Insurance News from Professional Indemnity Australia
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Insurance News
| NSW Builders Required to Obtain Professional Indemnity Insurance by July 2026 04 Oct 2025: Paige Estritori Starting 1 July 2026, all registered building practitioners in New South Wales (NSW) will be mandated to hold professional indemnity (PI) insurance, as stipulated by the Design and Building Practitioners Act 2021. This legislative change aims to enhance accountability and protect clients from potential financial losses due to professional negligence or defects in construction work. - read more |
| Competitive Pressures Drive Down Construction Insurance Premiums in Australia 04 Oct 2025: Paige Estritori The Australian construction insurance market has experienced a notable shift in 2025, with premiums decreasing across various lines due to heightened competition among insurers. This trend offers significant financial relief to builders and contractors navigating the complexities of the industry. - read more |
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