Australian property owners expect a property Inspector to be adequately insured for professional indemnity and public liability to protect their investment whether it’s for a pre-purchase inspection or new construction.

What purchasers may not realise is that it is not mandatory for inspectors to be insured, and this can leave both the consumer and the inspector open to the risk of severe financial loss and stress. The Australian Standards removed compulsory professional indemnity insurance for building inspectors. This allows those…