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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:

Paige Estritori covers four items for Australian professionals and SMEs: Service NSW grants up to $25,000 for Bondi‑affected businesses; ASICs updated conflicts guidance urging against commission‑only remuneration and what that means when buying PI cover; a broking code review push for full fee and commission disclosure to small‑business clients; and practical holiday‑period risk controls to reduce scope creep and errors. The episode closes by inviting listeners to visit professional‑indemnity-australia.com.au for tailored professional indemnity options.

EPISODE 1055 | Professional Indemnity Australia Weekly Risk and Insurance News | Sun, 28th Dec 2025

28 Dec 2025 | Paige Estritori

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Read Full Transcript:

Hello and welcome to Professional Indemnity Australia Weekly Risk and Insurance News, Im Paige Estritori, and its Sunday 28 December 2025. First up, grants of up to twenty‑five thousand dollars are available for small businesses impacted by the Bondi terror attack. Applications are being handled through Service NSW, including support at local hubs and via the Business Concierge. Why it matters: short‑term cash can steady payroll and supplier costs while trade recovers. If youre eligible, have your ABN, trading evidence, and key documents ready so the process is smoother. Meanwhile, the corporate regulator ASIC, the Australian Securities and Investments Commission, updated its guidance on managing conflicts of interest and says commission‑only remuneration should be avoided. Expect more upfront conversations about how brokers and advisers are paid. For buyers of professional indemnity cover, ask for clear written disclosure and compare the scope of cover, exclusions, and support—so the policy fits your work and contract requirements. Also this month, the broking code review recommended disclosing fees and commissions to all individual and small‑business customers. If adopted next year, quotes may come with clearer dollar figures alongside the recommendation. Until then, you can still request a remuneration breakdown and check that the advice aligns with your risk profile and client obligations. Finally, holiday operations can raise risk for SMEs: fast turnarounds, staff on leave, and unattended premises. For professional services, that can mean scope creep and avoidable errors. Keep engagement letters tight, confirm changes in writing, and make sure your certificate of currency and claims‑notification steps are easy for your team to find. Thats the wrap for this quieter week. For tailored professional indemnity cover with fast comparisons and expert help, head to professional-indemnity-australia.com.au. Im Paige—thanks for listening, and stay safe.

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