Make it a Christmas break – not a break in

With the upcoming festive season fast approaching it’s a timely reminder whilst there’s much to celebrate, consideration should be also given to your personal and business security and risk management arrangements. As many of us head off, both locally and overseas, for our Christmas holiday break it’s important to maintain an illusion of occupancy and…

Recent changes to the Workers’ Compensation regime

On 8 September, 2016 the Workers’ Compensation and Rehabilitation (National Injury Insurance Scheme) Amendment Bill received Royal Assent. While the Bill enacted a number of changes to the WorkCover regime, the focus of this article relates to the changes that potentially affect third parties that contract with an employing entity, such as host employers and…

Why should I use a broker?

Good Staff

How Do You Keep Them? The common misconception is that all you have to do is pay well. Many studies have found that this is simply not the case… in fact, it generally comes in around third or fourth on the employee list of ‘job satisfaction’ priorities. Paying a fair and reasonable salary is expected…

Glove Box Claim Guide

Tougher Transport Laws

Penalties to Hit Harder Recent changes to transport laws now hold more individuals and companies in the transport chain accountable for breaches. The Heavy Vehicle National Law (HVNL) commenced in 2014 and applies in all States of Australia except Western Australia. The legislation applies to all vehicles that have a GVM (Gross Vehicle Mass) or…

Pollution Liability Insurance

A Must-Have For Many Businesses Many business owners are unaware their standard business package insurance will not cover pollution remediation. It’s likely that contractors and other professionals working on major infrastructure and construction projects will have appropriate cover, but the cover is not just for heavy industry. Businesses with high risk include dry cleaners and…

Underinsurance

Weather Events Demand a Closer Look Following on from the previous article in the last edition of Brokerwise, we continue to focus on the impact of Co-Insurance or “Underinsurance” as it is more commonly known. The importance of considering and selecting appropriate and adequate Insurance Policy Limits or sub limits of liability are paramount and…

Don’t Cancel Your Cover The business has closed, it’s no longer trading, no more parts or products being manufactured or imported. No more installations or maintenance. No goods for sale. So, time for retirement or a change in direction. We just need to cancel the insurance. Well, not exactly. There is an element of insurance…

Workers Comp in QLD

Changes on the Way With the recent election of the Labor government in Queensland, the repeal of the impairment threshold for access to common law claims arising out of workplace injuries seems imminent. Changes to the WorkCover scheme, introduced in October 2013, meant that workers assessed with 5% impairment or less do not have access…