Small Business Professional Indemnity Insurance

Small Business Professional Indemnity Insurance

At BizCover, we will get you sorted

No Hassle, No Paperwork, No Delay

Multiple quotes from leading NZ trusted insurance partners

Independent feedback from our customers rated our service at excellent.

Rated 4.5/5 for Customer experience

What is Professional Indemnity Insurance?

... professional indemnity insurance - Public Liability and PI insurance are both common forms of cover that small businesses ... was soooo easy to sign up to, all other companies were asking me to fill out a million forms which ...

read more

Professional Indemnity

... 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 ...

read more

BizCover & NZTA

... you don't have to research, review and revise different insurance companies - we've done that for you. With a few ... field during checkout. Protect your business today. Professional Indemnity Insurance for Tutors We're not ...

read more

Tradie Guide to Professional Indemnity Insurance

... talk to a business insurance professional about their Professional Indemnity cover. Examples of risks that Professional Indemnity Insurance covers While the specifics of any given Professional Indemnity policy may vary ...

read more

Turn your side hustle into a small business

... hustle is involved with providing professional advice or services is Professional Indemnity insurance*. Professional Indemnity Insurance (PI) is designed to respond to claims against your business for losses as a result ...

read more

Help Protect your small business' reputation

... but it can take just one small mistake to destroy your business in minutes. As Warren Buffet famously ... a few to consider: Professional Indemnity Insurance If your business provides a professional service or advice, such ...

read more

Insurance for Allied Health Professionals

... I need both Professional Indemnity and Public Liability insurance? Professional Indemnity insurance and Public Liability insurance both cover very different risks that may impact your allied health business. Working on ...

read more

Insurance for Bookkeepers

... important stuff you need to know when it comes to Professional Indemnity insurance- jargon free. How to stay motivated as a small business owner Let's face it, as a small business owner there is a fair share of highs and ...

read more

Insurance for Recruitment Consultants

... & induction Professional Indemnity Insurance for Recruitment Professionals PI insurance is designed ... . What does Professional Indemnity insurance cover? It's one of the fundamental covers for small business owners in the ...

read more

Insurance for Immigration Advisers

... needs to consider is Professional Indemnity insurance. Professional Indemnity (PI) insurance is an important form of protection for businesses that provide specialist services or professional advice. It is designed ...

read more

Insurance for Consultants

... from a client without it could accidentally land you in hot water, a risk no small business owner wants to risk. Professional Indemnity insurance may be a requirement if you work on certain contracts, and if you are a ...

read more

Insurance for Mortgage Brokers

... professional indemnity insurance coverage, you could find yourself personally liable for any associated legal bills and the full cost of any claim made against you. Professional indemnity cover allows your business ...

read more

How Accountancy Insurance Protects Your Business

... 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 from any errors ...

read more

What does Public Liability Insurance Cover?

... by the Accident Compensation Commission (ACC). Professional Indemnity (PI) insurance is an important form of protection for businesses that provide specialist services or professional advice. It is designed to respond ...

read more

How Insurance Can Protect Landscape Architect

... . The injured person sought approximately $200,000 in damages. Fortunately, the small business had Professional Indemnity insurance. Indemnity was granted, and the insurer appointed lawyers to defend the claim. Upon ...

read more

Insurance for IT Professionals

... . More and more companies that hire independent IT contractors insist their contractors hold PI insurance before considering them for a contract. Professional Indemnity insurance for IT professionals covers a broad range ...

read more

Insurance for Architects & Designers

... varies based on the specific blueprint of your small business. Some of the factors used to calculate premiums for Professional Indemnity and other forms of insurance for architects that you may consider include (but ...

read more

Insurance for Accountants & Tax Agents

... That's why Professional Indemnity insurance is designed to protect you and your business from any losses ... and easy to buy insurance for your small business. Find, compare and buy accountancy insurance in just minutes—and ...

read more

How To Start A Small Business

... . Some of the typical kinds of business insurance include: Public Liability insurance Professional Indemnity insurance Business Insurance Cyber Liability Start your new business journey with peace of mind knowing your ...

read more

How To Stay Motivated As A Small Business Owner

... . Worrying about the business is an issue for many small business owners. While you ... Professional Indemnity to Business Insurance and more.* Our online platform takes the drama out of shopping around for your insurances ...

read more

10 Ways To Help Protect Your Small Business

... many types of small businesses and their unique business insurance needs. Insurance products purchased through BizCover span from the basics like Public Liability and Professional Indemnity to Business Insurance and more ...

read more

6 Reasons why some small businesses fail

... : Public Liability insurance* Professional Indemnity insurance * Business Insurance* Building insurance* Contents insurance* Business Interruption insurance* Portable Equipment insurance* Cyber Liability insurance* Don't ...

read more

Business Interruption Insurance

... indemnity period”, or the amount of time you'll be covered for loss of turnover, that you choose could make a big difference to whether you are able to survive a shutdown or not. Business Interruption Insurance for Small ...

read more

Insurance for Travel Agents and Tour Operators

... 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 services or professional advice. It is ...

read more

Insurance for Personal Trainers

... 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 specialist services or ...

read more

Insurance for Counsellors

... are some of the different types of business insurances you may need to consider when working as a counsellor. Professional Indemnity insurance* Professional Indemnity (PI) insurance is an important form of protection for ...

read more

Insurance for Contractors

... Indemnity* Professional Indemnity (PI) insurance is an important form of protection for contractors that provide specialist services or professional advice. It is designed to respond to claims against your business ...

read more

Insurance for Designers

... don't exactly pan out as they should. 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 ...

read more

Insurance for Education Consultants

... 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 specialist services or ...

read more

Public Liability Insurance

... 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 ...

read more

Business Insurance Health Check Part 2

... damage as a result of your negligent business activities. Professional Indemnity insurance* : Professional Indemnity (PI) insurance is an important form of protection for businesses that provide specialist services or ...

read more

Insurance for Mechanics

... 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 specialist services or ...

read more

Insurance for Shop Owners

... you may want to consider Professional Indemnity insurance*. Professional Indemnity (PI) insurance is an important form of protection for businesses that provide specialist services or professional advice.  It is designed ...

read more

Insurance for Massage Therapy

... error leaves you open 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 ...

read more

Insurance for Sole Traders

... Traders Need? Professional Indemnity insurance* Professional Indemnity (PI) insurance is something that sole traders may need to consider when looking at important forms of protection or their business, especially if ...

read more

Insurance for Carpenters

... . 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 or ...

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

Understanding the risks for Real Estate Agents

... it is important that you have the right level of business insurance in place as part of your overall risk management ... at risk of a claim occurring. Professional Indemnity Insurance can protect you against the risks ...

read more

Insurance for Real Estate Agents

... to the Real Estate Agents Authority (REAA). Insurance for Real Estate Agents Professional Indemnity Professional Indemnity insurance is designed to protect your business against legal claims and costs by third parties ...

read more

Insurance for Engineers

... typical reasons why engineers need to consider business insurance: For some engineering professional industry memberships, it may be a requirement to have Professional Indemnity insurance* in place If you are working out ...

read more

Insurance for Beauty Salons

... a tad of concealer can fix. Professional Indemnity Insurance is designed to protect your business against claims for negligence or professional misconduct. It protects businesses against the following financial losses ...

read more

BizCover and NZ Qualified Bookkeepers Association

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

read more

Insurance for Psychologists

... help remove the anxiety and uncertainty of running a small business. As a psychologist, you might consider these types of insurance: Professional Indemnity* Clients trust you to provide them with expert mental health ...

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

Business Insurance FAQs

... professional indemnity insurance? What is Business Insurance ? What is Business Insurance? What does business insurance cover? Do I need Business Insurance? Ready to sort out your Business Insurance? Your small business ...

read more

BizCover and Reflexology NZ

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

read more

How To Start a Psychology Practice

... business. Small business admin Now that you're running your own small business, there are small business ... insurance include: Professional Indemnity*: Professional Indemnity insurance covers claims against your business ...

read more

What Risks Do Psychologists Face?

... practice. Professional Indemnity* Professional Indemnity insurance covers claims against your business for losses ... of your negligent business activities. Just like all other small business owners, qualified psychologists ...

read more

Work Smarter as a Massage Therapist

... small business, so you may want to ensure you consider having protections in place. Luckily, there is insurance ... damage due to your negligent business activities. Professional Indemnity insurance * Your clients could rely ...

read more

What are the Risks in Running a Yoga Studio?

... of your small business. Remain current ... Professional Indemnity *; Public Liability *; Business Insurance *; Business Interruption *; Portable Equipment Insurance *; and Building And Contents Insurance *. Business insurance ...

read more

Hair Salon Business Tips

... do as a small business owner to protect ... insurance for beauty salons is Professional Indemnity insurance *. Professional Indemnity cover is designed to protect your business against claims for negligence or professional ...

read more

What Insurance Policies do Yoga Studios Need?

... a negligence claim (even an unfounded one). Professional Indemnity insurance offers important protections for businesses that provide specialist services or professional advice, like yoga studios. It responds to claims ...

read more

What Insurance do Beauty Salons Need?

... professionals get business insurance. Here are a few: You face many risks This is true for any small business, including beauty salons. Insurance ... of insurance. Typically, Public Liability and Professional Indemnity ...

read more

Do Hypnotherapists need Business Insurance?

... job, as well as all the challenges of running a small business. Events as varied as making an innocent mistake, extreme ... of insurance to meet their unique business needs. These may include: Professional Indemnity As ...

read more

Insurance for Yoga Teachers

... do Yoga Teachers need? Insurance can help yoga teachers keep their businesses strong and flexible. You might consider policies such as these for your yoga business: Professional Indemnity* Your students and clients ...

read more

BizCover and Massage New Zealand

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

read more

Why You Should Review Your Business Insurance

As a small business owner there is always ... business for losses as a result of actual or alleged negligent acts or omissions in the provision of your professional service or advice. Professional Indemnity Insurance ...

read more

Reviews related to Small Business Professional Indemnity 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

What does insurance for
Professional Indemnity 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

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