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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:

ASIC opens consultation next week on the redrafted General Insurance Code of Practice. A new industry brief warns rapid AI and automation changes are outpacing annual renewals, urging businesses to confirm professional indemnity terms—especially for AI work—and declare critical platforms. An ombudsman ruling shows property policies can exclude losses caused by defective design, underscoring the role of professional indemnity for consultants and contractors. Finally, SMEs should prepare a simple AI use policy to share with clients, covering allowed tools, human checks, and incident steps to prevent disputes. Visit professional‑indemnity‑australia.com.au for tailored PI quotes.

EPISODE 3483 | Professional Indemnity Australia Weekly Risk and Insurance News | Sun, 8th Nov 2026

10 Nov 2026 | Paige Estritori

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Hello and welcome to Professional Indemnity Australia Weekly Risk and Insurance News, Im Paige Estritori, and its Sunday, 8 November 2026. First, regulation. Australias corporate regulator will start seeking feedback next week on the redrafted General Insurance Code of Practice, with the review slated to wrap in the new year. Why it matters: clearer, enforceable standards on claims and customer communications flow through to business policies. For you, it means knowing your policy obligations and timeframes, keeping documentation tidy, and working with your broker so your cover and claims process stay frictionless. Next up, technology risk. A new industry brief warns that the pace of AI and automation changes is leaving business policyholders exposed between annual renewals. Dont assume your professional indemnity covers AI‑related work or outputs. Confirm in writing what is and isnt covered, declare the cloud and vendor platforms you rely on, and review mid‑term if your services or tools change. Thats how you keep cover tailored to your actual risk. Meanwhile, an ombudsman decision over a collapsed parapet wall highlights a trap. The property claim failed because the dominant cause was defective design, which the policy excluded. For consultants and contractors, thats a reminder: property insurance wont fix design liability. Robust design controls and adequate professional indemnity limits are your backstop if a client alleges negligence. And staying with AI, many customers will soon ask blunt questions about how you use these tools. Be ready with a plain‑English one‑pager: what you use AI for, what never goes in, how outputs are checked by a human, and what youll do if something goes wrong. Sharing that with proposals and contracts builds trust and reduces the chance of disputes that can turn into claims. Thats the wrap. For fast, tailored professional indemnity quotes and expert help, head to professional‑indemnity‑australia.com.au. Im Paige Estritori—thanks for listening, and Ill catch you next week.

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