Who needs professional indemnity insurance? 

Various professionals and individual contractors providing professional services should consider a professional indemnity insurance policy. 

Key professions and insurance options include:

Lawyers

Lawyers' professional indemnity insurance covers legal professionals against claims of malpractice, misrepresentation, or breaches of duty.

Accountants

Accountants' professional indemnity insurance covers miscalculations, financial reporting errors, or tax advice disputes.

Engineers and Architects

Engineers' professional indemnity insurance and architect's professional indemnity insurance safeguard against structural design flaws, miscalculations, or planning oversights.

Management Consultants

Consultants' professional indemnity insurance protects against claims of misadvice, errors, or ineffective recommendations that lead to client losses.

Project managers

Project management professional indemnity insurance covers planning mistakes, scheduling errors, or mismanagement that impact project outcomes and lead to losses.

Medical Professionals

Medical practice professional indemnity insurance provides specialised coverage for doctors, surgeons, and healthcare practitioners, safeguarding against claims related to misdiagnoses, treatment errors, or medical negligence.

Allied Health and Healthcare Providers

Professional liability insurance for healthcare providers, such as physiotherapists, occupational therapists, and alternative health practitioners, for claims of improper treatment, professional errors, or failure to meet industry standards.

Finance Brokers and Investment Advisers

Finance broker professional indemnity insurance mitigates risks related to poor financial advice, investment losses, or regulatory breaches.

Real Estate Agents

Real estate professional indemnity insurance helps protect real estate agents against claims related to misrepresentation, misleading property descriptions, or contract errors.

Valuers

Valuer's professional indemnity insurance covers claims that arise from inaccurate assessments, miscalculations, or disputes over valuations in property, business, or asset appraisal.

Coaches & Trainers

Professional indemnity insurance for coaches and professional liability insurance for personal trainers safeguards against claims of improper guidance, injury liability, or ineffective training programs.

IT Professionals and Software Developers

Professional indemnity insurance for software developers covers coding errors, software failures, data breaches, or system downtime impacting clients.

What does professional indemnity insurance cover?

When a client's complaint relates to your professional services, you may face legal action regardless of fault. A professional indemnity policy covers both your business assets and reputation.

PI cover includes:

• Claims and legal defence costs related to alleged professional negligence, whether the claim is successful or not
• Out-of-court settlements
• Legal fees and defence expenses

Our insurance brokers can advise on business insurance cover to safeguard your organisation from inadvertent negligence. And in the event of a claim, we act as your advocate to ensure a fair and prompt resolution, giving you peace of mind.

Professional indemnity insurance specialists

Our experienced brokers across New Zealand understand the risks of professional liability, negligence claims, and the potential impact on your business. We work closely with you to review and update your professional indemnity coverage as your business evolves, ensuring you have appropriate protection at every stage.

Speak with a Gallagher insurance broker for advice on our small business insurance solutions to suit your needs.