PI Insurance & Risk Mitigation
In late 2021 it was timely to revisit the important topic of PI insurance, with a focus on current and future trends, cladding exclusions, compliance risks and rectification. Watch legal and insurance experts from Planned Cover and MinterEllison deliver this formal CPD presentation today.
This CPD webinar was held on 17 November 2021.
Simon Gray from Planned Cover and Jeanette Barbaro from MinterEllison provide an update to inform and equip you with strategies to achieve better outcomes for your projects and your practice. Content includes:
- Responsibilities of architects and design professionals
- Compliance and legislative changes and requirements
- Precedent and litigation risks relating to code breaches and fires, takeaways from Lacrosse
- How to better manage compliance risks for a better outcome for your practice
- Issues of rectification of non-compliant cladding
- State of the Professional Indemnity insurance market, including impact on premiums and cladding exclusions
- Impact of Covid-19 and where we are now
- The continued focus by PI insurers on ‘Combustible Cladding’ exposure
- Current PI claims and future trends
- Managing risk – engaging subconsultants and tender resourcing
- Strategies to achieve a better result for your practice
Jeanette Barbaro, Partner, MinterEllison, Melbourne
Jeanette’s expertise lies in building compliance, the delivery of construction and infrastructure projects, risk and dispute management and dispute resolution. With a particular focus on complex matters involving engineering, commissioning and construction, her experience spans a range of procurement strategies (including public-private partnerships, EPCs, design and construct, and facilities management) and a range of dispute resolution mechanisms from international arbitrations to expert determinations.
More recently, Jeanette has brought her experience to the forefront in leading MinterEllison’s national cladding group. Jeanette advises regulators, government and private clients with respect to the multitude of issues concerning the use of non-compliant cladding products across Australia. Her experience includes the undertaking of building audits, safety risk management, how to determine and achieve compliance, duties of care, the assessment of liability, the prospects of recovery of rectification costs, Board governance and regulatory issues. Jeanette has also acted for a number of clients in relation to the rectification of non-compliant cladding used in commercial and high-rise residential buildings and the determination of the responsibility, and ultimate liability, for the associated costs.
Simon Gray, State Manager – NSW/ACT, Planned Cover
Simon holds a BSc LLB degree and is the State Manager NSW at Planned Cover. Prior to joining Planned Cover Simon was a partner for many years at Hunt & Hunt, Lawyers. During his 12 years as a lawyer Simon specialised in insurance litigation and acted for the major insurance companies in defending public liability, CTP and professional indemnity claims.
Since joining Planned Cover in 2006 Simon has been the State Manager and is also responsible for handling the company’s major professional indemnity insurance accounts. As a broker.Simon’s unique blend of legal and insurance experience enables him to provide his clients with insurance and risk management advice that goes beyond traditional insurance broking.
Members $25, Non-members $40
*One ticket per attendee.
1 formal CPD point.
Learning outcomes – Following completion of this webinar, attendees will have a better understanding of Precedent and litigation risks relating to code breaches and fires, how this and other market factors and claims trends impact PI insurance premiums and strategies of how better manage their own risk and exposure to obtain a better outcome for their practice.
9 Practice Management – 9.7 Knowledge of legal and regulatory requirements and obligations in regard to architectural practice, practice management and registration as an architect.
APBSA Core Area: Practice Management
The webinar includes recorded Q&A with the speakers. Written CPD questions will be provided.
Please keep your receipt, completed questions and certificate for your CPD records. A link will be provided to upload CPD answers and for issue of a CPD certificate of completion.
For more information, contact Katherine Ygosse.