Professional Indemnity
What Professional Indemnity Insurance Does Not Cover
PI protects against claims that you provided negligent advice or services — not every business risk.
Professional indemnity is often misunderstood. It is not public liability, not a catch-all legal policy, and not a substitute for cyber, employment or directors' cover. Ideal Insurance Brokers helps Australian professionals understand the gaps — then compare PI that matches how they actually work.
Access across leading Australian insurers and underwriting agencies, including:
Know the Limits
PI responds to professional services claims — not everything.
A client alleging your advice, design or service caused them financial loss is the core PI scenario. Injury on your premises, a stolen laptop, unpaid invoices or a workplace dispute usually sit on other policies. Mixing those up is how businesses buy the wrong cover — or discover the gap after a letter of demand.
100+
Insurer Markets
98%
Claims Success Rate
15–25%
Premium Savings
5.0
Google Review Rating
Common Exclusions
What PI typically does not cover.
Your own fees and refunds
Fraud and dishonest acts
Employment and HR disputes
Cyber events (unless extended)
Known claims and prior work
Who This Matters To
Professionals who sell advice and services.
What PI Is For
Where professional indemnity usually does respond.
Negligent advice or services
Defence costs
Compensation (if covered)
Contractual professional duties
Get the Mix Right
PI plus the policies that fill the real gaps.
- 01
Public liability alongside PI
Injury and property damage need a different product.
- 02
Cyber if you hold data
Don't assume PI is your privacy or ransomware policy.
- 03
Management liability where relevant
Directors, employment and some regulatory exposures sit elsewhere.
- 04
Occupation and retro date specified
Wrong profession class or a missing retroactive date is a claims problem.
Getting Covered
A PI review that starts with what you actually do.
Why Ideal
Brokers who explain PI before a letter of demand.
- 01
Occupation-first advice
We match PI to how you actually advise and deliver work.
- 02
Honest about exclusions
You should know what PI will not do before you buy it.
- 03
Wide market access
Compare specialist PI markets, not one generic professional pack.
- 04
Claims notification help
PI is claims-made. Timing and notification matter.
Frequently Asked Questions
Typically: bodily injury and property damage (public liability), your own unpaid fees, fraud you commit, employment disputes, many cyber events, and known circumstances or work before the retroactive date. Always read the policy — wording varies.
Usually no. That is a public liability scenario. PI is about professional services claims.
Not automatically. Some PI policies have limited cyber extensions; most businesses with client data should consider dedicated cyber cover.
Yes in most Australian professional wordings. The policy in force when the claim is made (and notification rules) matter as much as when the work was done. Retroactive dates are critical.
Tell us your profession, services, contracts and claims history. We compare markets and explain exclusions so you are not buying the wrong product.
Know what PI won't cover — then buy the cover that will.
Get a professional indemnity comparison from brokers who specify the occupation and explain the gaps in plain English.