How to fix your risk profile
Short of inventing a time machine, it’s hard to reverse a bad history of insurance claims. Fortunately, there are steps you can take to improve your risk profile and avoid being slugged with expensive premiums or higher excesses and onerous policy conditions. Identify the problem Not knowing your risk profile is like trying to […]
Read MoreWhy do my insurance premiums keep rising?
You’d expect your insurance premiums would stay the same, if not decrease if you’ve continually improved your risk management over a long period in business and made no claims. Despite that apparent logic, insurance premiums across the board keep rising. This article explains how insurers work out your premium. In short, the dollar value of […]
Read MoreDo you know your key legal and regulatory obligations?
You’ve got your business strategy sorted, plenty of marketing ideas and your revenue prediction for the next year looks promising. Running a business is exciting – so exciting that it’s easy to forget some of the more mundane but critical aspects like regulatory and legal obligations. Here, we run through some key risks and requirements facing […]
Read MorePurchasing insurance directly or through a broker/advisor? Here are the differences you need to know
Half of the $19 billion Australians spend on general insurance each year is purchased through insurance brokers/advisors – the rest is bought directly from insurance companies. Curious about that even split? This article explains the differences between buying your policies through a broker/advisors or directly from an insurer. Your end goal is the same – ensuring your […]
Read MoreProduct recalls require comprehensive coverage
Product recalls require comprehensive coverage ‘Product recall’ is a phrase no business or manufacturer wants to hear, especially as they make for great media headlines – as the recent strawberry recalls showed. Being proactive and having media plans, recall strategies and appropriate insurance in place is essential if you don’t want a recall to cripple […]
Read MoreHayne Royal Commission – what it means for the industry
Hayne Royal Commission – what it means for the industry The insurance industry has faced the full force of the Hayne Royal Commission, with the media highlighting tales of consumer suffering and the follies of financial executives. With the final report due by February 2019, what are the practical outcomes likely to be? Announced in […]
Read MorePhishing: A cyber crime classic
Here’s how to avoid a phishing attack Phishing attacks have been around since the 1990s, but they’re still causing trouble for SMEs across the globe. All it takes is one misplaced click from an unwary employee to give attackers the keys to your most sensitive data, or cause mass service outages. It’s crucial to understand […]
Read MoreWhy use a Broker?
Why use an insurance broker? For the peace-of-mind. That’s why. There is nothing worse than paying a premium for insurance, then, when you lodge a claim following an insured event, find that you get the runaround from the insurance company and, eventually, a settlement that leaves you well out of pocket. Buying your business and […]
Read MoreCorporate Travel Insurance
If you have employees who are required to travel for work within Australia or abroad you should ensure that you and they are not exposed to potentially large financial losses as a result of these travels. Expenses for medical treatment, emergency medical evacuation, flight cancellations,hire car excesses or lost luggage are several common losses that […]
Read MoreCyber-Crime: A growing Menace
The reality is that all companies, large or small are targets for cyber criminals. Unfortunately many businesses operate under the belief that their existing insurance policies are enough to cover their data security and privacy exposures. This is not the case. Australian insurance companies however are at the forefront in making good the damage of […]
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