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Insurance News from Construction Insurance Online

Construction Insurance Online is pleased to present the latest financial news headlines.

To read an entire news item, simply click on the headline.

News items on this page are prepared by our editorial team as summaries of publicly available news reports and official announcements. See linked news sources where available. The following news items are for informational purposes only and are not independent journalism.

Insurance News

Mandatory Professional Indemnity Insurance for NSW Builders by 2026
Mandatory Professional Indemnity Insurance for NSW Builders by 2026
29 Jan 2026: Paige Estritori
Registered building practitioners in New South Wales are facing a critical deadline to secure professional indemnity (PI) insurance by July 1, 2026, in accordance with the Design and Building Practitioners Act 2021. This legislation, which originally set a 2025 enforcement date, has been extended by 12 months to allow the industry additional time for preparation. - read more
ICA Calls for Comprehensive Reforms in Queensland's Insurance and Building Sectors
ICA Calls for Comprehensive Reforms in Queensland's Insurance and Building Sectors
29 Jan 2026: Paige Estritori
The Insurance Council of Australia (ICA) has recently submitted a series of recommendations to the Queensland Productivity Commission, aiming to reform the state's construction and insurance sectors. These proposals are designed to enhance the resilience of the built environment and improve the affordability of insurance for Queensland residents. - read more
Rising Mental Health Claims Impact Construction Insurance Costs
Rising Mental Health Claims Impact Construction Insurance Costs
29 Jan 2026: Paige Estritori
Australia's construction industry is facing a significant challenge as mental health claims among workers continue to rise, leading to increased insurance costs and complex risk management issues. Recent data indicates that approximately 20% of construction workers have experienced mental health conditions, highlighting the urgency for industry stakeholders to address this growing concern. - read more
Claim Central Property Ceases Operations Amid Industry Pressures
Claim Central Property Ceases Operations Amid Industry Pressures
21 Jan 2026: Paige Estritori
Claim Central Property, a prominent player in the Australian property claims management sector, has recently entered voluntary administration, ceasing its operations. This development underscores the mounting pressures within the construction and insurance industries, characterised by escalating costs and persistent supply chain disruptions. - read more
Proposed Building Code Reforms Aim to Mitigate Water Leak Issues
Proposed Building Code Reforms Aim to Mitigate Water Leak Issues
21 Jan 2026: Paige Estritori
Engineers Australia has recently expressed strong support for proposed amendments to the National Construction Code (NCC) aimed at mitigating water leaks, which are identified as the predominant cause of defects in apartment and commercial buildings. This endorsement underscores the critical need for enhanced standards to address a pervasive issue that has significant financial and structural implications. - read more

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

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Professionals Insurance Articles

Navigating Construction Insurance: Key Policies Every Business Should Consider
Navigating Construction Insurance: Key Policies Every Business Should Consider
The Australian construction industry is a dynamic and essential part of the national economy. As it grows, so does the complexity and number of compliance requirements aimed at ensuring safety and sustainability. Among these is the critical area of insurance compliance, a cornerstone of risk management for any construction business. - read more
Staying Compliant: Understanding Insurance Obligations in the Construction Industry
Staying Compliant: Understanding Insurance Obligations in the Construction Industry
Insurance compliance is a cornerstone of operating successfully within the construction industry. It ensures that businesses adhere to legal standards while safeguarding their projects and employees. Ignoring these obligations can result in hefty fines and damage to a company’s reputation. Thus, staying compliant is not just a legal duty but a smart business strategy. - read more
Exploring Contract Works Insurance: What Construction Firms Need to Know
Exploring Contract Works Insurance: What Construction Firms Need to Know
Contract Works Insurance is a pivotal coverage for businesses in the construction industry. This type of insurance is designed to protect building works against damage or loss during construction. It bridges the gap between starting a project and completing it, providing financial security in case something unexpected occurs. Whether it's a fire, theft, weather damage, or accidental damage during building, Contract Works Insurance has you covered. - read more
The Role of Cyber Insurance in Safeguarding Construction Companies
The Role of Cyber Insurance in Safeguarding Construction Companies
The construction industry is undergoing a digital transformation, embracing technology to streamline operations, enhance project management, and improve efficiency. As construction companies integrate digital tools, they also expose themselves to new cyber risks that were less of a concern in the past. - read more


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Loss Ratio:
The ratio of claims paid by an insurer to the premiums earned, used as a measure of profitability.