Insurance News
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Replacement Costs Surge as Surveying Equipment Prices Spike Due to Middle East Conflict
Rising material and technology costs caused by world-wide conflicts, inflation and rising fuel expenses have pushed up replacement values for field equipment across Australia, leading to widespread underinsurance. Recent Insurance market reports found many firms undervalue their assets by 20–40%. For surveyors, this gap can mean thousands lost during a claim. ACSIS’s Equipment Insurance includes…
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Surveyors Encouraged to Review Personal Accident Cover Amid Rising Site Risks
With field work becoming more complex and physically demanding, surveyors are being urged to reassess their Personal Accident and Illness insurance. Industry data from Insurance News Australia (2025) shows personal accident claims up 14% in sectors involving off-site work and travel. ACSIS’s Personal Accident policy (available through Network Insurance House) offers up to 85% income…
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Equipment Claims Surge as Underinsured Surveyors Count the Cost
Inflation, freight delays, and component shortages have inflated replacement costs for surveying equipment by as much as 25% since 2022. Recent insurance market reports warn that firms failing to update insured values risk significant out-of-pocket losses. ACSIS Equipment Insurance, developed for surveyors, covers theft in open air, flood, and accidental damage with a $50,000 blanket…
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Rising Costs Hit Fleet Insurance as Repair Inflation Bites
Australian fleet insurance premiums are climbing as parts shortages, electric-vehicle technology, and inflation drive up repair costs. Recent insurance market reports highlight that commercial motor premiums are expected to rise up to 12% this year. For surveyors, whose work depends on reliable transport, this has direct financial implications. “Fleet insurance is often an overlooked expense,”…
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Industry Insight: Regulatory Scrutiny and Expectations on the Rise for Surveyors
Sydney, NSW —February 2026 — As Australia’s built and spatial environment continues to adapt to heightened legislative expectations, regulatory scrutiny of surveying practice is increasing and it’s shaping how surveyors operate across the country. Accurate documentation, thorough inspections, and meticulous record-keeping are no longer just boxes to tick for compliance. They have become essential pillars…
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Case Study: Fire Safety Certification Errors Lead to Fines in Western Australia
Perth, WA — March 2026 — A recent disciplinary decision in Western Australia has reinforced the serious consequences that can arise when fire safety verification and certification processes fall short of regulatory requirements. The Western Australian Building Services Board fined a building surveying firm and its nominated supervisor after incorrect fire safety certifications were issued…
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News: Surveying Firms Face Stricter Scrutiny as PI Market Shifts
The Australian professional indemnity insurance market is stabilising after years of volatility, but insurers are tightening their expectations around documentation and disclosure, particularly for technical professions like surveying. According to recent insurance market reports, insurers are becoming more selective. Premiums may hold steady, but firms with unclear project scopes, incomplete records, or subcontractor exposure are…