{"id":282883,"date":"2024-09-10T17:47:40","date_gmt":"2024-09-10T05:47:40","guid":{"rendered":"https:\/\/www.reckon.com\/au\/?post_type=sbh&p=282883"},"modified":"2024-09-10T18:15:54","modified_gmt":"2024-09-10T06:15:54","slug":"professional-indemnity-insurance","status":"publish","type":"sbh","link":"https:\/\/www.reckon.com\/au\/small-business-resources\/insurance\/professional-indemnity-insurance\/","title":{"rendered":"What Is Professional Indemnity Insurance?"},"content":{"rendered":"

[et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” _builder_version=”4.23″ custom_padding_tablet=”” custom_padding_phone=”0px||||false|false” locked=”off” global_colors_info=”{}”][et_pb_row column_structure=”1_3,2_3″ _builder_version=”4.23″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” width=”100%” custom_padding=”||0px||false|false” global_colors_info=”{}”][et_pb_column type=”1_3″ module_class=”table-contents” _builder_version=”4.23″ background_color=”#f3f2f6″ custom_padding=”25px||25px||true|false” sticky_position=”top” sticky_limit_bottom=”section” sticky_position_tablet=”top” sticky_position_phone=”none” sticky_position_last_edited=”on|desktop” pac_dcm_carousel_specific_module_num=”0″ border_radii=”on|24px|24px|24px|24px” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.23″ text_font=”||||||||” global_colors_info=”{}” background__hover_enabled=”on|desktop”][\/et_pb_text][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.16″ custom_padding=”|||” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Copy paste body text here” _builder_version=”4.27.0″ header_2_font_size=”32px” header_2_font_size_tablet=”30px” header_2_font_size_phone=”26px” header_2_font_size_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n

What Is Professional Indemnity Insurance?<\/h2>\n

If you run a small business in Australia, having professional indemnity insurance could be one of the smartest ways to protect yourself and your organisation against claims of negligence, errors, or omissions in your services.<\/p>\n

It\u2019s a special type of insurance for professionals who, during their day-to-day responsibilities, provide advice, consult, or deliver other advisory services to clients. It covers legal fees and compensation in the event of a professional indemnity insurance claim.<\/p>\n

Before taking out professional indemnity cover, you\u2019ll want to learn how it works, what it actually covers, and the job types that need it most. So here\u2019s what you need to know about protecting your business from potential legal and financial risks.<\/p>\n

How does professional indemnity insurance work?<\/h2>\n

Professional indemnity insurance provides businesses and professionals with a set level of cover if they are sued for negligence or mistakes in their professional services.<\/p>\n

When a client believes they have suffered financial loss explicitly due to your professional advice or services, they might file a claim against you. In such cases, professional indemnity insurance covers the legal costs of defending and settling claims and any compensation that may be awarded to the client if the claim is successful.<\/p>\n

Most policies operate on a \u2018claims-made\u2019 basis, which means that it covers you for claims made during the policy period, regardless of when the incident occurred. Because of this, it\u2019s essential to maintain continuous coverage \u2013 even after a project has finished or if you switch insurance providers.<\/p>\n

This insurance policy also covers the legal costs of representation, which can sometimes be quite substantial, especially if the matter is complex or drawn out over several months or years. Think of professional indemnity insurance as a safeguard against significant financial strain.<\/p>\n

What does professional indemnity insurance cover?<\/h2>\n

Many different types of business insurance<\/a> are available, and professional indemnity insurance revolves around specific situations where your business \u2013 or just you in your professional capacity \u2013 may be liable for mistakes, omissions, or negligence in your services.<\/p>\n

Professional indemnity insurance protects against things like:<\/p>\n

\u25cf Legal costs:<\/strong> The associated expenses of defending a claim, including solicitor fees, court costs, and other related expenses.
\u25cf Compensation payments:<\/strong> Funding to compensate the client if they win the claim, covering the financial losses incurred due to your professional advice or services.
\u25cf Breach of duty:<\/strong> Safeguards against claims related to a breach of professional duty, such as failing to meet the expected standards of service.
\u25cf Defamation:<\/strong> Covers claims related to unintentional defamation that could arise from your professional advice or communications.
\u25cf Loss of documents:<\/strong> Protects against the accidental loss of or damage to important documents necessary to the services provided.<\/p>\n

How does professional indemnity insurance differ from public liability insurance?<\/h2>\n

The main difference between professional indemnity insurance and public liability insurance<\/a> is that the former protects you against claims related to the professional services and advice you provide, whereas public liability insurance covers claims related to physical injury or property damage caused by your business operations.<\/p>\n

Think of it this way:<\/p>\n

\u25cf Professional indemnity = customer sues you because you gave bad advice.
\u25cf Public liability = customer sues you because they tripped in your lobby.<\/p>\n

Public liability insurance is essential if your business directly interacts with the public or has customers come onto your premises. In contrast, professional indemnity insurance is more appropriate for businesses that provide expert advice or specialised services.<\/p>\n

What could result in a professional indemnity claim?<\/h2>\n

Because it\u2019s hard to know everything you might be legally responsible for, below are a few common situations that could lead to a professional indemnity claim against you and your business:<\/p>\n

\u25cf Errors or omissions:<\/strong> Mistakes in your work, such as giving bad\/incorrect advice or failing to deliver a service as promised.
\u25cf Negligence:<\/strong> Not exercising the adequate level of care that\u2019s expected in your profession, which may lead to a financial loss for your client.
\u25cf Misrepresentation:<\/strong> Giving false or misleading information to a client, whether intentionally or unintentionally.
\u25cf Breach of Contract:<\/strong> Not fulfilling the terms of a contract and causing the client to suffer a financial loss.
\u25cf Defamation:<\/strong> Unintentionally making statements that harm a client\u2019s reputation.<\/p>\n

As you can see, having a professional indemnity insurance policy to protect your business against claims of this nature could be the difference between staying afloat and closing your doors.<\/p>\n

Who needs professional indemnity insurance in Australia?<\/p>\n

While many individuals and businesses can find great value in having professional indemnity cover in place, there are a few careers where it\u2019s a must, including but not limited to:<\/p>\n

\u25cf Consultants:<\/strong> Those who provide strategic advice or specialised knowledge to other businesses or individuals.
\u25cf Accountants:<\/strong> Anyone who gives financial advice, handles tax services or manages accounts.
\u25cf Architects and engineers:<\/strong> Designing buildings and other structures where mistakes could result in significant financial loss.
\u25cf Medical practitioners:<\/strong> Anyone who provides healthcare services that could result in claims of negligence or malpractice.
\u25cf IT professionals:<\/strong> Creating, integrating or upgrading technology solutions or services that could lead to financial losses if not delivered correctly.<\/p>\n

The bottom line is that any professional who sells knowledge or advice to clients should consider taking out professional indemnity insurance to protect against future claims.<\/p>\n

How much does professional indemnity insurance cost in Australia?<\/h2>\n

Like most small business insurance costs<\/a>, the amount you pay for professional indemnity insurance will depend on things like the nature of your business, the level of coverage required, your industry\u2019s risk profile, the type of professional service you provide, and your claims history.<\/p>\n

Generally, premiums can range from a few hundred to several thousand dollars annually. High-risk professions, such as those in legal or financial services, will likely have to pay higher premiums due to the increased likelihood of claims.<\/p>\n

Thankfully, online comparison tools make finding the right professional indemnity cover easy. So make sure you shop around and compare quotes before settling on a policy.<\/p>\n

Which professional indemnity insurance cover is right for you?<\/h2>\n

First, you\u2019ll want to consider the size of your business, the type of clients you work with, and the value of the contracts you currently handle. This will indicate the amount of business insurance you should take out to cover claims and legal fees.<\/p>\n

It\u2019s equally important to look into your industry’s legal and regulatory requirements. If you\u2019re unsure about the specifics, consult with an insurance broker who understands your type of work, as they can help you identify the right level of cover to protect your operations.<\/p>\n

Ultimately, professional indemnity insurance is a way to save your business from the financial minefield of having a claim made against you because of professional advice or services you provide. Think of it as an investment in the future of your business \u2013 without it, you could be on the hook for severe legal costs and reputational damage.<\/p>\n

 <\/p>\n

[\/et_pb_text][ba_social_share icon_bg=”#03002e” icon_padding=”10px|12px|10px|12px|true|true” layout=”classic” show_text=”off” btn_padding=”0px|0px|0px|0px|false|false” btn_bg_color=”RGBA(255,255,255,0)” _builder_version=”4.23″ _module_preset=”default” custom_margin=”50px||||false|false” custom_padding=”25px||||false|false” custom_css_before=” content: %22SHARE THIS%22;|| font-size: 16px;|| font-weight: 700;|| line-height: 22px;|| letter-spacing: 0em;|| text-align: center;|| color: #ff5447;|| margin-bottom: 10px;|| display: inline-flex;|| position: absolute;|| margin-top: 10px;” border_width_top_main=”1px” border_color_top_main=”#e4e4e4″ border_radii_icon=”on|5px|5px|5px|5px” global_colors_info=”{}” custom_css_before_last_edited=”off|desktop”][ba_social_share_child _builder_version=”4.23″ _module_preset=”default” global_colors_info=”{}”][\/ba_social_share_child][ba_social_share_child network_type=”facebook” _builder_version=”4.23″ _module_preset=”default” global_colors_info=”{}”][\/ba_social_share_child][ba_social_share_child network_type=”linkedin” _builder_version=”4.23″ _module_preset=”default” global_colors_info=”{}”][\/ba_social_share_child][ba_social_share_child network_type=”email” _builder_version=”4.23″ _module_preset=”default” global_colors_info=”{}”][\/ba_social_share_child][\/ba_social_share][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

Professional indemnity insurance can be an essential financial safety net for small businesses that provide advice, like consultants. Here\u2019s how it works. <\/p>\n","protected":false},"author":35,"featured_media":282895,"menu_order":0,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"sbh_category":[261],"class_list":["post-282883","sbh","type-sbh","status-publish","format-standard","has-post-thumbnail","hentry","sbh_category-insurance"],"yoast_head":"\nWhat Is Professional Indemnity Insurance?<\/title>\n<meta name=\"description\" content=\"Professional indemnity insurance can be an essential financial safety net for small businesses that provide advice, like consultants. Here\u2019s how it works.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.reckon.com\/au\/small-business-resources\/insurance\/professional-indemnity-insurance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Is Professional Indemnity Insurance?\" \/>\n<meta property=\"og:description\" content=\"Professional indemnity insurance can be an essential financial safety net for small businesses that provide advice, like consultants. Here\u2019s how it works.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.reckon.com\/au\/small-business-resources\/insurance\/professional-indemnity-insurance\/\" \/>\n<meta property=\"og:site_name\" content=\"Reckon\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/reckonhq\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-10T06:15:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.reckon.com\/au\/wp-content\/uploads\/2024\/09\/Visuals.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"409\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@ReckonHQ\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/small-business-resources\\\/insurance\\\/professional-indemnity-insurance\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/small-business-resources\\\/insurance\\\/professional-indemnity-insurance\\\/\"},\"author\":{\"name\":\"Simon Jones\",\"@id\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/#\\\/schema\\\/person\\\/b545528d0f97dde1cd2f9738897f1bcd\"},\"headline\":\"What Is Professional Indemnity Insurance?\",\"datePublished\":\"2024-09-10T05:47:40+00:00\",\"dateModified\":\"2024-09-10T06:15:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/small-business-resources\\\/insurance\\\/professional-indemnity-insurance\\\/\"},\"wordCount\":1527,\"publisher\":{\"@id\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/small-business-resources\\\/insurance\\\/professional-indemnity-insurance\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Visuals.png\",\"inLanguage\":\"en-AU\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/small-business-resources\\\/insurance\\\/professional-indemnity-insurance\\\/\",\"url\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/small-business-resources\\\/insurance\\\/professional-indemnity-insurance\\\/\",\"name\":\"What Is Professional Indemnity Insurance?\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/small-business-resources\\\/insurance\\\/professional-indemnity-insurance\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/small-business-resources\\\/insurance\\\/professional-indemnity-insurance\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Visuals.png\",\"datePublished\":\"2024-09-10T05:47:40+00:00\",\"dateModified\":\"2024-09-10T06:15:54+00:00\",\"description\":\"Professional indemnity insurance can be an essential financial safety net for small businesses that provide advice, like consultants. Here\u2019s how it works.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/small-business-resources\\\/insurance\\\/professional-indemnity-insurance\\\/#breadcrumb\"},\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.reckon.com\\\/au\\\/small-business-resources\\\/insurance\\\/professional-indemnity-insurance\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/small-business-resources\\\/insurance\\\/professional-indemnity-insurance\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Visuals.png\",\"contentUrl\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Visuals.png\",\"width\":1200,\"height\":409},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/small-business-resources\\\/insurance\\\/professional-indemnity-insurance\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"insurance\",\"item\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/small-business-resources\\\/insurance\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What Is Professional Indemnity Insurance?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/#website\",\"url\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/\",\"name\":\"Reckon\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-AU\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/#organization\",\"name\":\"Reckon\",\"url\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/reckon-logo-yoast.png\",\"contentUrl\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/reckon-logo-yoast.png\",\"width\":300,\"height\":237,\"caption\":\"Reckon\"},\"image\":{\"@id\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/reckonhq\\\/\",\"https:\\\/\\\/x.com\\\/ReckonHQ\",\"https:\\\/\\\/www.instagram.com\\\/reckonhq\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/reckon\\\/\",\"https:\\\/\\\/www.youtube.com\\\/user\\\/Reckonltd\\\/\",\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/Reckon_(company)\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/#\\\/schema\\\/person\\\/b545528d0f97dde1cd2f9738897f1bcd\",\"name\":\"Simon Jones\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Simon-Jones-150x150-1.png\",\"url\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Simon-Jones-150x150-1.png\",\"contentUrl\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Simon-Jones-150x150-1.png\",\"caption\":\"Simon Jones\"},\"description\":\"Content Writer Simon has spent more than 15 years as a journalist and content marketer, covering a broad spectrum of topics for both print and digital mastheads. He specialises in finance and technology, with a particular interest in the intersection of AI and fintech.\",\"url\":\"https:\\\/\\\/www.reckon.com\\\/au\\\/author\\\/simon-jones\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"What Is Professional Indemnity Insurance?","description":"Professional indemnity insurance can be an essential financial safety net for small businesses that provide advice, like consultants. Here\u2019s how it works.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.reckon.com\/au\/small-business-resources\/insurance\/professional-indemnity-insurance\/","og_locale":"en_US","og_type":"article","og_title":"What Is Professional Indemnity Insurance?","og_description":"Professional indemnity insurance can be an essential financial safety net for small businesses that provide advice, like consultants. Here\u2019s how it works.","og_url":"https:\/\/www.reckon.com\/au\/small-business-resources\/insurance\/professional-indemnity-insurance\/","og_site_name":"Reckon","article_publisher":"https:\/\/www.facebook.com\/reckonhq\/","article_modified_time":"2024-09-10T06:15:54+00:00","og_image":[{"width":1200,"height":409,"url":"https:\/\/www.reckon.com\/au\/wp-content\/uploads\/2024\/09\/Visuals.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_site":"@ReckonHQ","twitter_misc":{"Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.reckon.com\/au\/small-business-resources\/insurance\/professional-indemnity-insurance\/#article","isPartOf":{"@id":"https:\/\/www.reckon.com\/au\/small-business-resources\/insurance\/professional-indemnity-insurance\/"},"author":{"name":"Simon Jones","@id":"https:\/\/www.reckon.com\/au\/#\/schema\/person\/b545528d0f97dde1cd2f9738897f1bcd"},"headline":"What Is Professional Indemnity Insurance?","datePublished":"2024-09-10T05:47:40+00:00","dateModified":"2024-09-10T06:15:54+00:00","mainEntityOfPage":{"@id":"https:\/\/www.reckon.com\/au\/small-business-resources\/insurance\/professional-indemnity-insurance\/"},"wordCount":1527,"publisher":{"@id":"https:\/\/www.reckon.com\/au\/#organization"},"image":{"@id":"https:\/\/www.reckon.com\/au\/small-business-resources\/insurance\/professional-indemnity-insurance\/#primaryimage"},"thumbnailUrl":"https:\/\/www.reckon.com\/au\/wp-content\/uploads\/2024\/09\/Visuals.png","inLanguage":"en-AU"},{"@type":"WebPage","@id":"https:\/\/www.reckon.com\/au\/small-business-resources\/insurance\/professional-indemnity-insurance\/","url":"https:\/\/www.reckon.com\/au\/small-business-resources\/insurance\/professional-indemnity-insurance\/","name":"What Is Professional Indemnity Insurance?","isPartOf":{"@id":"https:\/\/www.reckon.com\/au\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.reckon.com\/au\/small-business-resources\/insurance\/professional-indemnity-insurance\/#primaryimage"},"image":{"@id":"https:\/\/www.reckon.com\/au\/small-business-resources\/insurance\/professional-indemnity-insurance\/#primaryimage"},"thumbnailUrl":"https:\/\/www.reckon.com\/au\/wp-content\/uploads\/2024\/09\/Visuals.png","datePublished":"2024-09-10T05:47:40+00:00","dateModified":"2024-09-10T06:15:54+00:00","description":"Professional indemnity insurance can be an essential financial safety net for small businesses that provide advice, like consultants. Here\u2019s how it works.","breadcrumb":{"@id":"https:\/\/www.reckon.com\/au\/small-business-resources\/insurance\/professional-indemnity-insurance\/#breadcrumb"},"inLanguage":"en-AU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.reckon.com\/au\/small-business-resources\/insurance\/professional-indemnity-insurance\/"]}]},{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/www.reckon.com\/au\/small-business-resources\/insurance\/professional-indemnity-insurance\/#primaryimage","url":"https:\/\/www.reckon.com\/au\/wp-content\/uploads\/2024\/09\/Visuals.png","contentUrl":"https:\/\/www.reckon.com\/au\/wp-content\/uploads\/2024\/09\/Visuals.png","width":1200,"height":409},{"@type":"BreadcrumbList","@id":"https:\/\/www.reckon.com\/au\/small-business-resources\/insurance\/professional-indemnity-insurance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"insurance","item":"https:\/\/www.reckon.com\/au\/small-business-resources\/insurance\/"},{"@type":"ListItem","position":2,"name":"What Is Professional Indemnity Insurance?"}]},{"@type":"WebSite","@id":"https:\/\/www.reckon.com\/au\/#website","url":"https:\/\/www.reckon.com\/au\/","name":"Reckon","description":"","publisher":{"@id":"https:\/\/www.reckon.com\/au\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.reckon.com\/au\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-AU"},{"@type":"Organization","@id":"https:\/\/www.reckon.com\/au\/#organization","name":"Reckon","url":"https:\/\/www.reckon.com\/au\/","logo":{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/www.reckon.com\/au\/#\/schema\/logo\/image\/","url":"https:\/\/www.reckon.com\/au\/wp-content\/uploads\/2024\/05\/reckon-logo-yoast.png","contentUrl":"https:\/\/www.reckon.com\/au\/wp-content\/uploads\/2024\/05\/reckon-logo-yoast.png","width":300,"height":237,"caption":"Reckon"},"image":{"@id":"https:\/\/www.reckon.com\/au\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/reckonhq\/","https:\/\/x.com\/ReckonHQ","https:\/\/www.instagram.com\/reckonhq\/","https:\/\/www.linkedin.com\/company\/reckon\/","https:\/\/www.youtube.com\/user\/Reckonltd\/","https:\/\/en.wikipedia.org\/wiki\/Reckon_(company)"]},{"@type":"Person","@id":"https:\/\/www.reckon.com\/au\/#\/schema\/person\/b545528d0f97dde1cd2f9738897f1bcd","name":"Simon Jones","image":{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/www.reckon.com\/au\/wp-content\/uploads\/2024\/07\/Simon-Jones-150x150-1.png","url":"https:\/\/www.reckon.com\/au\/wp-content\/uploads\/2024\/07\/Simon-Jones-150x150-1.png","contentUrl":"https:\/\/www.reckon.com\/au\/wp-content\/uploads\/2024\/07\/Simon-Jones-150x150-1.png","caption":"Simon Jones"},"description":"Content Writer Simon has spent more than 15 years as a journalist and content marketer, covering a broad spectrum of topics for both print and digital mastheads. He specialises in finance and technology, with a particular interest in the intersection of AI and fintech.","url":"https:\/\/www.reckon.com\/au\/author\/simon-jones\/"}]}},"_links":{"self":[{"href":"https:\/\/www.reckon.com\/au\/wp-json\/wp\/v2\/sbh\/282883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.reckon.com\/au\/wp-json\/wp\/v2\/sbh"}],"about":[{"href":"https:\/\/www.reckon.com\/au\/wp-json\/wp\/v2\/types\/sbh"}],"author":[{"embeddable":true,"href":"https:\/\/www.reckon.com\/au\/wp-json\/wp\/v2\/users\/35"}],"version-history":[{"count":0,"href":"https:\/\/www.reckon.com\/au\/wp-json\/wp\/v2\/sbh\/282883\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.reckon.com\/au\/wp-json\/wp\/v2\/media\/282895"}],"wp:attachment":[{"href":"https:\/\/www.reckon.com\/au\/wp-json\/wp\/v2\/media?parent=282883"}],"wp:term":[{"taxonomy":"sbh_category","embeddable":true,"href":"https:\/\/www.reckon.com\/au\/wp-json\/wp\/v2\/sbh_category?post=282883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}