Professional Indemnity


EBM specialist brokers can provide the right risk management solutions for Professional Services and will review your risks and identify mitigation strategies, including:


Who needs Professional Indemnity insurance?

  • Accountants and financial planners
  • Tax Agents
  • Business Consultants
  • Town Planning
  • Creatives and designers
  • Engineers and architects
  • Learning professionals
  • Lawyers, barristers and solicitors
  • Recruitment consultants
  • Wedding planners
  • Funeral Directors
  • Speakers


What is Professional Indemnity Insurance?

Professional indemnity insurance is designed for professionals who provide advice or services to their customers. It protects your business against legal costs and claims by third parties for damages arising from acts, omissions or breaches of professional duty in the course of your business.


In real terms, this means that if you do something (or neglect to do something) in the course of your work, and a customer suffers injury or financial loss as a result, they may take legal action against you. With the right policy, you can defend your business against the claim and prevent financial loss.


If you’re in any kind of profession that gives advice or provides a service, professional indemnity is a necessity. Your business is your livelihood, so protecting it is paramount.


If a mistake or omission occurs in the course of your work that results in financial loss or injury to a third party (e.g. a customer)—that customer may take legal action against you to recover their losses. Professional Indemnity insurance seeks to protect both your assets and your reputation, should this occur.


Risk Management 

Our role is to help identify risk and determine the best way to manage it. In doing so, we apply our knowledge and understanding of relevant legislation across all jurisdictions; our awareness of the latest insurance products available; and our local, national and international networks to transfer clients risks to an appropriate carrier (insurer).


Our process begins with a risk profile review. This detailed assessment allows us to build a comprehensive picture of your potential exposure. We then help determine a strategy to best deal with each risk - either by terminating, transferring to an insurance company, or retaining the risk under controlled conditions. In our view, risks should only be tolerated by choice and not because of lack of awareness or oversight.


Where insurance cover is needed, we develop clear and comprehensive policies for our clients before negotiating the best possible conditions and premiums from insurance company underwriters. We take a flexible approach, first examining a variety of policies from a range of providers. If no existing policy is suitable, we will customise a policy and negotiate its placement with an insurer on our client’s behalf.


Workers’ Compensation

Workers' compensation is a compulsory statutory form of insurance for all employers in every state (and territory) in Australia and provides protection to workers if they suffer a work-related injury or disease.

Workers Compensation Insurance is compulsory in Australia and it is vital in keeping your business and employees secure in the event of a claim.

At EBM we closely review our Professional Service clients’ needs within Australia and overseas before we design an insurance solution to respond to their unique requirements, taking into consideration:

  • Differing scheme requirements between jurisdictions.
  • Scope of available cover including statutory benefits, common law, journey claims and industrial diseases.
  • Contractual requirements extending to accommodate principal’s indemnity, waivers and hold harmless provisions, where available.
  • Examination of claims history.
  • The assistance of EBM’s unique Injury Management service.

EBM’s experienced and professional Account Managers have an intimate understanding of each jurisdiction, including the key factors driving premium costs. This places EBM at the forefront of our industry.


Corporate travel insurance

Group & Corporate Travel Insurance, also known as Business Travel Insurance, protects owners and employees travelling intrastate, interstate and abroad for business. It protects your company against the financial disruption caused by serious accidents, illness and travel delay.


Corporate Travel Insurance also provides cover for business owners and their families travelling together on personal trips.  A Corporate Travel Insurance policy can include:

  • Cover for lost or damaged Luggage, Personal Effects, Travel Documents, Money and Credit Cards
  • Personal Injury (and Sickness) whilst Traveling
  • Political Risk and Natural Disaster Evacuation Expenses
  • Emergency Overseas Medical and Evacuation Expenses
  • 24 hour Emergency Assistance
  • Rental Vehicle Excess Cover
  • Kidnap and Ransom
  • Missed Transport & Transfers
  • Personal Liability during Travel


Motor Vehicle insurance

  • Our motor vehicle insurance team will research the most suitable car insurance policies a range of professions with your vehicle type and driving requirements (e.g., work or family or both, long distance or city driving, vehicle age etc.), and make sure you get exactly the cover you need.
    • Compulsory Third Party (CTP) offers protection against claims for compensation if you injure or kill someone in a motor vehicle accident.
    • Third Party Fire and Theft in addition to covering damage to the property of others provides some limited cover for your own car if it is damaged or lost because of fire or theft.
    • Third Party Property covers the cost to repair damage caused by your car to other people’s property. It will also cover your legal costs if they sue you over that damage.
    • Comprehensive covers everything in the lesser insurance options and it also covers you for accidental damage to your own car, regardless of who caused the damage. Comprehensive also has a range of optional extras, including replacement vehicles while you can’t drive your own car and no-excess windscreen replacement if you have a crash.


Cyber Liability insurance

Cyber Liability insurance includes protection across the following areas:

  • Privacy Liability - A failure to maintain confidentiality of data
  • Network Security Liability - The unauthorised use of your networks
  • Media Liability -  Your online media liability
  • Cyber Extortion - Network or data extortion / blackmail
  • Data Asset Loss - Data loss and restoration including decontamination and recovery
  • Business Interruption - Due network security failure or attack


Data Breach Insurance

A Data Breach insurance policy will provide additional protection. This includes cover for liability arising from unauthorised use of, or access to your networks electronic data or software. It also covers liability claims for inadvertently spreading a virus or malicious code, computer theft, extortion, or an unintentional act, mistake, error, or omission made by your employees while performing their job.


Find out more about Cyber Liability Insurance and if your business covered for Cyber threats such as hacking, data loss or network breaches.


Management Liability insurance

Private companies, associations or not-for-profit organisations and their management teams face a range of exposures in today’s litigious environment. Actions and disputes can come from employees, customers, competitors, regulatory bodies and others. It is therefore impossible to anticipate and avoid every risk that may eventuate, even with robust procedures and practices in place.

Management Liability insurance provides protection for your company and management team under ‘one’ policy, and it won’t break the bank. In fact, premiums start from less than $1,000 per annum for up to $1m aggregate cover. Examples of exposures able to be covered (under one policy) are outlined below:

  • Director’s & Officer’s Liability - Protects the personal assets of both past and present directors, officers and managers against actions taken against them in relation to wrongful acts including breach of duty and misrepresentation.
  • Statutory Liability (Fines & Penalties) - Responds to fines and penalties imposed by Regulatory Authorities for alleged breaches of legislation, including the related legal defence/representation costs. Typically includes coronial inquests and the like.
  • Corporate Liability - Covers costs to defend your company from other parties alleging wrongful conduct, including investigation into the affairs of the company.
  • Employment Practices Liability - Covers employers against claims made by employees for employment reaches, such as discrimination, wrongful dismissal, bullying or sexual harassment.
  • Tax Audit - Covers the cost of fees of an accountant in connection with a Statutory tax audit of your business.
  • Crime Protection - A trusted employee can embezzle funds, steal inventory, or commit fraud over a long period of time.

Business insurance

Some key features of EBM’s Business Insurance policy:

  • $25,000 claims preparation costs automatically covered for all sections of the policy.
  • Building undergoing alteration or renovation increased limitation to $500,000 or 20% of the building sum insured whichever is the lesser.
  • Seasonal Increase of Sum Insured now includes celebrated events of a festive, religious or ethnic nature in addition to Christmas and Easter.
  • New premises temporary cover increased to 60 days and 50% of the highest Sum Insured.
  • Under insurance threshold increased to 10%.
  • Prevention of access limits increased to 50km.
  • Cover for replacement of locks and keys increased to $10,000.
  • Theft without forcible entry cover increased to $10,000.
  • Advertising Liability automatically included.
  • Liability Cover for products unknowingly exported to the USA or Canada.
  • Flood cover available for most locations.
  • Pre-agreed capping on renewal premium increases, providing comfort for future costs.


Contact our experienced Professional Services insurance brokers today by filling in the contact form or calling us on 1300 755 112.

Key Contacts

Specialists in this area include:


Ryan Cameron

Ryan Cameron

Director of Broking

email Ryan

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