Sydney Insurance Brokers

Professional Indemnity Insurance

Professional indemnity insurance is designed to cover legal costs and expenses arising from allegations of providing inadequate services or advice. This insurance is crucial for businesses and professionals to protect against financial losses due to negligence. It extends coverage to principals, employees, directors, partners, and other professional entities.

Types of Coverage

  • Civil Coverage: For licensed professionals.
  • Medical Malpractice: Specifically for medical professionals like doctors, dentists, and allied health workers.

Scope of Coverage

  • Legal Claims: Covers claims against professionalism, addressing monetary losses caused to clients.
  • Run-off Coverage: Provides coverage until the statute of limitations on claims expires, essential for claims made after business operations have ceased.


  • Known circumstances prior to policy initiation.
  • Intentional damage caused to third parties.
  • Contractual obligation-related costs.
  • Claims arising from business bankruptcy or insolvency.

Industries Requiring Professional Indemnity Insurance

  • Industries requiring operational licenses.
  • Medical sector, real estate, engineering, surveying, and education colleges.

Key Considerations

  • Legal requirements specific to your industry.
  • Size of potential liability.
  • Potential damages.
  • Client types and business size.

For detailed assessment and optimal insurance coverage, businesses are encouraged to consult with Sydney Insurance Brokers’ professional indemnity insurance specialists​.