Event Planner Professional Indemnity Insurance

Premiums typically range from $700 to $4,000 per year for small to mid-sized event planning businesses, depending on revenue, event types, average event budgets and claims history. Planners managing large-scale corporate events or public festivals pay at the higher end. Request a free quote through Shielded for accurate pricing.

PI insurance covers event cancellation only where it results from the event planner's own negligence, such as failing to confirm a venue booking or secure a required permit. For broader event cancellation cover, including weather, venue closure or performer withdrawal, a separate event cancellation insurance policy is required.

If you negligently failed to confirm the vendor booking, provided incorrect event details to the vendor, or engaged an unreliable vendor without proper due diligence, your PI policy may respond to the client's claim. However, if the vendor simply defaulted on a properly managed booking, the claim would typically lie against the vendor rather than the planner.

Yes. Wedding planning is covered under event planner PI policies provided it falls within the definition of professional services. Weddings carry particular PI risk due to the non-repeatable nature of the event, the emotional investment of the clients, and the high claim values that can arise from even relatively minor planning errors.

Most event planners carry between $1 million and $5 million depending on the scale of events they manage. Planners working on large corporate conferences, festivals or public events with budgets exceeding $500,000 may need higher limits. Client contracts often specify minimum PI limits, so check your engagement terms.

Yes. PI insurance and public liability insurance cover different risks. PI covers claims from your professional advice and planning errors. Public liability covers bodily injury and property damage claims at events. Most venues and corporate clients require both policies. Some insurers offer combined packages for event professionals.

Notify your insurer or broker immediately, even if the threat seems informal. Do not admit liability, make settlement offers or enter into negotiations without your insurer's knowledge. PI policies are claims-made, meaning notification must occur during the current policy period. Early notification gives your insurer the best opportunity to manage the claim effectively.

Professional indemnity (PI) insurance protects professionals and businesses against claims arising from negligent acts, errors, omissions or breaches of professional duty in the provision of services or advice. It covers legal defence costs, settlements and damages awarded against you. PI insurance operates on a claims-made basis, meaning the policy in force when the claim is made responds - not the policy in force when the work was performed.

Any professional who provides advice, designs, recommendations or services to clients should carry PI insurance. This includes accountants, architects, engineers, lawyers, financial planners, mortgage brokers, IT consultants, real estate agents, builders, health practitioners, management consultants and many more. For many professions, PI insurance is mandatory under Australian legislation or industry body requirements.

PI insurance premiums depend on your profession, annual revenue or fee income, claims history, limit of indemnity required and the scope of services you provide. A sole practitioner consultant might pay $500 to $2,000 per year for $1M cover, while a mid-size engineering or accounting firm could pay $5,000 to $20,000+ for $5M to $10M cover. High-risk professions like financial planning or building design attract higher premiums.

PI insurance typically covers legal defence costs (solicitors, barristers, court fees), damages or settlements awarded to the claimant, investigation costs from regulatory bodies, breach of professional duty, negligent acts or omissions, unintentional breach of confidentiality, loss or damage to client documents, and defamation arising from professional activities. Cover extends to past work through retroactive dates.

Yes, for many regulated professions in Australia. Mandatory PI insurance requirements apply to solicitors, financial advisers (AFSL holders), mortgage brokers, accountants (registered tax agents), architects, building practitioners in most states, real estate agents, migration agents, customs brokers, and various health practitioners. Requirements vary by state and professional body - check your specific obligations.

Professional indemnity covers financial loss caused by your professional advice or services - for example, an accounting error that costs a client money. Public liability covers physical injury or property damage caused by your business operations - for example, a client tripping over a cable in your office. Most professionals need both, but they cover fundamentally different risks.

PI insurance operates on a 'claims-made' basis, meaning the policy that responds is the one in force when the claim is first made or notified - not the policy that was in force when the work was performed. This is why continuous, unbroken cover is essential. If you change insurers or let your policy lapse, you may lose cover for past work. Run-off cover is available for professionals who retire or close their practice.

The limit of indemnity you need depends on your contractual obligations, regulatory requirements and risk exposure. Many contracts require $1M, $2M, $5M or $10M minimum cover. Regulatory requirements vary by profession - for example, AFSL holders have specific minimums set by ASIC. Consider your largest client contracts and the potential financial impact of a claim when selecting your limit.

Contact us at Shielded Insurance on 1800 97 98 99 or your insurer directly. With PI insurance, early notification is critical - you must notify your insurer of any claim or circumstance that could give rise to a claim as soon as you become aware of it. Late notification can jeopardise your cover. Never admit liability or attempt to settle a claim without insurer approval.

We access a broad range of Australian domestic markets, specialist underwriting agencies and international capacity including Lloyd's of London syndicates. This allows us to place cover for standard professions through to complex or hard-to-place risks. As brokers, we compare multiple options to find competitive and suitable cover for your profession and risk profile.