Professional Indemnity Insurance is essential protection for professional consultants who provide a service for a fee. It provides indemnity for claims brought against the insured for financial loss, injury or damage arising from a breach (or an alleged breach) of professional duty in the course of conducting business and aims to protect the company’s position and assets in the event of a claim so that they are able to carry on their business.

1. What is Professional Indemnity Insurance?

2. What is PI Insurance?
Professional Indemnity Insurance is essential protection for professional
consultants who provide a service for a fee. It provides indemnity for claims
brought against the insured for financial loss, injury or damage arising from a
breach (or an alleged breach) of professional duty in the course of
conducting business and aims to protect the company’s position and assets in
the event of a claim so that they are able to carry on their business.

3. Policy Cover and Features
Professional Indemnity Insurance aims to provide protection for:
•
•
Settlements, compensation and/or damages awarded against the insured;
and/or
Legal costs and other expenses associated with defending a claim.
Policy features may include:
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•
•
•
•
Trade Practices Legislation
Libel and slander dishonesty
Loss of documents
Defence costs
Official enquiries cover

4. Benefits
What are the benefits of having Professional Indemnity Insurance cover?
• Peace of mind.
• Saving valuable time in the incidence of an allegation.
• Reduction in the possibility of interruption to your business.
• Reduction in the probability of lost income from an interruption to your
business if you had to defend an allegation.

5. How
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Knowing there are legal professionals in the claims department waiting to
take care of any allegation made against you.
•
Knowing any claim will be represented by solicitors experienced in the
area of Professional Indemnity Insurance.
•
Knowing the legal costs incurred will not only be covered by a Professional
Indemnity policy, but will be reduced because of the experienced
professionals engaged to defend your claim.

6. Professional Indemnity Insurance Quote
To obtain a quotation, enquire online at www.optimuminsurance.com.au.
In most circumstances we are able to provide an quote over the phone. If
you would like to discuss your needs further, contact us on 1300 739 861.
Policy coverage is always subject to the terms, conditions and exclusions of
the insurance contract and policy wording provided by the insurer.
Each insurance company has its own policy wording. This means that
coverage can vary considerably from one insurer to another. It is vital that
you compare each policy based on the appropriateness of cover for your
individual or business needs.
As Insurance Advisers, it is our role to understand the terms and conditions,
so contact us now for advice and a quote.

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8. Contact Us
Phone
Fax
Hours
Email
+61 1300 739 861
+61 1300 732 225
9.00am to 5.00pm (EST)
Monday – Friday
service@optimuminsurance.com.au
Website
www.optimuminsurance.com.au
Presentation Disclaimer –– “This material contains general information only and may not suit your
particular circumstances. To decide if a policy is right for you please carefully read the relevant Product
Disclosure Statement (PDS) and/or Policy wording. A copy of the PDS or policy wording is available by
contacting our office on 1300 739 861;”
Disclosure Statement – “Optimum Insurance Services Pty Ltd is a Corporate Authorised
Representative of Insurance Advisernet Australia Pty Ltd (Car No. 291220), Australian Financial Services
Licence No 240549, ABN 15 003 886 687.”