Professional indemnity insurance basics

Read time: 13 minutes 

Given the risks posed to architects, the best protection for any professional in the construction industry is still their own professionalism. Even so, it is inevitable that mistakes will occur or be alleged.

It is not necessarily unprofessional to make a mistake, but it is arguably unprofessional not to have a well-managed, realistic insurance policy in place to respond when mistakes occur or are alleged. For architects practicing anywhere in Australia, it is mandatory by law for the practice to have professional indemnity (PI) insurance.

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