Lewis Insurance News | Lewis Insurance Services Brisbane

Why do you need to read the PDS when effecting insurance?

Insurance providers are required to give their clients a PDS (Product Disclosure Statement) that details the terms and conditions of the policy. The PDS contains all the relevant policy terms and conditions that will dictate the effectiveness and outcomes of the policy you have purchased. It is a legal document, and you are likely not to disregard any other legal document if it was provided to you, which entitled you to settlement benefits.

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Why do you need Professional Indemnity Insurance?

If you are a professional who provides services or advice to others, then it’s quite likely that you will need Professional Indemnity Insurance. This type of insurance reduces your exposure to the costs of legal action taken against you by your clients (and any associated financial losses) for an act of negligence that occurred during the commission of your professional duty.

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Five Factors that affect your insurance premiums

Most people understand that insurance premiums rise and fall, the questions is why do your premiums change? What factors cause the amount of money you pay to your insurance company to increase or decrease?

If you have to pay higher premiums, does that automatically mean that you have better coverage? If not, what about lower premiums, should you opt for the lowest you can find?

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If you are not happy with your insurance claim – here’s what to do next

The General Insurance Code of Practice requires insurers to be honest, fair and open with their customers and to maintain high standards when dealing with claims or customer complaints. What happens however, if the insurance company won’t pay your claim or only gives you a partial payment? What can you do if you are not happy?

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Running your own business is risky – here’s how to protect yourself

One of the most ignored risk minimisation strategies for small businesses is insurance cover. For some reason, many business owners ignore the issue of insurance for their business, because after all – what can go wrong?

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ONE FOR ALL: Business Pack Insurance isn’t right for every business. But could it work for you?

Consolidating can deliver real savings and efficiencies across a wide range of business services. Insurance is no different, especially thanks to something known as Business Pack Insurance.

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Is your business ready? Notifiable Data Breach (NDB) Scheme in effect 22nd February

Is your business ready? Notifiable Data Breach (NDB) Scheme in effect 22nd Feb.

In 2017, a single data breach resulted in sensitive information of almost 50,000 Australians being leaked. This appears to be an ongoing trend and as a result, laws surrounding data breaches are being strengthened with amendments to the Privacy Legislation coming into effect on 22 Feb 2018.

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How to leverage your existing data and increase your bottom line

Many small businesses pay a fortune in research, marketing and advertising costs, totally unaware that they have a gold mine of data just waiting to be plundered. Generating new leads, exploring new markets and targeting specific groups of consumers can all be vital to the growth and success of small businesses.

Most businesses however, go ahead and pay marketing companies a fortune to achieve these goals. However, mining your own data is the way of the future and can not only help small businesses to save money on outsourcing, but can also help to drive customer acquisitions, boost growth and identify gaps and opportunities in the market.

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Do you need Directors and Officers insurance?

Company Directors earn a good living, but this must also be countered with the increase in responsibility, stress and liabilities that comes with such lofty positions. The ride isn’t always rough however, as there can be long stretches of company growth and smooth sailing, but what happens when something goes wrong?

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Start on the right foot. 7 things to know when setting up a new company

Start on the right foot. 7 things to know when setting up a new company.

Starting your own company is an exciting time. It’s likely to be one of the more pivotal moments in your career, if not your entire life. But it’s also a time inevitably filled with processes, responsibilities and pitfalls. The good news is with a little planning and a trusted support team around you, you can significantly smooth the process. While there are many things you’ll need to consider when starting out, here are seven of the most common – and important. Continue reading Start on the right foot. 7 things to know when setting up a new company