional indemnity insurance to cover themselves in person for errors and negligence. Insurance for Architects and Designers Professional Indemnity Professional Indemnity (PI) insurance provides essential ...

read more

Insurance for Real Estate Agents

... open houses and inspections! Understanding insurance-part 2: Professional Indemnity insurance https://www.bizcover.co.nz/understanding-insurance-part-two-professional-indemnity-insurance/ Ever wanted to understand the ...

read more

Insurance for Engineers

... and need your expertise when it comes to different projects. From those vital initial stages of the planning and ... Insurance for Engineers Professional Indemnity Professional Indemnity provides indemnity for professional ...

read more

Insurance for Allied Health Professionals

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

read more

Insurance for Accountants & Tax Agents

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

read more

Insurance for Travel Agents and Tour Operators

... to happen no matter how careful you may be. This is where Professional Indemnity insurance comes into play. Professional Indemnity (PI) insurance is an important form of protection for businesses that provide specialist ...

read more

Insurance for Recruitment Consultants

... services employee relations change management psychological testing training & induction Professional Indemnity Insurance for Recruitment Professionals PI insurance is designed to indemnify the insured for a claim that ...

read more

Insurance for Personal Trainers

... where you are faced with a claim. That's why Professional Indemnity insurance becomes an important cover to consider. Professional Indemnity (PI) insurance is an important form of protection for businesses that provide ...

read more

Insurance for Beauty Salons

... ? To be a member of The New Zealand Association of Registered Beauty Professionals, it is compulsory to hold Professional Indemnity insurance. Insurance for Beauty Salons Professional Indemnity The joys of being a beauty ...

read more

Understanding the risks for Real Estate Agents

... share information that is not accurate, you may be at risk of a claim occurring. Professional Indemnity Insurance can protect you against the risks associated with the provision on real estate services. Data protection ...

read more

Insurance for IT Professionals

... Insurance for IT Professionals Professional Indemnity Insurance Professional Indemnity (PI) insurance provides essential financial protection for IT Professionals ... & Placement Services Project Management Software ...

read more

BizCover and NSNZ

... Details of Cover COVER LIMIT OF INDEMNITY EXCESS ANNUAL PREMIUM Professional Indemnity $1Million any one claim, $2M ... to get in touch with one of our business insurance professionals. You can also access quick links to our ...

read more

BizCover and Reflexology NZ

... cover for Professional Indemnity and Public Liability. Professional Indemnity Protects against financial ... to get in touch with one of our business insurance professionals. You can also access quick links to our self ...

read more

How To Start a Psychology Practice

... own psychology practice in New Zealand. Two common types of psychologist insurance include: Professional Indemnity*: Professional Indemnity insurance covers claims against your business for losses that result from actual ...

read more

What Risks Do Psychologists Face?

... as part of the risk management strategy for their psychology practice. Professional Indemnity* Professional Indemnity insurance covers claims against your business for losses that result from actual or alleged negligent ...

read more

What are the Risks in Running a Yoga Studio?

... liable. Professional indemnity incidents Professional indemnity incidents are incidents directly related to the professional services or advice that you provide to your clients. Professional Indemnity insurance for Yoga ...

read more

What Insurance Policies do Yoga Studios Need?

... advice or them misinterpreting your instructions could lead to a negligence claim (even an unfounded one). Professional Indemnity insurance offers important protections for businesses that provide specialist services or ...

read more

What Insurance do Beauty Salons Need?

... you are a member of the New Zealand Association of Registered Beauty Professionals (or want to be), you must have Professional Indemnity insurance. Other forms of coverage, such as Public Liability, may be a requirement ...

read more

How Insurance Can Protect Landscape Architect

... Indemnity insurance in action Take this example of a landscape architect hired by a government agency to supervise and work on a public parks project*. After the project ... . Without Professional Indemnity insurance, this ...

read more

Insurance for Sole Traders

... mind knowing that your valuable tools are protected. What Insurances Do Sole Traders Need? Professional Indemnity insurance* Professional Indemnity (PI) insurance is something that sole traders may need to consider when ...

read more

Insurance for Contractors

... start a project, you may want to check the contract to see if there's an insurance obligation that you must meet. Insurance for Contractors Professional Indemnity* Professional Indemnity (PI) insurance is an important ...

read more

Insurance for Psychologists

... you might consider these types of insurance: Professional Indemnity* Clients trust you to provide ... delay or turn down projects until you have what you need to get the job done. Portable Equipment insurance covers you for ...

read more

Insurance for Carpenters

... on. But mistakes happen. Even a small error or misstatement could throw an entire project out of joint. Professional Indemnity insurance is designed to respond to claims against your business for losses caused by actual ...

read more

Insurance for Counsellors

... you may need to consider when working as a counsellor. Professional Indemnity insurance* Professional Indemnity (PI) insurance is an important form of protection for businesses that provide specialist services or ...

read more

Insurance for Designers

... the design aspects of their project or product. This is where Professional Indemnity insurance becomes an important form of ... in the provision of your professional service or advice. PI Insurance will also assist with the ...

read more

Insurance for Mechanics

... could backfire, resulting in a costly claim. This is where Professional Indemnity insurance can provide protection. Professional Indemnity (PI) insurance is an important form of protection for businesses that provide ...

read more

Insurance for Education Consultants

... claim. This is where it is important to consider how Professional Indemnity insurance can safeguard your business. Professional Indemnity (PI) insurance is an important form of protection for businesses that provide ...

read more

Help Protect your small business' reputation

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

read more

Insurance for Shop Owners

... your customers with products, if you provide professional advice or services you may want to consider Professional Indemnity insurance*. Professional Indemnity (PI) insurance is an important form of protection for ...

read more

What does Public Liability Insurance Cover?

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

read more

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 ...

read more

BizCover and Massage New Zealand

... Professional Indemnity , Public Liability , Statutory Liability and Employers Liability . Professional Indemnity ... to get in touch with one of our business insurance professionals. You can also access quick links to our ...

read more

Business Insurance FAQs

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

read more

Turn your side hustle into a small business

... consider if 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 ...

read more

Why You Should Review Your Business Insurance

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

read more

Work Smarter as a Massage Therapist

... in financial damage to the client, you could be liable to have a claim made against you. Professional Indemnity insurance can protect you against losses claimed by a third party due to alleged or actual negligence or ...

read more

Hair Salon Business Tips

... were made against you. This is why an important type of insurance for beauty salons is Professional Indemnity insurance *. Professional Indemnity cover is designed to protect your business against claims for negligence ...

read more

How to Market Your Hair Salon Business

... . To be considered a member of the non-profit organisation, you must hold an active Professional Indemnity insurance* policy. Professional Indemnity cover is designed to protect your business against negligence or ...

read more

Do Hypnotherapists need Business Insurance?

... loss if that advice is misinterpreted, or they feel you acted negligently while treating them. Professional Indemnity insurance covers you for losses claimed by a third party due to alleged or actual negligence in ...

read more

4 Tips For Starting An Online Business

... perhaps even more essential. Having small business insurance in place can help protect your online business ... professional advice, you have a duty of care to your clients. This is where a Professional Indemnity policy ...

read more

Business Insurance Health Check Part 2

... like: You may be taking on bigger client projects, producing more products or working on more business sites ... business activities. Professional Indemnity insurance* : Professional Indemnity (PI) insurance is an important ...

read more

Insurance for Yoga Teachers

... you meant no harm, these types of events can lead to claims of negligence, no matter how unfounded. Professional Indemnity insurance covers losses claimed by a third party due to actual or alleged negligence in your ...

read more

Insurance for Massage Therapy

... to negligence claims that could potentially cripple your small business and ruin your reputation. Professional Indemnity (PI) insurance covers you for losses claimed by a third party due to actual or alleged negligence ...

read more

How much does Public Liability Insurance cost?

... negotiated with our insurers to combine Professional Indemnity and Public Liability cover which offer much more competitive premiums. It is also important to note that each insurance company assesses risk in different ...

read more

What is Public Liability Insurance?

... small business needs. The difference between public liability and professional indemnity insurance - Public Liability and Professional Indemnity insurance provide different forms of protection to small businesses that ...

read more

Statutory Liability Insurance

... Indemnity insurance 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 ...

read more

Tips To Find Your First Clients As A Contractor!

... your business and work up with the protection provided by different types of policies, like Professional Indemnity and Public Liability insurance. From a potential client's point of view, it also means that you value ...

read more

How to Start a Sole Trader Business

... on the market. Some of the typical kinds of business insurance include: Public Liability insurance* Professional Indemnity insurance* Business Insurance* Cyber Liability* Setting up your own sole trader business doesn ...

read more

How To Start An Engineering Firm

... out from the crowd as an engineering business? What projects and opportunities does your business plan on working on ... your own Professional Indemnity insurance* policy. To get an accurate idea of how much insurance for ...

read more

Do I need Business Insurance

... might be a requirement. These are some examples: Professional Indemnity insurance* may be a requirement to join certain professional memberships and industry bodies. Always check what the minimum amount of cover ...

read more

Insurance by Industry

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

read more

BizCover and Boost Your Business

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

read more

Reviews related to Professional Indemnity Insurance For Project Managers

  • 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.

Compare and Buy Insurance Online

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.


10,000 Small Businesses
We have helped already… and counting.


Compare Quotes
Our platform is designed to help you compare quotes and get the right cover you need


Built for Small Business
We know insurance and what makes small businesses tick.


No Jargon
We’re not fans of complicated insurance speak, so we talk to you in plain English.

Hear from our customers

How it works?

4 easy steps to get covered and secure your business at BizCover

Select your occupation

Enter your business details

Compare & select quote

Get covered In 5 minutes

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.

Compare and Buy Insurance Online No Hassle, No Paperwork, No Delays!

Compare and Buy Insurance Online
No Hassle, No Paperwork, No Delays!

Popular Searches