News
Flying Solo – Insurance for the Self-Employed
Flying Solo - Insurance for the Self-Employed Working for yourself as a sole trader can have plenty going for it. Work/life flexibility. Lower overheads. Zero internal politics. But when the buck starts and ends with you, it also comes with a unique set of challenges...
Rising construction costs
Rising construction costs Is your building cover actually enough to cover you? Like most things in life the cost of construction is rising. Building materials, fittings and labour can all be affected. This means each year it becomes more and more expensive to repair...
Understanding the importance of Personal Insurance in your business plans
Understanding the importance of Personal Insurance in your business plans Will your business still be around if you’re not? Tens of thousands of Australians devote their entire lives to operating a successful business, toiling their heart and soul into setting up and...
Head above water – Recovering from Flood Damage
Head above water: Recovering from flood damage. Flooding affects thousands of Australian home and business owners every year. But some rebound much faster than others once the danger has passed and waters have receded. Rising floodwaters and inundated communities...
Understanding the risk of Under-insurance
Understanding the risk of Under-insurance Did you know Australia is one of the most under-insured nations in the developed world? From inadequate levels of income protection and life insurance arrangements, to grossly undervalued business assets and equipment,...
Softening the blow of cyclones
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...
What’s the secret to stress-free insurance claims?
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,...
Why a disaster needn’t be a financial catastrophe – Understanding business interruption insurance
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...
Australia’s Biggest Insurance Claims and What You Can Do After A Disaster
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...
Keeping Covered on Land and Sea: Do You Have the Right Marine Insurance Policy Coverage?
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...
Asbestos – Commonplace yet Deadly Hazardous. When to be Wary of Asbestos
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...
Marine Professional Negligence Insurance – Key Points
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...
Commercial Marine Hull and Protection & Indemnity (P&I) Insurance – What does it all mean?
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...
Marine Cargo Insurance – What are the options?
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...
Marine Industry Liability – What to look out for
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,...
Travel insurance: Common mistakes and pitfalls to look out for
Travel insurance: Common mistakes and pitfalls to look out for Ensuring that you have adequate insurance when travelling is paramount, with every policy being different in the coverage provided and exclusions they include. Following is an article from Traveller, with...
Spring clean your insurance policies
Tip of the month Spring clean your insurance policies Is it time you did a spring clean of your insurance policies? After a long winter, now might be the time to do a review of your insurance cover to make sure you are properly insured to enjoy all the pleasures the...
Are you Environmentally Friendly?
Are you Environmentally Friendly? Environmental Insurance, formerly known as Environmental Impairment Liability, covers businesses against a range of environmental liabilities and exposures. Designed to respond to all types of pollution, whether it be sudden,...
Protect Yourself Against Cyber Bullies
Protect Yourself Against Cyber Bullies Our previous newsletter talked about the growing need for businesses to implement safeguards to mitigate cyber-attacks in the work place. We want to follow on from that and discuss further how business’ can help protect...
Prepare, Act and Survive
Prepare, Act and Survive You do not need to live in the bush to be affected by bushfires. Burning material, embers and smoke can still cause damage to your home and business if you are in close enough reach of a bushfire. The most loss of life and property damage...
Protect yourself against terrorist acts
Protect yourself against terrorist acts Commercial markets have matured and become much more innovative in their underwriting approach to terrorism. The Terrorism Insurance Act 2003 (TI Act) was enacted by the Commonwealth Government following the withdrawal of...