professional indemnity australia

broker login    |   affiliate login

 
     
  professional indemnity, pi insurance rates, pi insurance quotes, compare pi insurance, cheap pi insurance  
 

    | Home    |    Quick Quotes    |    Free Download    |   Calculators    |   About    |   Contact    |   Privacy    |   Links    |   Site Map   |

 
 
   
Knowledgebase
Occupational Hazard:
A risk associated with the nature of a particular occupation, which may affect insurance premiums.

 
Business Insurance Articles

Protect Your Intellectual Property: The Role of Indemnity Insurance in Safeguarding Assets Protect Your Intellectual Property: The Role of Indemnity Insurance in Safeguarding Assets
Intellectual Property (IP) stands as one of the core components of any modern business, particularly for startups where innovation is often the primary competitive edge. Understanding and protecting IP is not just about safeguarding ideas; it's a critical aspect of maintaining a business's unique market position and its long-term viability. - read more
Cyber Liability and Indemnity: Mitigating Risk for IT Professionals Cyber Liability and Indemnity: Mitigating Risk for IT Professionals
In an era dominated by digital innovation, understanding the crossroads of cybersecurity and indemnity insurance is more critical than ever for IT professionals. As cyber threats evolve with increasing sophistication, the concept of cyber liability has come into sharp focus, pinpointing the potential legal and financial risks associated with data breaches and cyber-attacks that professionals in the information technology sector may face. - read more
Top 5 Reasons Why Your Start-up Needs Indemnity Insurance Now Top 5 Reasons Why Your Start-up Needs Indemnity Insurance Now
Starting a business is a thrilling venture, but it comes with its share of risks and uncertainties. One often underestimated aspect by many entrepreneurs is the need for adequate insurance, particularly, professional indemnity insurance. This type of insurance is crucial for protecting your start-up against potential financial liabilities resulting from errors, omissions, or professional negligence. - read more
Expert Tips for Comparing and Buying the Right Professional Indemnity Insurance Expert Tips for Comparing and Buying the Right Professional Indemnity Insurance
Professional indemnity insurance is an essential safeguard for practitioners and businesses that provide expert advice or services. This type of insurance helps to protect professionals against legal costs and claims for damages from an act, omission, or breach of professional duty in the course of their work. For Australian professionals, where litigation is increasingly common, it's a pivotal component of risk management. - read more
Understanding Indemnity Insurance: A Comprehensive Guide for Australian Freelancers Understanding Indemnity Insurance: A Comprehensive Guide for Australian Freelancers
The landscape of work is changing in Australia, with more individuals embracing the flexibility and autonomy that freelancing offers. A significant surge in the freelance economy is a testament to this shift, as a myriad of professionals, from writers and designers to IT consultants, choose to offer their services independently. The burgeoning freelance community contributes not only to innovation but also to the country's economic vibrancy. - read more
Professional Indemnity Insurance: How Much Coverage Do You Really Need? Professional Indemnity Insurance: How Much Coverage Do You Really Need?
Professional Indemnity Insurance (PII) remains one of the keystones of risk management for professionals across Australia. Yet, misconceptions and lack of awareness can lead to inadequate coverage, leaving individuals and businesses vulnerable in a litigious environment. - read more
Avoiding the Pitfalls: Common Mistakes in Buying Small Business Insurance Avoiding the Pitfalls: Common Mistakes in Buying Small Business Insurance
Embarking on the entrepreneurial journey of running a small business comes with not only the thrill of potential success but also the specter of various risks. One of the most effective shields against the unforeseeable is small business insurance—a critical tool that safeguards your enterprise's financial health. In this section, we'll demystify the role insurance plays in protecting your small business and provide a brisk walkthrough of the different types of insurance options available. - read more
The Growing Importance of Cyber Insurance in Protecting Professional Practices The Growing Importance of Cyber Insurance in Protecting Professional Practices
The professional services industry has undergone a significant transformation in recent years, largely due to the integration of digital technology into everyday business operations. From cloud computing to mobile applications, the digital landscape for professional practices has expanded, offering new avenues of efficiency and connectivity. - read more
Mitigating Risks: Why Indemnity Insurance is Essential for Your Business Mitigating Risks: Why Indemnity Insurance is Essential for Your Business
Indemnity insurance may sound like complex legalese, but at its core, it's a straightforward and crucial protection for businesses of all types and sizes. Simply put, it's a form of insurance that shields a business from bearing the full brunt of financial losses due to lawsuits or claims made against it. - read more
Expert Tips for Comparing and Buying the Right Professional Indemnity Insurance Expert Tips for Comparing and Buying the Right Professional Indemnity Insurance
Professional indemnity insurance is an essential safeguard for practitioners and businesses that provide expert advice or services. This type of insurance helps to protect professionals against legal costs and claims for damages from an act, omission, or breach of professional duty in the course of their work. For Australian professionals, where litigation is increasingly common, it's a pivotal component of risk management. - read more

 

 
Professional Indemnity Australia :: News
SHARE

Share this news item!

Controversial Fire Ruling: AFCA Endorses Claim Denial

Controversial Fire Ruling: AFCA Endorses Claim Denial

Controversial Fire Ruling: AFCA Endorses Claim Denial?w=400
A recent decision has stirred considerable attention as an Australian Financial Complaints Authority (AFCA) ruling supported RAC Insurance's denial of a fire claim amidst significant controversy and debate.

The incident, centered in Western Australia, involved a homeowner with a criminal record, notably arson-related past offenses. Despite his efforts to claim insurance after his house caught fire in May 2020, the insurer alleged the fire was intentionally ignited.

This conclusion was not made arbitrarily. Evidence gathered by the insurer included CCTV footage and transaction records verifying the homeowner's purchase of a sizable quantity of kerosene shortly before the inferno. Further intriguing was the discovery of rags with flammable residue positioned strategically around the house, particularly in the living spaces.

Details regarding the aftermath highlighted substantial inconsistencies with his account and the problems in fully charging him due to evidence collection timing, leading prosecutors to drop related charges. Nonetheless, AFCA found RAC's presentation about motive and opportunity persuasive, acknowledging in their words that it was “more likely than not the complainant intentionally lit the fire.”

The background story adds layers to this intricate scenario. Prior to the fire, the homeowner suffered significant financial losses after involuntarily leaving his job due to his employer’s liquidation, leaving him financially destitute. This condition was apparent through bank records showing mounting debts, minimal savings, and reliance on government aid.

A complicated series of events included his attempts at renovating a stress-tormented home while dealing with personal upheavals including a relationship breakup. The residence faced not only structural damage from reasonable renovation work but also vandalism several months before the fire, complicating the scene further.

The homeowner insisted the fire might have resulted from a flammable chemical mishap while working alone, even proposing that left-over fumes from past incidents or an errant cigarette made the situation volatile. Still, forensic analysis countered his claims, identifying multiple points of ignition spread across various rooms in suspicious synchronicity.

The investigative data suggested a planned distribution of an accelerant throughout. Despite alternative theories proposed by the homeowner, details from fire investigation reports consistently pointed to incendiary factors.

Ultimately, AFCA's validation of the insurer's claim denial zeros in on the importance of consistency and reliability in evidence presentation. This underscores a broader point, highlighting how procedural thoroughness is critical amidst disputes where financial interests intersect with personal histories.

As concluded by the AFCA ombudsman, "The insurer did not mishandle the claim and its decision to report the findings of its investigation to the police was not unreasonable.” The ruling furnishes a notable precedent in insurance and legal arenas, emphasizing the caution agencies must exercise in distinguishing genuine claims from fraudulent activities.

This article draws from a decision originally reported with insights provided by AFCA. For those intrigued by the judgment dynamics, the full proceedings and ruling are available for public inspection.

Published:Wednesday, 6th Nov 2024
Source: Paige Estritori

Share this news item:

Insurance News

Insurance Dispute Settled with New Rulings Insurance Dispute Settled with New Rulings
07 Nov 2024: Paige Estritori

In a recent adjudication, a property owner faced a coverage denial due to damage attributed to rodents, offering a revealing insight into insurance claim disputes. When a strata property holder reported water damage from a damaged dishwasher hose, her insurance claim was thwarted by the involvement of rodents. - read more
Financial Sectors Grapple With High Reporting of Breaches Financial Sectors Grapple With High Reporting of Breaches
07 Nov 2024: Paige Estritori

The landscape of financial services in Australia is facing challenges as recent disclosures highlight the magnitude of self-reported compliance breaches across industries. The Australian Securities and Investments Commission (ASIC) report for the last financial year has revealed that the insurance sector reported the second-highest number of breaches. - read more
Call for Stronger E-Scooter Insurance Regulations in NSW Call for Stronger E-Scooter Insurance Regulations in NSW
07 Nov 2024: Paige Estritori

The rapid increase in e-scooter usage across New South Wales has prompted renewed calls for improved insurance regulations to safeguard both riders and pedestrians. Genevieve Henderson, president of the Australian Lawyers Alliance NSW, is advocating for mandatory insurance policies that would cover private e-scooter owners and council-managed e-scooter sharing programs. - read more
Surge in Claims for Non-Advised Disability Income Insurance Surge in Claims for Non-Advised Disability Income Insurance
06 Nov 2024: Paige Estritori

Recent analysis reveals individual non-advised disability income insurance is leading the pack with a remarkable claims paid ratio of 113%. In stark contrast, individual policies acquired through personal advice boast a much lower ratio of 68%, as outlined by the latest prudential data. - read more
Controversial Fire Ruling: AFCA Endorses Claim Denial Controversial Fire Ruling: AFCA Endorses Claim Denial
06 Nov 2024: Paige Estritori

A recent decision has stirred considerable attention as an Australian Financial Complaints Authority (AFCA) ruling supported RAC Insurance's denial of a fire claim amidst significant controversy and debate. - read more

Need a Quick Professional Indemnity Insurance Quote?

At Professional Indemnity Australia, we understand that you have more productive things to do with your time than researching professional indemnity insurance rates and options.

So we propose to help do it for you. No charge, no obligation.

Simply complete our short form for access to the best professional indemnity insurance quotes and advice from a comprehensive selection of Australia's leading and best known professional indemnity experts.

Quick Links: | Professional Indemnity | Pi Insurance Rates | Pi Insurance Quotes | Compare Pi Insurance | Cheap Pi Insurance

powered by
Financial Services Online

 

 


Home   |   Calculators   |   About   |   Quotes   |  Contact   |  Privacy   |   Brokers   |  Affiliates   |  Download   |  Links   |   Site Map

 
     
 

 
     

Copyright Clark Family Pty Ltd A.C.N. 010 281 008 - all rights reserved