FD Beck Insurance Brokers

How do you figure out who needs Professional Indemnity Insurance?

You may believe that Professional Indemnity Insurance is only for certain of ‘high-risk’ professionals.

In our experience, many people mistakenly believe that PI insurance only applies to architects, accountants, engineers, lawyers or doctors. However, that’s simply not true. Furthermore, some people incorrectly believe that because they are only a small business they don’t require professional indemnity. In fact, if you are set up as a sole trader, contractor, consultant or freelance professional, you still need to consider professional indemnity insurance.  

So, how do you figure out who needs professional indemnity insurance? 

3 important questions to ask about every business

Start by asking yourself these 3 questions:

If you answered yes to one or more of these questions, you need Professional Indemnity Insurance.

Helpful list of professional consultants or businesses

The list of professional consultants or businesses that have a professional indemnity exposure is wide-ranging. Many are listed below:

  • Accounts Preparation
  • Adoption Agencies
  • Advertising Agencies & Services
  • Aged Care Consultants
  • Agricultural Consultant
  • Agronomists
  • Aquaculture Consultants
  • Arbitrators
  • Archaeologists
  • Archival Firms
  • Artists/Art Directors
  • Authors
  • BAS Services
  • Biologist
  • Book Binders
  • Bookkeeper
  • Botanist
  • Building Designers
  • Business Coaches
  • Business Planning
  • Business Project Management
  • Business Training Courses
  • Buyers Agents/Advocates
  • Career Advisory Services
  • Cartography Consultants
  • Catering Consultants
  • Change Management
  • Civil Celebrants
  • Company Search Agencies
  • Compliance Consultants
  • Conference Management
  • Cooking Instructors
  • Copy Writers
  • Court Reporters
  • Draftsperson & The Drawing
  • Ecology Advisors
  • Editors
  • Education Advisory Services
  • Education Consultants
  • Electrician
  • Employment Agents
  • Energy Consultant
  • Energy Raters
  • Engineer – Air Conditioning
  • Engineer – Electrical
  • Engineer – Heating
  • Engineer – Hydraulic
  • Engineer – Mechanical
  • Engineer – Safety
  • Engineer – Telecommunications
  • Entomology Consultants
  • Fauna Consultants
  • Food Inspectors
  • Forestry Consultants
  • Funeral Directors
  • Gemologists
  • Geographers
  • Graphic Designers
  • Green Auditors
  • Health & Safety Consultants, Workplace Assessors
  • Historians
  • Home Sustainability Assessors
  • Horticultural Advisors
  • Hospital Consultants
  • Hotel Consultants
  • Human Resource Consulting
  • Illustrators
  • Image Consultants
  • Import and Export Agents
  • Industrial Relations Consultants
  • Insurance Loss Adjusters
  • Interior Designers
  • Interpreters
  • Irrigation Design and Consultants
  • Landscape Designers
  • Lapidary (Gemstones) Consultants
  • Librarians
  • Literary Agents
  • Logistic Advisors
  • Management Consultants
  • Marketing Consultants
  • Market Research Analysts
  • Marriage and Family Counsellors
  • Mediators
  • Metallurgy Consultants
  • Meteorology Advisors
  • Methamphetamine Testing
  • Microbiologists
  • Migration Agents
  • Multimedia Consultants
  • Numismatic (Coins) Advisors
  • Occupational Health & Safety Consultants
  • Organisational Structure and Staffing
  • Philatelic (Stamps) Advisors
  • Photographer
  • Pool Safety Consultants
  • Private Investigators
  • Process Servers
  • Property Title Searchers
  • Publicists
  • Public Record Search Firms
  • Public Relation Advisors & Firms
  • Quality Control Advisors
  • Registered Training Organisations
  • Relocation Agents
  • Risk Management Consultants
  • Robotics Advisors
  • Secretarial Services
  • Sewage Consultants
  • Shipping and Freight Forwarding
  • Sociologists
  • Solar Energy Consultants
  • Statisticians
  • Strategic Planning
  • Sustainable Assessors and Auditors
  • Tax Agent
  • Technical Writers
  • Textile Designers
  • Tourist Bureau and Guides
  • Town and Country Planning
  • Training
  • Translators
  • Travel Agents
  • Viticulture Consultants
  • Water Brokers
  • Water Conservation Advisors
  • Wedding Planners
  • Wind Energy Consultants
  • Wool Brokers and Classification
  • Workflow Efficiencies
  • Workplace Assessors
  • Zoologists

The risks of not having PI insurance can be significant

In short, if you provide any service that is relied upon by other people or businesses, you may need professional indemnity insurance to protect you. In fact, not having Professional Indemnity Insurance often represents a very serious business risk.

So, if you are confused about who needs Professional Indemnity Insurance and your occupation appears on the list above, get a free online professional indemnity quote. To do so, just visit our free online insurance quoting tool for a free, instant, no-obligation online quote.