Over the last quarter, severe weather has continued to impact communities and businesses across the country. Coupled with this, ongoing interruptions to supply chains are having far-reaching consequences and in terms of insurance, almost no sector remains unaffected. To learn more about the latest developments and what they could mean for you, don’t miss our insurance highlights and forecasts for builders and construction professionals.

As you enter this phase, the last thing you want to be concerned about is losing the assets you have built and an event that could negatively impact your quality of life. This is where run-off insurance comes into play.

The new registration scheme requires engineers who work in specific areas of engineering to be registered and comply with various requirements relating to qualification, professional development, and adherence to a new Code of Conduct.

The Regulation accompanies the previously introduced Design and Building Practitioners Act, which seeks to provide greater regulation of the design and construction industry and to help enhance consumer confidence in the safety of new apartment buildings.

Domestic Builder (Manager) was removed as a class of building practitioner as part of the Interim Building Regulations 2017 which came into effect 1 July 2017.

It is wonderful news that the AIBS have successfully secured the approval of the Professional Standards Councils throughout Australia to establish its own Professional Standards Scheme (PSS).

In the wake of three earthquakes across Victoria’s north-east on September 22, 2021, property damage in Melbourne and regional Victoria has added an additional level of complexity following the State’s two-week construction shut down announced on 21 September.

MELBOURNE, March 3, 2021 – Honan Insurance Group (Honan), one of Australia’s fastest growing international brokers, has announced it has acquired Bovill Risk & Insurance Consultants (BRIC), one of the country’s foremost professional indemnity (PI) and construction insurance specialists.

“Forever the student” Sensei - Patrick Pinto. To me, this means no matter what you know, remember to stay humble, and if you stop learning then you will be left behind. 

Last month, we welcomed leading professional indemnity (PI) and construction insurance specialists, Bovill Risk & Insurance Consultants Pty Ltd (BRIC) to the Honan Insurance Group family.