Professional indemnity insurance premiums are set to rise as a result of a flood of claims from the global financial crisis, and the collapse of financial advisory firms. A rise in claims has been noted for mortgage brokers, financial planners, property valuers, architects, and engineers.
The major insurers of professional indemnity include QBE, IAG, and Suncorp, insurers ar e tipping around a 7.5% increase in premiuims, but the increases for the occupations above could be higher.
