The right level of Professional Indemnity cover depends on your contracts, the nature of your work, and industry standards.

In many cases, your required limit will be influenced by:

• The value and complexity of your projects
• Whether you work with government or commercial clients
• Any licensing or membership obligations
• Contract terms that specify minimum insurance requirements

As a general guide, limits between $1,000,000 and $5,000,000 are common for smaller businesses or sole traders. Larger firms, or those working in higher-risk sectors, may require significantly more.

If your profession has specific guidelines, we recommend reviewing your industry page for more tailored advice.

Contact us to discuss your projects, contracts and exposures so we can help determine a cover limit that fits your business.