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The difference between public liability and professional indemnity insurance

... understand the difference between Professional Indemnity and Public Liability insurance as the two types ... forms of protection. Public Liability ... Public Liability Insurance VS Professional Indemnity Insurance Public Liability insurance protects you ... have professional indemnity insurance by law An example of some professions that require PI cover are ...

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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 ... ... or a service to your clients, your Professional Indemnity (PI) insurance is no doubt one of the most vital ... that you have complied with the requirements Never admit liability or attempt to resolve a complaint on your ...

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What is Professional Indemnity Insurance?

... we're all human and we all make mistakes. Professional Indemnity Insurance allows you to cover yourself if, and when, ... cost. The surveyor's insurer recognised his liability and made a quick settlement offer. Interestingly ...

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What does Professional Indemnity Insurance cover?

... to defend against the claim of liability. Professional Liability insurance can cover the cost of the ... something which is out of your control. Professional Indemnity insurance enables you to defend your reputation through ...

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Types of small business insurance in New Zealand

... is Small Business Insurance. But what kind of insurance do you actually ... ... or profession involves providing a service or advice, then Professional Indemnity (PI) Insurance is a must have. It protects professionals against liability for damages, and the legal costs associated with defending ...

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

... most common issues with Business Insurance is that policy owners often ... ... handy. For example, if you purchase Professional Indemnity (PI) insurance you should know that you're covered ... with how much you're covered for. Using Professional Liability as an example again, you could be covered for ...

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Key things to look out for when Growing Your Small Business

... management, however, and a tailored insurance [] ... of themselves, but the primary insurances - public liability and professional indemnity - are crucial. Ignore them ... can the odd faulty product. Professional Indemnity ('PI') protects you against financial loss from ...

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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 ... and mistakes do happen. Fortunately, Professional Indemnity insurance is designed to protect your business ... be the victim of a cyber attack, Cyber Liability insurance is there to help by providing coverage for expenses ...

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What do you need to know about Professional indemnity insurance?

Professional Indemnity Insurance (PI) can be difficult to ... article, we explain what professional indemnity insurance is and why it ... is Professional Professional Indemnity Insurance (PI) can be difficult to comprehend, but only at first. In this article, we explain what professional indemnity insurance is and why it might be important for your business. What is ...

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Professional Indemnity Insurance

... 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 cover against such claims ...

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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 ... that impact the cost of Professional Indemnity insurance. Insurance Ever wondered how the cost of a 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 ...

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Understanding Insurance, Part Two: Professional Indemnity Insurance

... a living. No matter how professional you may be, all it ... . Fortunately, this is where Professional Indemnity insurance can provide protection when ... In part two of our Understanding Insurance series, we focus on Professional Indemnity insurance. What is Professional Indemnity insurance? Professional Indemnity Insurance * is designed to protect you ...

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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 ...

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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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Insurance for Beauty Salons

... Professionals, it is compulsory to hold Professional Indemnity insurance. Insurance for Beauty Salons Professional Indemnity ... you to have a particular level of Public Liability cover. How much would it cost to replace ...

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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, ... a policy to suit your needs and include other essential covers such as Public Liability and Professional Indemnity insurance to ensure you are not left financially responsible for the costs of a legal claim ...

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

... should hold and maintain a Professional Liability Insurance package. #1 Protect against claims ... ... possible insurance protection from QBE Insurance, which meets the specific needs of massage therapists. The package includes Professional Indemnity, Public Liability, Statutory Liability and Employers Liability coverage ...

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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 ... BizCover. BizCover.com.au is already renowned for providing quick and easy online professional indemnity and public liability insurance for over 200 professions. The new website enhances this offer by giving BizCover ...

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What Photographers Need to Know About Business Insurance

... a photographer and how business insurance can protect your business. Why ... do photographers need to consider insurance? Working with clients, ... Liability insurance also covers any legal costs that you may incur while defending yourself. Professional Indemnity insurance ... to occur. Professional Indemnity i nsurance (PI) is designed to ...

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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 ... not know about small ... home, your home and contents insurance policy might not cover all the liabilities related to your business. As ... government, they may require you to have Professional Indemnity cover. Make sure your policy stays relevant ...

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Insurance for IT Professionals

... Insurance for IT Professionals Professional Indemnity Insurance Professional Indemnity (PI) insurance provides essential financial protection for IT Professionals ... ' reputation. Cyber Liability Insurance covers the costs ...

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Insurance for Allied Health Professionals

... 'll save on your Professional Indemnity & Public Liability cover with our exclusive member rates. Insurance for Allied Health Professionals Professional Indemnity Professional Indemnity (PI) insurance provides essential ...

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Insurance for Architects & Designers

... of many clients as well as tender processes. BizCover's professional indemnity insurance offer covers occupations such as: Architect Interior designer Public Liability Do you need it? If you have regular contact with ...

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Insurance for Bookkeepers

... the Value of Assets & Liabilities Recording, Monitoring and Tracking Income and Expenses Reporting Requested Bookkeeping Information Bookkeepers generally require professional indemnity insurance for a number of reasons ...

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Insurance for Consultants

... without risk. That's why Professional Indemnity (PI) insurance is designed to provide the essential ... costing you a couple of thousand dollars. Public Liability insurance will protect you from any financial losses which ...

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Insurance for Accountants & Tax Agents

... a bad day with the books. That's why Professional Indemnity insurance is designed to protect you and your business from ... or an inadvertent error with Cyber Liability insurance, which provides coverage for expenses like ...

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Insurance for Engineers

... Insurance for Engineers Professional Indemnity Professional Indemnity provides indemnity for professional ... Statutes can typically be covered by a Statutory Liability policy. The policy covers your legal defence costs ...

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Insurance for Mortgage Brokers

... you. Professional indemnity cover allows your business to operate with the confidence that you will be supported should a claim be made against your business. Public Liability Public liability insurance helps protect ...

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Insurance for Personal Trainers

... reasons. It includes Professional Indemnity and Public Liability cover to provide you indemnity for injury or ... , it's likely a requirement to provide your own insurance if you are contracted to a gym or fitness studio ...

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Insurance for Real Estate Agents

... (REAA). Insurance for Real Estate Agents Professional Indemnity Professional Indemnity insurance is designed ... claims Identity theft Ransom and extortion Statutory Liability With the ever-changing statutory landscape for ...

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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 ... years), BizCover.co.nz provides professional indemnity ... to add in Public Liability, Statutory Liability, Employers Liability, Employment Dispute Liability and other associated insurance products. To obtain a quote for professional indemnity insurance, and get instant ...

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Understanding the risks for Real Estate Agents

... In the Real Estate Industry, Professional Indemnity Insurance provides essential financial protection against ... acts, errors and omissions from professional ... Professional Indemnity Insurance provides essential financial protection against potential losses arising out of acts, errors and omissions from professional ... arises or face possible liability for any issues. For ...

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Insurance for Recruitment Consultants

... resources 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 ...

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Insurance for Immigration Advisers

... a minimum of $250,000 Professional Indemnity (as at July 2017). Insurance for Immigration Advisers Professional Indemnity Insurance Professional Indemnity (PI) insurance provides essential financial protection for ...

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Insurance for Travel Agents and Tour Operators

... your earnings and not gross ticket prices. Professional Indemnity Insurance for Travel Agents and Tour Operators Professional Indemnity (PI) insurance provides essential financial protection for Travel Agents and ...

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Understanding Insurance, Part 4: Cyber Liability Insurance

... we explore how Cyber Liability insurance can protect your business from ... ... or from the theft or loss of client information. Why do I need to consider Cyber Liability insurance? A common misconception is that hackers only go after the big fish but when it comes ...

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What does Public Liability Insurance Cover?

Public Liability Insurance protects you and your business ... ... work for any metropolitan council will require a minimum $2m cover. Every business should consider Public Liability Insurance - even home-based businesses. It covers you and the actions of your employees for potential ...

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Emerging Auckland Yoga Studio Wins National Small Business Grant

Yoga Within started by accident. Owner ... rent a room to offer Yoga Therapy to private clients and ... Bay premises. I first experienced yoga ... and open a studio.” “The current popularity of yoga and my conviction about how valuable these practices are, ... in their daily lives.” The leap from yoga teacher to business owner has been an interesting one ...

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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 [] ... any legal defence costs you incur as a result of defending yourself. Why do I need Public Liability Insurance? While you may take all the care in the world to create a safe environment, the reality ...

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Public Liability Insurance

... to think about is paying hefty legal costs should an unwanted accident occur. Public Liability Insurance, often referred to as General Liability, gives you peace of mind, protecting you and your business against such ...

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Statutory Liability Insurance

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

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Employers Liability Insurance

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

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Cyber Liability Insurance

... costs to New Zealand businesses as a result of Cyber crime is $650 million annually* Cyber Liability Insurance is designed to protect your business against the expense and legal costs arising from data breaches which ...

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What is Public Liability Insurance?

... pockets (and some) because you tried to save a bit of cash by not purchasing the right amount of Public Liability insurance, or worse, didn't have any at all. If the risk to your businesses is such that you would go ...

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How Plumbers Can Protect their Business with Public Liability Insurance*

As a plumber you are faced with different challenges every day, one minute you're fixing a burst pipe, next youre unplugging a drain, no two days are ever the same! ... and the last thing you need is a claim to flush your dreams away. With the appropriate level of Public Liability insurance in place, you are providing a financial safeguard to help you stay around for the long haul ...

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Cyber Liability Insurance - the Safety Net Small Businesses Need

At long last, the wider public is starting to realise that hackers aren't hooded movie villains - they're real people doing real damage across the globe, especially ... do to a business's reputation in the community could be just as harmful. This is where Cyber Liability insurance provides a crucial safety net for SMEs in NZ, as it helps cover businesses against the expenses and ...

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Insurance options to protect your cleaning business

... your business has the right insurances in place for when things ... ... and $20 million. Sole trader? Even if you are flying solo as a cleaning business, Public Liability insurance is still something you need to consider. For example , if you were working in a public ...

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Insurance Options for Retailers

... wrong. Having the appropriate retailers insurance in place to protect your ... ... whilst in transit to or from your store or in your professional custody. While you may take all the right measures to ... tasks of running your business. Cyber Liability insurance is designed to help protect your retail ...

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Business Insurance

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

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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 ... to consider increasing the level of public liability insurance that you hold. Are there statutory ... need to wait until your policy anniversary for your Limit of Indemnity to be restored and to make a new claim.. But ...

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Insurance for Hairdressers

... professional seeks to provide the most competent services, sometimes things can go wrong. Some of the risks and liabilities ... insist on you having public liability insurance. Business Insurance Your business assets are ...

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Insurance for Painters

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

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Insurance for Tradesmen

... Don't get stuck between a wall and hard place by not having Public Liability insurance. It's a crucial form of cover to protect you and your business against claims arising from third party property damage and accidental ...

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Understanding Insurance, Part 3: Business Insurance

... of our guide to understanding insurance, we take a look at ... Business Insurance, the different kinds of cover ... business. What is Business ... your business. What is Business Insurance*? Business Insurance is designed to protect your business ... or omission in the provision of your professional services Claims arising from damage to ...

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

We recently launched a campaign that showed how small business owners really feel about their expensive, archaic policies and encouraged them to get them out of their ... , showed no mercy when he subjected his old public liability policy to his bandsaw. Jill, the café owner, ... there's no nasty paper policies. Just hassle-free insurance, online, with all your documents emailed to you ...

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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 ... Interruption, notification costs and as defence costs for the breach of privacy. This is why cyber insurance should be an important part of your risk management plan, as it provides protection against the expense ...

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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 ... own IT systems or do you outsource it to a professional IT consultant or company? What security measures have you ... your business. What is Cyber Liability insurance cover? Cyber Liability is designed to cover your ...

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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 ... criminals however, are always finding new sophisticated ways to access systems and data. Therefore, a Cyber Liability insurance policy can act as your safety net against data breaches after being hacked or having your ...

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The Art of Celebrating a Win this Winter

In the insurance world, we focus on loss ... ... , you'll smile together. THE UPS AND DOWNS Insurers don't always focus on the negatives. In fact, we see insurance as a hugely positive part of your business plan. But the truth is, we don't get a chance to focus ...

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Tips for making a Stress-Free Claim for your business

... quickly as possible. Making an insurance claim can be stressful - ... ... we understand how important it is to get your business back up and running as quickly as possible. Making an insurance claim can be stressful - but it doesn't need to be. Follow these simple tips to help make potential ...

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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 ...

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Introducing our newest cover option: Personal Perishables Cover

... new product: Personal Perishable Insurance. Personal Perishables Insurance covers working individuals for ... ... individuals. In the past it has been only for larger claims and never at a micro level. This means that insurance and help can be given to business people where they really need it. Cover starts from as little as $85 ...

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Find your business motivation this Easter with these tips

Feel like it's all work, no play? Lost that mojo and spark? As a small business owner, you're not alone when it comes to experiencing motivational burnout. To help get ... them with the team when we hit those targets. Our celebrations are always part fun and part professional development. Make a commitment to life-long learning- whether it's listening to a podcast, studying ...

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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 ... .” Caroline is a Privacy and Security Risk professional who has over 10years experience in both the ... can continue, and my family are not impacted. Insurance allows me to meet my contractual obligations with certain ...

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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 ... bottles has also motivated McBride to ensure that he has insurances in place to protect his Scotchbox stock. “I chose ... because I want to be protected from public liability, selling food and drink to consumers and alcohol ...

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Conquering Stress and a Heavy Workload

Stress and overworking can affect your overall productivity as a small business owner. Here are some of the best stress-busting techniques for 2019. Some level of stress ... to do something about it. Seek support : Whether it’s talking to your partner, friends, or even a professional coach, have someone you can freely talk to about stress at work. The act of confiding in someone can ...

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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 ... all of these things but if it is too overwhelming it's worth considering cyber insurance for your business. Most cyber insurance policies will not only cover your business financially but will help organise the retrieval ...

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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 ... to the same provider of their personal finances to get a new loan, credit card, bank account or insurance for their business. It may be that the provider of your personal finance accounts does not necessarily offer the ...

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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 ... or employee can make a wish for their business, and they need not be a policy holder with BizCover's insurance service to win. “So much of BizCover's success is due to the small business community, who have embraced ...

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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 ... NZ, you can see you are in great company! As a small business owner ensure you review your insurance cover regularly. Getting insurance has never been easier - get quotes from top NZ insurers in just a few clicks or a ...

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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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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 ... a phone call away. They can help put you on the right path when it comes to sorting out your business insurance. A few small changes to your small business can have a big impact. It's all about working smarter, not ...

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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 ... . 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 professional indemnity liability insurance

  • 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 good and professional apart form the call back time. I was rushed into agreeing that I had read and understood things that I had not even seen. It would have been better to explain that the call was going to take over 10 minutes and there there were a

    Chris Boyce
    Information Technology

  • I recommend bizcovers simple and straightforward system for obtaining professional insurace online

    Alison Davies
    Consultancy Occupations

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

    Peter McLaughlin
    Trades & Services

  • 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

  • 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.