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Insurance News from Professional Indemnity Australia

Professional Indemnity Australia is pleased to present the latest financial news headlines.

To read an entire news item, simply click on the headline.

News items on this page are prepared by our editorial team as summaries of publicly available news reports and official announcements. See linked news sources where available. The following news items are for informational purposes only and are not independent journalism.

Insurance News

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Cyber Risk Is Blurring the Lines for Professional Indemnity Cover

09 Sep 2026: Paige Estritori

Recent insurance market commentary has again highlighted a growing challenge for Australian professional service firms: cyber incidents are no longer just an IT problem. When a system outage, data handling error, failed implementation, software defect or poor security recommendation causes a client financial loss, the dispute can quickly move into professional indemnity territory. - read more

Client Distress Is Becoming a Professional Liability Trigger

02 Sep 2026: Paige Estritori

Fresh small business finance reporting has put insolvency and cash-flow pressure back near the top of the risk agenda. While headlines often focus on company failures, tax debt, late payments and tighter household spending, the professional risk message is broader: when clients are under financial strain, expectations harden and disputes can escalate quickly. - read more

Why Complaint Handling Is Now a Professional Risk Test

26 Aug 2026: Paige Estritori

Fresh industry attention on ASIC’s internal dispute resolution data has put complaint handling back in the risk spotlight for financial services firms, advice practices and the businesses that support them. While IDR reporting is often viewed as a compliance obligation, it can also reveal the early stages of a professional indemnity exposure: a dissatisfied client, a disputed recommendation, a delayed response, an alleged error or a breakdown in communication. - read more

Compensation Rules Put Professional Indemnity Cover Back in Focus

19 Aug 2026: Paige Estritori

Fresh industry attention on ASIC's expectations for compensation arrangements is a timely reminder that professional indemnity insurance should not be treated as a once-a-year renewal task. For Australian professionals who provide advice, compliance support, financial services, consulting, design, technology or outsourced business services, the adequacy of cover depends on how closely the policy matches the work actually being performed. - read more

Respect@Work Duties Are Becoming a Professional Risk Issue

12 Aug 2026: Paige Estritori

Fresh attention on how Australian businesses put Respect@Work obligations into practice is a timely reminder that workplace conduct risk is no longer confined to HR manuals or internal training sessions. For consultants, advisers, compliance specialists, accountants, lawyers, recruiters, trainers and outsourced business support providers, the growing focus on prevention can also create a sharper professional liability exposure. - read more

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The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.