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  Professional Indemnity Insurance

Protecting Your Reputation. Securing Your Practice.

Mistakes happen—even to the most skilled professionals. Professional Indemnity Insurance (PI) protects you from legal liability if a third party suffers loss due to your professional advice, service, or conduct.

This cover applies to the services outlined in your policy and is governed by specific limits, conditions, and exclusions.

  What Does Professional Indemnity Insurance Cover?

PI covers a range of liabilities arising from:

  • Negligent acts, errors, or omissions in your work
  • Misleading advice or statements
  • Unintentional breaches of confidentiality
  • Defamation, including libel or slander
  • Fraudulent, dishonest, or malicious acts by current or former employees


  What Is Not Covered?

Most policies exclude:

  • Performance guarantees or failure to achieve a specific outcome
  • Intentional acts or deliberate misconduct
  • Losses involving patents, copyrights, or trade secrets
  • Claims arising from known prior incidents or circumstances
  • Policy excess (the amount you contribute before insurance kicks in)

Always review your policy in detail to understand your responsibilities and exclusions.


Who Is Considered a Professional?

There is no single definition, but professionals generally:

  • Possess specialist skills or knowledge respected by society
  • Are trained in a specific field or discipline
  • May belong to a regulatory or professional body
  • Often hold licences or certifications
  • Offer advice or services for a fee

Examples of professionals:

  • Traditional: Accountants, Engineers, Architects, Advocates, Doctors, Nurses, Insurance Brokers
  • Non-Traditional: Consultants, Event Planners, Real Estate Agents, Property Valuers, Advertising Agents, Debt Collectors


Safeguard Your Professional Future

Whether you're an independent consultant, a medical practitioner, or part of a regulated firm, having professional indemnity insurance is essential to protect your career, finances, and reputation.

Contact Wealthwise Nexus Insurance Agency today for a tailored cover that suits your specific professional risks.