The unprecedented COVID times have seen a dramatic increase in the number of staff for many businesses who work from home. Whether such a shift has been voluntary or forced by reason of COVID-19, restrictions and lockdowns, it is understandable that keeping staff productive when they are not in the office has become a major…
COVID-19 has thrown many travel plans into disarray in 2020 & beyond. If you were one of the many Australians with a trip booked, hopefully you had travel insurance, and you are able to claim on some or all of your losses. However, that will depend not only on what your policy covers, but also…
Running your own business is exciting. It can also be risky. As a business owner, you’re exposed to a variety of business risks that could damage your business, cause you extensive financial problems or even sink your business altogether. But if you’re protected with the right insurance, you can go about your work with the…
The increasing popularity of online shopping has incessantly made it difficult for retailers to maintain their bricks and mortar stores. Then along came COVID-19, which forcibly opened the world up to online shopping and changed our spending habits. Besides, COVID-19 is not going anywhere fast. Between the increase in online shopping, and the ever present…
A recent case made by the Australian Financial Complaints Authority (AFCA) reaffirmed the importance of obtaining professional advice when considering any type of insurance product. The case involved a claimant who sustained damage to his laptop and televisions due to a power surge. He contended that the damage was caused by a bat that had…
Insurance is something that most business owners set and forget. They simply don’t think about insurance unless they need to use it. Like your business, your insurance needs will change over time. It is a good idea to review your coverage periodically to make sure that you are not paying for insurance that you don’t…
It’s affecting drivers around the globe. It claims hundreds of lives every year and happens day-byday on our roads. It’s called road rage, a condition that often involves anger or violence associated with on-road driving activities. Many government departments have determined that road rage is not a myth or an invention of the media. Rather,…
Recently, following an attack by neighbour’s dogs while playing in a friend’s yard, a child was awarded $315,500 for injuries. Prior to the attack, the dogs were securely enclosed in their owner’s premises. The child climbed onto a tree stump on the adjoining property and then stood on a cross beam of the dividing fence,…
The Australian Insurance Market has long been described as cyclical, for instance: it moves through both hard and soft market conditions. In a ‘hard’ market premiums increase and underwriting capacity is eroded. ‘Soft’ markets are characterised by falling premiums and aggressive insurers chasing market share. Based on recent evidence, it is estimated we are currently…
There is no question that COVID-19 has changed the way we live, work and transact in 2020. The impacts of these changes may yet be felt for many years to come. While we are all rapidly adjusting, it is important to consider the actual or potential business insurance impacts. Some questions that may assist you…