Chances are you’ve probably heard of both Public Liability insurance* and Professional Indemnity insurance*, and while both provide a form of cover for your business, they are very different in what they protect your businesses from.

Professional Indemnity insurance may not be the most obvious type of business insurance for tradies in New Zealand, yet in reality it can be relevant and very handy given the fact that many tradies provide professional advice to their customers for a fee.

Professional Indemnity insurance* is an important form of protection for businesses that provide specialist services or professional advice. It is designed to respond to claims against your business for losses as a result of actual or alleged negligent acts or omissions in the provision of your professional service or advice. PI Insurance could also assist with the legal costs associated with responding to or managing claims which are covered by the policy.

If you are a professional who provides advice or a service to your clients, your Professional Indemnity (PI) insurance is no doubt one of the most vital covers you have for your business. If things don’t quite go to plan it can provide much needed financial assistance for legal and compensation costs in the event of action taken against your business.

Crunching numbers and helping your clients with their accounting queries is all in a day’s work as an accountant. But even with all the years of experience, training and education, mistakes can happen when you least expect them. While there are many types of accounting insurances on the market, Professional Indemnity insurance* is something to consider when looking at ways to protect your accounting business with business insurance.

Engineers are responsible for designing and implementing complex systems, infrastructure and machinery that can significantly impact public safety across New Zealand.

Public Liability insurance covers legal fees and compensation costs if a customer, member of the public, or a supplier claims against you for injury or damage to their property as a result of your alleged negligent business activity. Having Public Liability insurance gives you peace of mind against potentially stressful, time-consuming and costly legal claims.

Insurance can be a confusing business, especially when you’re dealing with Professional Indemnity insurance*. However, you can make sure you get the Professional Indemnity that is suitable for you by asking the right questions. Here are seven things you should take into consideration when purchasing Professional Indemnity insurance.

Your clients rely on you for your marketing expertise and advice to help increase their leads and increase their profits. But when things don’t go to plan and accusations fly, you need to have protection in place to look after your business’s finances and reputation. This is where investing in the right business insurances can save your business when unexpected incidents occur.

If you’re a sole trader or small business owner, protecting your business and your customers with Public Liability insurance is one of the most important aspects. It offers protection should a customer, supplier, or even member of the public, sue your business for damage to their property. And whilst you probably take every care not to damage their property, it doesn’t mean you won’t be found negligent should an unwanted accident occur, or someone attempts to make a claim against you. As cliché as it sounds, accidents happen. If you don’t have Public Liability insurance you face the risk of being out of pocket for hefty legal and compensation costs that can potentially cripple your business.