Insurance FAQ’S

Several factors can impact the cost of policy premiums for architects and engineers in Australia. These include the type of coverage your practice requires, such as Professional Indemnity, Public and Products Liability, or Management Liability, which can be tailored to suit architectural and engineering services. The nature and scope of your business activities, the services you provide, and the sensitivity of the data you hold may also affect your premium. Other contributing factors include annual turnover, number of employees, location, claims history, and the cover limits and applicable excess you select. Because each business is different, costs can vary significantly, and premiums may change at renewal in line with risk and claims experience.

Public Liability insurance is designed to cover claims where a client or member of the public is injured or their property is damaged as a result of the services you provide. While it is not a legal requirement for agriculture and manufacturing businesses in Australia, it is commonly held byagriculture and manufacturing businesses across Australia. Many clients, venues and booking platforms may require you to hold a current Public Liability policy before they will engage your services. Without this type of cover, you could be personally liable for legal costs and compensation claims. Speaking with an insurance broker can help you understand whether Public Liability cover is appropriate for your circumstances.

W&I insurance can be structured to suit a range of transaction sizes. Whether your transaction involves a mid-market acquisition or a large-scale cross-border deal, policy limits and structures are flexible and can be tailored to your transaction's risk profile. We recommend speaking with one of our specialists to discuss whether W&I insurance is appropriate for your transaction.