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

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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

Sterling Insurance Enhances Professional Indemnity Offerings with Lloyd's Binder
Sterling Insurance Enhances Professional Indemnity Offerings with Lloyd's Binder
15 Jun 2026: Paige Estritori
Sterling Insurance has recently secured a new professional indemnity (PI) binding authority with Lloyd's, a development that promises to provide Australian brokers with greater control over product offerings and pricing structures. This strategic move is part of Sterling's ongoing commitment to delivering tailored insurance solutions that meet the specific needs of niche and complex risk sectors. - read more
Navigating the Complexities of Australia's Professional Indemnity Insurance Market
Navigating the Complexities of Australia's Professional Indemnity Insurance Market
15 Jun 2026: Paige Estritori
The professional indemnity (PI) insurance market in Australia has experienced significant fluctuations over the past few years, presenting challenges for professionals across various disciplines. Understanding these market dynamics is crucial for securing appropriate coverage and managing risk effectively. - read more
Cohabit's New Digital Platform Revolutionises Strata Insurance Management
Cohabit's New Digital Platform Revolutionises Strata Insurance Management
15 Jun 2026: Paige Estritori
In a significant advancement for the strata insurance sector, insurtech company Cohabit has unveiled a digital platform designed to streamline the insurance process for strata schemes. This innovative solution allows property owners and managers to review and compare insurance options tailored to their specific buildings, leveraging comprehensive building data to facilitate informed decision-making. - read more
Suncorp's Strategic Move to Grow Strata Insurance Portfolio
Suncorp's Strategic Move to Grow Strata Insurance Portfolio
15 Jun 2026: Paige Estritori
Suncorp, a leading Australian insurer, has announced a strategic initiative to expand its presence in the strata insurance market. By reclassifying its strata insurance line from consumer to commercial, Suncorp aims to consolidate and grow its business in this sector, reflecting a clear strategic move to enhance its offerings for larger strata developments. - read more
Suncorp Bolsters Financial Resilience with $2.4 Billion Reinsurance Deal
Suncorp Bolsters Financial Resilience with $2.4 Billion Reinsurance Deal
15 Jun 2026: Paige Estritori
In a strategic move to enhance its financial resilience, Suncorp has secured a substantial reinsurance agreement valued at $2.4 billion over a five-year period. This agreement, set to commence on June 30, 2026, provides the insurer with $800 million of protection annually, aiming to mitigate the financial impact of escalating natural hazard costs. - 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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Professional Indemnity Insurance Articles

Understanding Risk Management: A Guide for Australian Professionals
Understanding Risk Management: A Guide for Australian Professionals
Risk management is a crucial concept that involves identifying, assessing, and prioritizing risks with the aim of minimizing their impact. For professionals, understanding and effectively managing risks can make the difference between stagnant growth and thriving success. But why is it particularly significant for those in Australia? - read more
How to Tailor Your Professional Indemnity Insurance for Better Liability Coverage
How to Tailor Your Professional Indemnity Insurance for Better Liability Coverage
Professional indemnity insurance is designed to protect professionals from legal claims made against them due to mistakes or negligence in their work. It acts as a safeguard, covering legal costs and any damages awarded, ensuring that professionals can continue their practice without financial burden. - read more
Why Professional Indemnity Insurance is Vital for Protecting Your Reputation as a Consultant
Why Professional Indemnity Insurance is Vital for Protecting Your Reputation as a Consultant
As a consultant, safeguarding your professional reputation is crucial. One effective way to do this is through Professional Indemnity Insurance. But what exactly is it? In simple terms, professional indemnity insurance is designed to protect professionals against claims made by clients for professional negligence or breach of duty. It acts as a safety net, covering legal costs and any damages awarded, if a client alleges that you've made a mistake or left them shortchanged by your services. - read more
Common Misconceptions About Professional Indemnity Insurance Debunked
Common Misconceptions About Professional Indemnity Insurance Debunked
Professional indemnity insurance is a type of coverage specifically designed to protect consultants and business professionals from legal claims and financial losses due to errors or omissions in their services. It provides peace of mind for those who offer expert advice or services to clients. - read more
Top 5 Reasons Australian Professionals Need Tailored Indemnity Insurance
Top 5 Reasons Australian Professionals Need Tailored Indemnity Insurance
In the fast-paced and dynamic landscape of today’s professional world, indemnity insurance has become a cornerstone of financial security for many Australian professionals. This type of insurance provides protection against claims of negligence or breach of duty made by clients or third parties. Without this safeguard, professionals may face substantial legal fees and damages that can significantly impact their financial stability. - read more

Knowledgebase
Incontestability Clause:
A provision in a life insurance policy that prevents the insurer from voiding coverage due to a misstatement by the insured after a certain period.