Softening the blow of cyclones

Tropical cyclones are a fact of life for communities across northern Australia from November to April. But often underestimated is just how common these destructive weather events really are. Since 1969/70 Bureau of Meteorology records show Australia has experienced an average of 11 tropical cyclones every season. In the past 5 years alone two of these have registered the maximum warning rating of Category 5: Cyclone Yasi in 2011 and Cyclone Marcia in 2015. With wind gusts in excess of 300km/h both led to widespread destruction of property, infrastructure and many injuries. In the case of Yasi, one man also died. Continue reading Softening the blow of cyclones

---

What’s the secret to stress-free insurance claims?

Insurance claims are often accompanied by considerable amounts of stress. Not so much due to claim itself, but rather the events that have preceded the need to actually make it. Whether it’s the result of an accident, injury, natural disaster or another form of personal or business loss, the last thing you want is to be burdened with the additional trauma of a complex or protracted claim. The good news is you don’t have to be. Continue reading What’s the secret to stress-free insurance claims?

---

Why a disaster needn’t be a financial catastrophe – Understanding business interruption insurance.

What would you rather after a disaster hits? Close down temporarily with the peace of mind that everything will be back to normal as soon as the business has been fixed and ready to re-open? Or have banks and staff breathing down your neck while you scramble to keep your head above the water?

The ability to keep your business operating, week in, week out, is the lifeline to your own financial future as a business owner. Continue reading Why a disaster needn’t be a financial catastrophe – Understanding business interruption insurance

---

Australia’s Biggest Insurance Claims and What You Can Do After A Disaster

Everyday people use insurance as a safety net for their personal domestic possessions, something to fall back on when the impossible occurs. Today, insurance is used as a protection of your belongings, and public liability where you may be legally liability for bodily injury or property damage. Generally, people don’t pay much attention to the importance of having good insurance cover. But every so often a well-publicised event occurs, that reinforces the true value of your insurance. Continue reading Australia’s Biggest Insurance Claims and What You Can Do After A Disaster

---

Keeping Covered on Land and Sea: Do You Have the Right Marine Insurance Policy Coverage?

In the prestigious Royal Motor Yacht Club marina in Rose Bay NSW, the yacht of Anthony Bell, probably the world’s only celebrity accountant, sunk in the early morning hours.

In the aftermath of Mr Bell’s misfortune, people should consider whether they and their businesses have the right insurance policy to cover such an accident. Continue reading Keeping Covered on Land and Sea: Do You Have the Right Marine Insurance Policy Coverage?

---

Asbestos – Commonplace yet Deadly Hazardous. When to be Wary of Asbestos

Be Wary of Asbestos After Natural Disasters

Did you know that the negative effects of asbestos can be a serious danger after natural disasters like floods and storms?

Asbestos is a group of mineral fibres that occur naturally. Its versatility, strength, fire resistance and insulating ability make it an attractive material for use in many industries, with over 3000 applications. In Australia, about one third of all homes built contain asbestos products, including roof sheeting, guttering, fencing, telecommunications pits and carpet underlays, despite the fact that it has deadly effects on our health. Continue reading Asbestos – Commonplace yet Deadly Hazardous. When to be Wary of Asbestos

---

Marine Professional Negligence Insurance – Key Points

By Ray Park – Marine Insure

Marine Professional Negligence Insurance is a specialty line targeted at occupations within the Marine Industry such as Naval Architects, Marine Surveyors and Consultants, Marine Engineers, Ships Managers and Transport/Logistics Consultants to name a few. Continue reading Marine Professional Negligence Insurance – Key Points

---

Commercial Marine Hull and Protection & Indemnity (P&I) Insurance – What does it all mean?

By Ray Park – Marine Insure

Commercial Hull Insurance, together with Protection & Indemnity (P&I) is essential for any commercial vessel owner for the protection of their financial investment in their vessel, like any other asset used in connection with a business. Continue reading Commercial Marine Hull and Protection & Indemnity (P&I) Insurance – What does it all mean?

---

Marine Cargo Insurance – What are the options?

By Ray Park – Marine Insure

Marine Cargo Insurance has its roots in very early trade times, where traders would spread their commodities over several vessels to ‘spread the risk’. Then came the Lloyds Coffee Houses in London, where several businessmen would receive a payment for signing their name under a certain shipment of goods agreeing to pay a portion of a claim. Hence the name ‘under writer’ and the rest is history with the establishment of Lloyds of London.

Most insured cargo is covered by Institute Cargo Clauses, of which there is a host to choose from, depending on the subject matter insured and what type of cover is required. The most regularly used clauses are Institute Cargo Clauses A, B and C. Continue reading Marine Cargo Insurance – What are the options?

---

Marine Industry Liability – What to look out for

By Ray Park – Marine Insure

Marine Liabilities in many ways, are no different from other Liabilities. Put simply, when a company or business is involved in the Boat & Marine Industry, whether it be Boat Building, Repairing, Painting and so on, they are all exposed to liability risks just as much as any other business is. Continue reading Marine Industry Liability – What to look out for

---