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Insurance News

Declining Construction Insurance Premiums in Australia: A 2025 Overview Declining Construction Insurance Premiums in Australia: A 2025 Overview
14 Feb 2026: Paige Estritori

In 2025, Australia's construction insurance market experienced a notable shift, with premiums decreasing across various lines. This trend marks a departure from the upward trajectory observed in previous years, offering a more favourable environment for construction businesses seeking coverage. - read more
The Impact of Escalating Construction Costs on Insurance Claims in Australia The Impact of Escalating Construction Costs on Insurance Claims in Australia
14 Feb 2026: Paige Estritori

Australia's construction sector is currently grappling with significant cost escalations, which are having a direct impact on insurance claims and repair timelines. Factors such as rising material prices, labour shortages, and an increase in builder insolvencies are contributing to this trend. - read more
ICA's Push for Reforms to Lower Insurance Costs and Strengthen Housing Resilience in Queensland ICA's Push for Reforms to Lower Insurance Costs and Strengthen Housing Resilience in Queensland
14 Feb 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 industry. These proposals are designed to reduce insurance costs and bolster housing resilience, addressing both economic efficiency and disaster preparedness. - read more
Escalating Construction Costs Impact Insurance Claims and Repair Timelines Escalating Construction Costs Impact Insurance Claims and Repair Timelines
06 Feb 2026: Paige Estritori

The Australian construction industry is currently grappling with significant cost escalations, which are having a direct impact on insurance claims and repair timelines. According to a recent report by Crawford & Company, various factors are contributing to this trend, including rising material prices, labour shortages, and an increase in builder insolvencies. - read more
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Professionals Insurance Articles

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
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
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
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


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Insurance:
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of potential financial loss.