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…
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…
What is it? Where is it? In the simplest terms, ‘cloud computing’ means storing and accessing data and programs over the Internet instead of on and from your computer’s hard drive. ‘The cloud’ is just a metaphor for the Internet. There is no real, puffy white cloud involved; it’s just a 3rd party service provider’s…
Surverys Reveal Alarming Statistics Probably due to the harsh reality of the current economic climate, it is estimated that 1 in 6 small businesses have no insurance of any kind. Of businesses that are insured, half of these are insured for only 60 to 85% of Replacement Value. And it gets worse with the revelation…
As a result of the Lindt café hostage siege in Sydney that ended in tragic circumstances, the Federal Government has now determined the actions of the gunman was a terrorist act. This declaration was a key point for the insurance industry as the Terrorism Insurance Scheme that was created following the Terrorism Act 2003 can…
Most insurers will allow you to increase your excess to reduce your premium. Why? Because when you increase your excess it shifts some risk from the insurer back to you. It represents a saving for insurers, as they no longer have to pay out numerous small claims. Often people see a higher excess as one…
You’re driving home after a long day at work, you are sitting in your car listening to the radio reading the bumper stickers of the cars that are ahead of you at the lights hoping that things could move a bit quicker so that you can get home and start dinner or pick up the…
Chances are that you have heard people talking about under-insurance, seen an article or two in the news papers (usually after a large catastrophe) or your broker has mentioned it to you. So what is it and why should you care? According to the Australian Securities and Investments Commission (ASIC), based on a report in…
Why going direct may not be the right course of action! You’re probably thinking, “I am a direct sort of a person, I say what I feel and don’t beat around the bush and should I encounter a problem with a company I will keep going until I get it sorted, even if that means…
In today’s world there are so many things that we need to budget for, home loan, car loan, credit cards, groceries, petrol, holidays, phone bills, electricity, the list is endless. This is often the reason why we all make excuses not to factor in one of the most important bills, life insurance. Let me ask…