Category: Uncategorized

Key points Your professional indemnity (PI) insurance policy already protects clients in case of negligence, so there’s no need for them to be named on the policy. Adding clients as insured parties on your PI insurance policy creates a conflict, as it would cover both the alleged negligent party (you) and the claimant. Clients should […]

Key points A professional indemnity insurance policy will only cover the legal entity specified in the policy schedule (i.e., a sole trader or a company). It is essential to advise your insurer of all entities you use to perform your professional services. Policy wording varies amongst insurers so it is essential to ready your policy […]

Key points Remedial building work for Class 3 and Class 9(c) is being brought under the Design and Building Practitioners Act 2020 (NSW) (Class 2 remedial building work has been under the Act since 2021). This will require registered design practitioners to submit a Construction Issue Regulated Design which meets detailed new requirements, such as […]

Key points Professionals are typically judged by the standards of a reasonably competent practitioner of the relevant discipline. The standard of “peer professional opinion” cannot be relied upon as the standard if the court determines that the opinion is unreasonable. Standard of care is a crucial component of a negligence claim, along with duty of […]

Article summary: Content posted on social media and messaging apps can be used as evidence in court. Understanding the risk exposures helps you create systems to preserve beneficial records and avoid creating damaging ones. In 2024, a report by Deloitte highlighted that the average Australian spends 6 hours 20 minutes a week engaged in social […]

As 2024 comes to a close, it’s time to reflect on the achievements and challenges that have shaped our company over the past 12 months. This year has been marked by the growth of our team and a continued commitment by informed by Planned Cover to delivering exceptional value to our clients. In February, we […]

In addition to our professional indemnity insurance, informed by Planned Cover provides a contract review service to help consultants understand the insurance and risk implications of professional services agreements. By reviewing approximately 1,300 contracts every year, it allows us to consider trends in client-drafted contracts, and gives us a general understanding of the construction industry. In 2024, this […]

Unfair contracts legislation (“UCL”) is not new. However, new provisions that commence operation from 9 November 2023 expand the reach of UCL in ways that benefit consultants who work in the parts of the construction industry where long and one-sided consultancy agreements are the norm. The amendments to UCL (“Amendments”) apply to contracts entered into […]

Welcome our new Risk Managers Winston Churchill once said, “To improve is to change”, something we hold to be true and have been constantly trying to achieve by growing and evolving as a business to provide design consultants with high quality, relevant and up to date risk management and educational advice. We continually strive for […]

Determinative v Non-Determinative Processes and how they affect your Professional Indemnity (PI) Insurance It is not uncommon for consultants to experience a dispute at some point in their career.  Projects are increasingly complicated making the resulting disputes more complex too, but, lengthy and expensive litigation is no longer the default method used to resolve all […]