Professional Liability
Insurance

When you provide professional services or advice, even the smallest error or misunderstanding can lead to serious financial claims. Professional Liability Insurance protects you against claims of negligence, errors, or omissions giving you the freedom to work with confidence and peace of mind.

Avoid major out-of-pocket legal costs
Maintain your professional reputation
Keep your business operational during disputes
Comply with industry regulations and contract requirements

What Is Professional Liability Insurance?

Professional Liability Insurance (also known as Errors and Omissions Insurance) provides cover if a client alleges that your service caused them financial loss due to a mistake, oversight, or failure to deliver.

Professional Liability Insurance Options

Claims-Made Policies
Covers claims made during the active policy period, regardless of when the incident occurred, most common structure for professionals.

Retroactive Cover
Protects you for services delivered before the policy start date, provided there’s no break in cover, crucial for experienced professionals switching insurers.

Run-Off Cover
Keeps your protection active after you stop practicing, ensuring you’re still covered for past work, ideal for retirees or those changing careers

Legal Cost Coverage
Covers attorney fees, court costs, and settlements that are often the most financially damaging part of a claim.

What it covers

Claims of professional negligence or incorrect advice
Legal defence costs, whether or not you’re at fault
Settlements or court-awarded damages
Breach of contract or missed deadlines
Defamation, misrepresentation, or data loss

Who needs this?

Consultants and business advisors
Medical and healthcare professionals
Legal practitioners
Accountants and auditors
Architects and engineers
IT professionals and developers
Real estate agents and brokers

Need investment planning, medical or retirement help?

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Ready to Protect Your Career?

Let’s help you stay covered while you focus on what you do best. Speak with a First Step advisor today for a personalised quote and expert guidance on professional liability insurance.

Get a Quote Today