Read time: 5 minutes
Most states and territories in Australia have mandated insurance for practising architects as part of their professional registration requirements. Architects should liaise with their state or territory-based registration board for further details.
As in any business undertaking, insurances for architects in practice are an essential consideration. Risks arise from the nature of business of an architectural practice as well as your business structure or the type of work the practice undertakes. The most common way to transfer the exposure of such risks is through the purchase of an appropriate insurance policy. It is important, however, to be aware that not all risk is transferable by insurance.