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Professional Indemnity Australia Weekly Risk and Insurance News

Each week, Professional Indemnity Australia brings a clear, plain-English wrap of the news affecting professionals and small businesses across the country. We cover industry developments, regulatory updates, notable cases, and emerging risk trends—distilling what changed, why it matters, and practical takeaways you can act on. Expect concise, trustworthy coverage tailored to consultants, contractors, and SMEs, helping you stay informed, compliant, and confident without the noise.

This Week:

This weeks wrap covers four developments for Australian professionals and SMEs. Updated financial lines wordings clarify professional indemnity, D&O, DDO and privacy/cyber clauses for financial services firms. ASD reports financial and insurance services are the most frequently targeted non‑government sector for cyber incidents, reinforcing the need to pair PI with cyber cover. After the first Privacy Act civil penalty, businesses are urged to confirm if fines and penalties are insurable under their policies. APRA data shows advised life insurance disputes have risen, a reminder for advice firms to tighten processes and ensure PI limits and retro dates are adequate.

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EPISODE 802 | Professional Indemnity Australia Weekly Risk and Insurance News | Sun, 19th Oct 2025

25 Oct 2025 | Paige Estritori

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