Why Every Perth Professional Needs Professional Indemnity Insurance

At Fortuna Insurance, we help professionals across Perth and Western Australia protect their reputation, income, and peace of mind. If you offer advice or services to clients, having the right Professional Indemnity Insurance in place can be the difference between business as usual — and financial or legal distress.

What if one small mistake — or even an unfounded accusation — could threaten your entire career or business?

It’s a sobering thought, but it’s a risk that many professionals unknowingly face every day.

Whether you’re a consultant, designer, contractor, adviser, or service provider — if your work involves offering advice or expertise, you could be held liable if something goes wrong.

That’s why Professional Indemnity Insurance is more than just a smart idea — it’s essential protection for you and your business.

“I’ve Never Had a Problem Before – So I Don’t Need It”

We hear this belief all the time. If you’re good at what you do, careful with your clients, and always operate with integrity, it’s easy to think, “It won’t happen to me.”

But the reality is that even the most experienced professionals can face legal claims. Sometimes it’s due to a genuine error. Other times, a client is simply unhappy with the outcome and wants someone to blame.

One of our clients, a seasoned business adviser, was blindsided by a legal letter.

The client claimed the advice they received resulted in financial loss. Defending the case — even though it was unfounded — took time, energy, and money.

Thankfully, they had Professional Indemnity Insurance in place, which covered legal fees and gave them the support they needed during a stressful time.

What Is Professional Indemnity Insurance?

Professional Indemnity Insurance is designed to protect professionals who offer advice or services to clients. It can help cover:

• Legal defence costs

• Court fees and settlements

• Claims for negligence or breach of duty

• Damages or compensation awarded

• Investigation expenses

• Reputational damage control

Even if the claim turns out to be unfounded, the legal defence costs alone can quickly add up.

Who Needs Professional Indemnity Insurance?

If you provide any type of advice, recommendations, or services as part of your profession, you could be at risk. This includes (but isn’t limited to):

• Business consultants

• Accountants and bookkeepers

• Engineers, Architects and designers

• IT professionals and web developers

• Real estate agents

• Health professionals

• and many more

No matter your industry, if your advice could lead to a client’s financial loss — perceived or actual — you need to be protected.

“I’m Too Small to Be Sued”

Think again. Small businesses and solo operators are often more vulnerable. Unlike large corporations, one claim can drain your finances and severely impact your business operations.

Don’t assume size equals safety. Professional Indemnity Insurance provides a critical safety net for businesses of all shapes and sizes.

Why Choose Fortuna Insurance?

At Fortuna Insurance, we make insurance simple, practical, and relevant. We take the time to get to know your profession, your risk profile, and your future goals — so we can recommend cover that’s just right for your business.

You’ll get honest guidance, easy-to-understand explanations, and expert support — without the jargon.

Protect What You’ve Built

If you offer professional services or advice, now is the time to consider Professional Indemnity Insurance.

Don’t wait for a legal dispute to realise how important the right cover can be. A single claim can cost far more than your annual premium — and put your hard-earned reputation at risk.

Let us help you find the right protection for your profession.

 Disclaimer: This blog is intended for general information purposes only. It does not take into account your specific needs or circumstances. For personalised advice, please speak directly to one of our qualified insurance professionals at Fortuna Insurance.