Professional Indemnity

What is professional indemnity insurance?

If you provide a professional service, there are many areas where you may be exposed to liability for an economic loss as a result of an error or omission by you or one of your employees. These liability challenges and threats have increased due to a demand of accountability on experts giving advice, an increasingly more litigious society, increased competition in key product and service markets and an increasing customer expectation.
These threats and challenges are made worse with an increased innovation and change in many professions, outsourcing of services and ever increasing consumer protection legislation.

Who does it affect?

The definition of 'professional' has broadened in recent years. Due to this, professional indemnity insurance is now held by workers across a wide range of industries. Any professional person providing services such as advice, is regarded by their client as an expert and is therefore open to a claim being made against them should their advice be wrong.

Professional liability insurance was once associated mainly with such groups as accountants, solicitors, medical workers and engineers. Currently however, it provides protection for advice and treatment provided by people in many industries, including architects and designers, education workers, real estate agents, health workers and consultants. Although generally a voluntary form of insurance, certain professionals, including insurance brokers, legal professionals, medical practitioners and some accountants, are required to hold professional liability insurance. Professional contractors often need to hold professional indemnity insurance if working with government bodies, local authorities or private consulting firms.

The professional indemnity policies and conditions relevant to you will vary widely depending on your industry. For further information on the professional indemnity issues that affect you, contact the relevant industry body or talk to an experienced insurance broker such as CPR Insurance.

Why is it useful?

Losing a claim made against you can result in enormous costs and expenses. Some claims take more than five years to settle, leaving a large bill for court costs and legal expenses. Even when successful, defending a claim can be costly.

Who can help?

Professional indemnity is a complex and specialised area of insurance. If you want to know more about the professional indemnity policies and conditions relevant to your profession, contact a specialist insurance broker such as Cooper Professional Risks.

An insurance broker's role is to act as your representative and work in your interests, seeking the best cover at the best price for you from market knowledge. Call a good one. Call CPR.

Cooper Professional Risks Pty Ltd trading as CPR Insurance Services is a Brisbane based business. Robert Cooper can be contacted on 07 3123 1137 or 0439 530910. Email is

Cooper Professional Risks Pty Ltd trading as CPR Insurance Services is an Authorised Representative of National Adviser Services Pty Ltd (ABN: 60 096 916 184) trading as NAS Insurance Brokers (AFS No.233750)

Professional Indemnity policies are "Claims Made" covers. Read More.

Latest News

CPR now CAR of Ausure

From today, 5th March 2018, CPR Insurance Services are now Corporate Authorised Respresentatives of Ausure Pty Ltd.

CPR Insurance Services effectively outsources its IT Broking systems, Accounts, Compliance and support systems to Ausure for a very reasonable cost. It allows us to concentrate on being Insurance Brokers knowing we have strong support from a large prominent Insurance Brokerage and deliver the best possible Insurance Service to you..

For our existing clients, your Invoices will look a little different, premiums are made payable to Ausure Pty Ltd (as provided on the Invoice). However, our service to you will remain the best it can be.

From our point of view, we expect to have quicker and more responsive support. They are providing Broking Systems more advanced than most insurers. They are Brisbane based giving us a feeling of local support. We are now closer to the Steadfast Group who part own Ausure. They have been very strong supporters of our business and assist us in all areas of Insurance, including providing very advanced Quoting systems and carefully negotiated broader policy wordings.

We look forward to building a great relationship with Ausure that we are sure will benefit our clients.

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CPR joins Ausure

We would like to announce to all our Clients, Prospective Clients, Suppliers and Insurers, that Cooper Professional Risks Pty Ltd trading as CPR Insurance Services, will be leaving National Adviser Services Pty Ltd (NAS) and joining Ausure Pty Ltd as a Corporate Authorised Representative from 5 March 2018.

Fundamentally, there is no difference to you, except our Invoices will look a little different, and the Banking details will be in a different name and account number. Everything else at CPR stays the same.

There are a number of reasons we have made this decision, but the primary reason is for what we believe is best for our clients.

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