What Is Professional Indemnity Insurance?

Professional Indemnity Insurance is designed for professionals who provide advice, services, or designs. If a client alleges your work has caused them financial loss, this cover steps in — helping to manage legal defence, compensation costs, and reputational risks. It’s more than just financial protection — it’s about safeguarding your credibility, reputation, and long-term success. 

“Professional indemnity insurance helps cover the cost of legal action due to your professional advice.” 

— Australian Government, Business.gov.au

What Does It Cover?

With LendPlus, your Professional Indemnity policy can be tailored to your business needs and may include:

• Negligence or breach of duty — errors, omissions, or mistakes in your services

• Incorrect or misleading advice — where clients suffer financial loss from your guidance

• Defamation — claims of libel, slander, or reputational damage

• Breach of confidentiality — unauthorised disclosure of client information

• Legal defence costs — including court proceedings, investigations, and settlements

• Regulatory inquiries — support for disciplinary or professional investigations

Additional Coverage Options:

• Medical Malpractice Insurance — for healthcare professionals facing treatment-related risks

• Combined Protection Packages — tailored to cover multiple exposures across industries

Protect your reputation.  Protect your future.

Your clients trust your knowledge and expertise. But one claim — even if unfounded — can put everything you’ve built at risk. With LendPlus Professional Indemnity Insurance, you can operate with confidence, knowing you’re protected against the unexpected.