OCTOBER 2025 – PCI PolicyComparison Report

Posted: October 27, 2025/Under: Contract Works, Cyber, Domestic Insurance, Policy Comparison, Policy Interpretation, Product Recall, Property Insurance, Rural Insurance, Strata, Travel Insurance/By: Allan

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OCTOBER 2025 – PCI PolicyComparison Report

The PolicyComparison team have been busy this month, continuing to demonstrate their dedication to maintaining policy accuracy and alignment with the latest standards.

Take a look at what’s new below!

602 Policies Received (61 for Policy library)
642 Policy / Section Changes
106 New Wordings/Sections to LMI Policy Comparison

Quick overview

Thirty (30) policy wordings/sections were completely rewritten – Landlords, Home & Contents and Commercial Motor.
Professional Indemnity – Inclusion of Exclusion new to Professional Indemnity Policy Wording.
Insuring clause, cover has been provided for Artificial Intelligence – the Insurer will cover Claims arising out of the use of any artificial intelligence software in the performance of Professional Services. This is new to wordings and appears to be a broad cover.

Liability – Inclusions and exclusions new to Liability Policy wordings
Exclusion for Perfluoroalkyl and Polyfluoroalkyl Substances (PFAS) appears again in another Liability Policy wording and this exclusion is very detailed.
Contractual Liability exclusion has a write back of cover for liability assumed by You under any contract (other than a lease of real or personal property) ENTERED INTO BY You with a contract value of up to $200,00.
Aircraft Exclusion has a write back of cover for claims arising from the cleaning of any stationary Aircraft by You or on Your behalf where such Aircraft are not owned, operated or used by You.
Watercraft Exclusion has a write back of cover for any work performed by You or on Your behalf on or within any watercraft that exceed 10 meters in length, but only in respect of any contract entered into by You for such work which exceeds a contract value of $50,000
Inclusion of an Aircraft Refuelling Exclusion

Three hundred and Seventy-Five (375) policy/sections had change of underwriters. These wordings have not changed the content of the wording but have updated their policy wording pdf.
Summary of Changes vary per policy wording. Some Policy Wordings have been completely rewritten, whilst others have changed various exclusions, conditions, and benefits.

NEW INSURER / POLICY WORDINGS

One (1) Contractor Plant
One (1) Landlords
One (1 Leisure Travel
One (1) Private Motor
Three (3) Liability
Three (3) Professional Indemnity
Four (4) Contract Works
Ten (10) Home and Contents
Ten (10) Cyber

POLICY COMPARISON TEAM HAVE FOUND THE FOLLOWING RECENT CHANGES

Caravan

Alteration to Content Exclusions

Commercial Motor

Change to Personal Property Limit
Change to Optional Hire Car Benefit
Change to non-specified accessories limit.
Insured Property includes Mobile plant – See Contractor Plant
Change of Underwriter Carrier

Commercial Packs

Change of Underwriter/Carrier
Removal of Personal Accident and Illness Policy
Alteration to various General Claims Conditions, General Conditions, General Definitions and Exclusions
Alteration to Basis of Settlement
Removal of Limited Flood Cover Clause
Alteration to Personal Property Limit
Alteration to Limit of Liability Clauses for Product Liability and Pollution
Alteration to Accidental Damage Limit
Flood and Storm Surge Cover included.
Delay of Cover Exclusion also applies to Flood or Storm Surge

Contract Works

Alteration to Cancellation Clauses and Waiting Period
Alteration to Transfer Basis Definition
Alteration to Cooling Off Clauses
Alteration to Exclusion for Laws Impacting Cover
Change of Underwriter
Inclusion of Benefit for Claims Preparation Costs
Alterations to various Exclusions and Benefits
Alteration to Additional Benefit Cover Limits
Inclusion of Cyber and Communicable Disease Exclusions under Liability Section

Corporate Travel

Change of Underwriter/Carrier
Alteration to Partial and Total Disablement Weekly Payment
Removal of COVID19 Exclusion and Diseases Exclusion
Alteration to War Exclusion

Crop Policies

Change of Underwriter/Carrier

Cyber

Change to Cyber Breach Definition and Event Recovery Costs Definition
New Bricking Event Cover under Event Recovery Costs
Change to Limit of Liability
Change to Subsidiary Definition and Insured Definition
Change to Property Damage and Infrastructure Exclusion
Inclusion of Optional Extension of Cover Push Payment Fraud Event
Change of Underwriter/Carrier

Directors and Officers, Professional Indemnity and Management Liability

Change of Underwriter/Carrier

Engineering

Change to cover limit
Change to Disposal costs and cover limit
Inclusion of Additional Benefit Environmentally friendly equipment upgrades and Hazardous Substances
Various changes to cover exclusions
Inclusion of Gross Rentals (Strata Building) under Business Interruption
Inclusion of Public Relations fees Additional Benefit under Business Interruption

Home Insurance

Change of Underwriter/Carrier
Change to Building Alterations and Repair Limit
Removal of Domestic Workers’ Compensation Cover and Continuing Cover following total loss
Alteration to Consent for Legal Costs

Landlords

Alteration to Cancellation of Trip for Essential Workers
Change of Underwriter/Carrier
Alteration to Period of Insurance and Refund Following Cancellation
Alteration to Preexisting Medical Condition
Alteration to Luggage and Personal Effects Cover Section

Liability

Alteration to Limit of Liability Clauses for Product Liability and Pollution Liability
Alteration to General Exclusions for Nuclear and War
Change of Underwriter/Carrier
Inclusion of Cyber and PFAS Exclusions
Removal of the Personal Accident and Illness Policy

Marine Transit

Change to Pairs and Sets Basis of Settlement

Private Motor Policies

Change of Underwriter/Carrier
Inclusion of Sanctions Exclusions
Alteration to Optional Benefit Hire Car Benefit and Accessories Sub Limit

Rural Packs

Change of Underwriter/Carrier
Alteration to Personal Property, Hire Car Benefit and Non-Specified Accessories
Alteration to Excess and Cancellation, Claims Preparation Expenses, Your Rights to a Claim Conditions
Alteration to Nuclear and War Exclusions
Alteration to Basis of Settlement for Machinery and their attachments
Alteration to Customers and Suppliers Additional Benefit
Alteration to Engineers Fees
Alteration to Farm Use Definition
Alteration to Personal Property Limit
Alteration to Optional Benefit and Exclusion for Farm Hosting under Liability
Alteration to Limits for Fire, Flood or Explosion, Products and Pollution Liability
Alteration to Building Alterations and Repairs Limit
Alteration to Cover for Watercraft under Liability
Inclusion of Referenced Legislation
Inclusion of Incidental Farm Contracting Cover under Liability
Inclusion of Loss of Rent
Removal of Machinery and Equipment Benefit and Personal Accident and Illness Policy
Removal of Claims Preparation Expenses and Deterioration of Milk Optional Cover

Strata

Change of Underwriter/Carrier
Alteration to Earthquake Excess
Alteration to Temporary Accommodation and Loss of Rent
Alteration to Catastrophe Cover and Machinery Breakdown
Alteration to Several Liability Notice Condition
Inclusion of Optional Benefit Resultant Damage from both Escape of Liquid and Major Faults and Defects and Alteration to Increased Exploratory Costs Optional Benefit
Inclusion of Latent Defect, Escape of Liquid and Major Faults and Defects Definitions
Inclusion of Escape of Liquid Resultant Damage Exclusion

TEMPLATE CHANGES

To keep the areas of the policies that we compare up to date and relevant, the PolicyComparison research team regularly make changes to the template that they follow for each class of general insurance. This month, the Home and Contents template was reviewed and in the Exclusions Template they split the cell for War and Nuclear into two cells. Responses will be updated to accommodate this.

OCTOBER 2025 – PCI PolicyComparison Report