Whether Professional Indemnity Insurance is mandatory depends on the occupation, jurisdiction and work being performed.

There is no single Australian requirement that applies to every professional business.

Where can a requirement come from? #

For some professions, Professional Indemnity Insurance can be required by:

• State or territory legislation
• Professional registration
• Licensing conditions
• Professional standards schemes
• Regulatory bodies

Requirements can vary between jurisdictions.

Even where Professional Indemnity Insurance is not legally mandatory, a contract may require it. This is common where professionals work for government entities, councils, developers, principal contractors or large commercial clients.

Contracts can also specify:

• Minimum policy limits
• Run-off periods
• Particular policy terms
• Required endorsements

Some professional associations also require members to maintain Professional Indemnity Insurance.

Check the requirement that applies to you #

Because requirements vary significantly by occupation and location, they should be checked against the relevant current legislation, registration conditions, contract or professional body requirements.

Webber Insurance can assist with the insurance aspects of those requirements.

Contact our team if you need help arranging Professional Indemnity Insurance to meet a stated insurance requirement.