Professional indemnity insurance costs $103 per month on average with MyCareSpace. This is a useful starting point, but it is not a quote. Your own price can be lower or higher depending on the work you do, the size of your business, your cover limit and your claims history.
The $103 figure is based on MyCareSpace's Customer Average Monthly Payment Report for 1 July 2024 to 30 June 2025. Get a quote based on your actual business before deciding what you will pay.
GET A PROFESSIONAL INDEMNITY INSURANCE QUOTE →
Why professional indemnity insurance costs vary
Professional indemnity insurance is priced around the risk of a claim arising from the services or advice you provide. A business giving clinical advice, financial advice or specialist consulting services can face different risks from a business delivering lower-risk administrative work.
The work you do
Your occupation and the exact services you provide are major factors in your quote.
Make sure you select an occupation that reflects your real work and disclose every service you deliver. A policy written for a generic support role may not be right for clinical, nursing, therapeutic or advisory work.
Your business turnover and number of people working for you
Higher turnover can mean a greater volume of work. More employees or contractors can also increase the potential for errors or claims. Insurers use this information to assess the scale of the risk they are being asked to cover.
The amount of cover you choose
Higher professional indemnity limits usually cost more. The increase is not always the same as the increase in the cover limit, so it is worth comparing the options that match your contracts, professional obligations and realistic business risk.
Your claims history and qualifications
Previous claims can affect the price of a new policy. Insurers may also ask about the qualifications and experience of the people providing the insured services.
How much does professional indemnity insurance cost for NDIS providers?
There is no single professional indemnity price for an NDIS provider. Your cost can depend on whether you provide direct support, nursing, therapy, support coordination or another professional service. It can also depend on your annual income, staff, claims history and the cover limit you choose.
Do not confuse the price of professional indemnity insurance with the price of a broader business-insurance package. An NDIS provider may also need to consider public liability, accident cover and other business insurance. The right quote should reflect the full range of services your business provides.
If you are registered with the NDIS Commission, the NDIS Practice Standards identify appropriate insurance, including professional indemnity, public liability and accident insurance, as part of provider risk management. Read the NDIS Practice Standards.
Professional indemnity insurance for care and support professionals
The price of professional indemnity insurance can be different for each care role because the services, responsibilities and risks are different. Choose the guide that best matches the work you do, then get a quote for that occupation.
Professional indemnity insurance for NDIS support workers
For independent disability support workers and carers providing direct support to NDIS participants.
Professional indemnity insurance for NDIS nurses
For enrolled nurses, registered nurses, nurse practitioners and nursing businesses providing NDIS services.
Professional indemnity insurance for disability care companies
For companies providing in-home disability support, short-term accommodation or supported independent living services.
Professional indemnity insurance for aged care workers
For independent aged care workers and carers providing services in the home or community.
Professional indemnity insurance for aged care companies
For aged care providers offering in-home care, respite or residential care.
Professional indemnity insurance for NDIS Support Coordinators
For independent Support Coordinators who provide advice, planning and coordination services.
What to have ready before you get a quote
Start with your ABN, business name, estimated annual income, a description of the services you provide, your work locations, details of employees or subcontractors, and information about any previous insurance or claims. If you need help estimating your annual income, use the MyCareSpace annual income calculator.
When you compare options, check the cover limit, excess, exclusions and policy wording. The lowest premium is not always the policy that best reflects the work you do.
Get your professional indemnity insurance quote
The fastest way to find your likely cost is to get a quote using accurate information about your business. Select the right occupation, tell the insurer about your full scope of work and review the options before you buy.
GET MY PROFESSIONAL INDEMNITY QUOTE →
Need broader information about the main insurance types to consider? Read insurance for NDIS service providers.
Source for the average monthly premium: BizCover Professional Indemnity Insurance Cost, Customer Average Monthly Payment Report for 1 July 2024 to 30 June 2025. The figure is a general guide only and may not reflect the price for your business.
MyCareSpace is a referral partner of BizCover Pty Ltd (ABN 68 127 707 975; AFSL No. 501769) and may earn a commission if you buy a policy through its website. MyCareSpace does not provide insurance advice. This information is general only and does not consider your individual circumstances. Read the relevant Product Disclosure Statement and confirm the policy suits your business before purchasing.
