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• Mandatory Professional Indemnity Insurance for NSW Builders by 2026

  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.

• ICA Calls for Comprehensive Reforms in Queensland's Insurance and Building Sectors

  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.

• Rising Mental Health Claims Impact Construction Insurance Costs

  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.

• Claim Central Property Ceases Operations Amid Industry Pressures

  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.

• Proposed Building Code Reforms Aim to Mitigate Water Leak Issues

  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.

• New Comprehensive Professional Indemnity Insurance for Tradies Unveiled

  Hutch Underwriting has recently introduced a revamped professional indemnity (PI) insurance policy tailored specifically for tradespeople, commonly referred to as 'tradies'. This new offering is designed to encompass advice, design, and incidental cyber exposures, providing a comprehensive solution that addresses the multifaceted risks faced by professionals in the construction industry.

• NSW Court Decision Heightens Builders' Liability for Defects

  In a landmark decision, the New South Wales Court of Appeal has significantly altered the landscape of construction liability, particularly concerning builders' responsibilities for defects. The case, known as Pafburn, has removed the previously relied-upon proportionate liability defence, thereby increasing the accountability of builders and developers for construction defects.

• Understanding the Rise of Latent Defects Insurance in Australia

  Australia's construction industry is witnessing a significant shift towards latent defects insurance (LDI), a trend gaining momentum as New South Wales (NSW) approaches its 2028 deadline to mandate LDI for residential projects. This move underscores the sector's commitment to enhancing structural integrity and homeowner protection.

• ICA's Push for Reforms to Lower Insurance Costs in Queensland

  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 industry. These proposals are designed to reduce insurance costs and bolster housing resilience, addressing both economic efficiency and disaster preparedness.

• Adapting Insurance Strategies Amid Rising Construction Costs in Australia

  Australia's construction sector is currently grappling with significant cost escalations, prompting builders to reassess their insurance and risk management strategies. Factors such as supply chain disruptions, inflation, and labor shortages have collectively contributed to an over 30% increase in overall construction costs.

• Victoria's Insurance Monopoly Proposal: Implications for Builders

  The Victorian Government has introduced the Building Legislation Amendment (Buyer Protections) Bill 2025, aiming to centralise domestic building insurance under the Victorian Building Authority (VBA). This move would eliminate competition, requiring builders to obtain coverage exclusively from the VBA.

• NSW Builders: Act Now to Meet 2026 Professional Indemnity Insurance Requirements

  Registered building practitioners in New South Wales are required to hold professional indemnity (PI) insurance by July 1, 2026, following an extension of the compliance deadline under the Design and Building Practitioners Act 2021.

• ICA's Push for Queensland Reforms: Aiming to Lower Insurance Costs and Strengthen Housing Resilience

  The Insurance Council of Australia (ICA) has submitted six key recommendations to the Queensland Productivity Commission's inquiry into the construction industry, focusing on improving land use planning, taxation, regulation, and workforce management to enhance economic efficiency and disaster resilience.

• Significant Reductions in Australian Construction Insurance Premiums

  The Australian construction insurance market has experienced a notable shift in 2025, with premiums decreasing across various lines due to intensified competition among insurers.

• Elevated Construction Costs Prompt Reassessment of Insurance Strategies

  Australia's construction sector continues to grapple with elevated cost pressures, prompting builders to reassess their insurance and risk management strategies. Gallagher reports that overall construction costs have increased by over 30%, influenced by supply chain disruptions, inflation, and labour shortages.

• South Australia Strengthens Homeowner Insurance Amid Rising Builder Insolvencies

  The South Australian Government has taken decisive action to bolster homeowner protection in response to a surge in builder insolvencies. Effective from 1 October 2025, the maximum insurance payout for homeowners will increase from $150,000 to $250,000.

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• 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.

• 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.

• 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.

• 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.