Member Statement - Industry at tipping point over Professional Indemnity Insurance crisis

26 June 2019

The Professional Indemnity (PI) insurance crisis we have been warning governments about for almost three years has finally hit.

Over the past two weeks, AIBS has received notifications from building surveying firms all over Australia that are facing closure or have already closed because they cannot secure workable PI insurance policies.

A statement from AIBS on the PI Insurance crisis can be found below: