Professional indemnity insurance protects businesses from third party claims of negligence or breach of duty. For example, if a client of a professional services business made a claim of negligence, this type of insurance would help to protect the business assets and reputation. It covers businesses against the consequences of alleged neglect, error or omission.  Professional indemnity insurance is not something we currently offer with our Small Business Insurance policies. If professional indemnity insurance is something you feel is essential for your business, the Insurance Council of Australia offers a way to  find an insurer that may be suitable.